Ingredion Incorporated (NYSE:INGR) Receives $121.29 Average PT from Analysts

Ingredion Incorporated (NYSE:INGR) has been assigned an average recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $121.2857.

A number of research firms have recently issued reports on INGR. Benchmark reissued a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings cut shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Barclays reduced their target price on shares of Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 5th. Finally, Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th.

Insider Buying and Selling at Ingredion

In related news, Director David Fischer sold 1,662 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total transaction of $170,039.22. Following the transaction, the director owned 19,930 shares of the company’s stock, valued at $2,039,038.30. This represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ingredion

A number of large investors have recently made changes to their positions in INGR. Amundi grew its holdings in shares of Ingredion by 19.4% in the 1st quarter. Amundi now owns 142,282 shares of the company’s stock worth $16,029,000 after acquiring an additional 23,122 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Ingredion by 22,036.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock worth $114,351,000 after purchasing an additional 1,032,421 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Ingredion in the second quarter valued at $1,355,000. Cooke & Bieler LP increased its position in shares of Ingredion by 33.6% in the fourth quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock valued at $133,101,000 after buying an additional 303,807 shares in the last quarter. Finally, ING Groep NV acquired a new position in shares of Ingredion during the 4th quarter worth $6,825,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Price Performance

Shares of NYSE:INGR opened at $100.29 on Wednesday. Ingredion has a one year low of $94.44 and a one year high of $127.50. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 0.85 and a beta of 0.62. The company has a 50-day simple moving average of $102.34 and a 200-day simple moving average of $105.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.92 and a current ratio of 2.80.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.11. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The business’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the company posted $2.87 earnings per share. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, analysts predict that Ingredion will post 10.76 EPS for the current year.

Ingredion Company Profile

Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions company that develops and produces ingredients derived primarily from corn, tapioca, potato and other plant-based sources. Its products are used by food, beverage, brewing, animal nutrition, pharmaceutical, personal care and industrial manufacturers.

The company’s portfolio includes starches, sweeteners, fibers, texturizers, specialty ingredients and plant-based proteins. These ingredients help customers improve the taste, texture, nutrition, stability and performance of finished products, including baked goods, dairy products, beverages, confectionery, sauces and other consumer and industrial goods.

Ingredion serves customers across North America, South America, Asia-Pacific, Europe, the Middle East and Africa.