Ingredion Incorporated (NYSE:INGR) Receives Consensus Rating of “Hold” from Analysts

Ingredion Incorporated (NYSE:INGRGet Rating) has earned an average recommendation of “Hold” from the six ratings firms that are covering the stock, reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $107.25.

Several research analysts have issued reports on INGR shares. Barclays lowered Ingredion from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $105.00 to $110.00 in a research report on Monday, January 23rd. Stephens upgraded Ingredion from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $100.00 to $120.00 in a research report on Tuesday, January 17th. Credit Suisse Group boosted their target price on Ingredion from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, February 9th. Finally, upgraded Ingredion from a “hold” rating to a “buy” rating in a research report on Thursday, November 17th.

Insiders Place Their Bets

In other Ingredion news, EVP Jorgen Kokke sold 7,119 shares of the company’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $100.21, for a total transaction of $713,394.99. Following the completion of the sale, the executive vice president now owns 36,537 shares in the company, valued at $3,661,372.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 7,120 shares of company stock worth $713,497 over the last 90 days. Company insiders own 1.68% of the company’s stock.

Hedge Funds Weigh In On Ingredion

Large investors have recently made changes to their positions in the business. SeaCrest Wealth Management LLC acquired a new position in shares of Ingredion during the second quarter worth $26,000. Group One Trading L.P. purchased a new stake in Ingredion during the 4th quarter valued at about $27,000. Ellevest Inc. acquired a new position in shares of Ingredion in the third quarter valued at about $32,000. Wipfli Financial Advisors LLC acquired a new position in shares of Ingredion in the third quarter valued at about $33,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Ingredion in the fourth quarter worth about $35,000. 85.70% of the stock is owned by institutional investors and hedge funds.

Ingredion Trading Down 0.8 %

Shares of NYSE INGR opened at $95.07 on Tuesday. The business’s 50 day moving average is $99.98 and its two-hundred day moving average is $93.63. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.76 and a quick ratio of 0.91. Ingredion has a 1-year low of $78.81 and a 1-year high of $105.24. The stock has a market capitalization of $6.27 billion, a P/E ratio of 12.95 and a beta of 0.76.

Ingredion (NYSE:INGRGet Rating) last issued its quarterly earnings data on Wednesday, February 8th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.20. Ingredion had a return on equity of 15.70% and a net margin of 6.19%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, research analysts expect that Ingredion will post 8.32 EPS for the current year.

Ingredion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 24th. Shareholders of record on Monday, January 2nd were issued a dividend of $0.71 per share. The ex-dividend date was Thursday, December 29th. This represents a $2.84 dividend on an annualized basis and a yield of 2.99%. Ingredion’s dividend payout ratio is currently 38.69%.

Ingredion Company Profile

(Get Rating)

Ingredion, Inc engages in the development, production, and sale of food and beverage ingredients, primarily starches and sweeteners. The firm is involved in transforming corn, tapioca, potatoes, plant-based stevia, grains, fruits, gums, and vegetables into value-added ingredients and biomaterials for the food, beverage, brewing, and other industries.

Further Reading

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