Ingredion (NYSE:INGR) Rating Lowered to Hold at Wall Street Zen

Ingredion (NYSE:INGR) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, UBS Group boosted their price target on Ingredion from $149.00 to $151.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ingredion currently has a consensus rating of “Hold” and a consensus target price of $151.40.

Ingredion Stock Performance

Shares of INGR stock opened at $128.36 on Friday. The stock has a market capitalization of $8.24 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.03 and a beta of 0.77. Ingredion has a 52-week low of $120.51 and a 52-week high of $155.44. The stock’s 50-day moving average price is $130.93 and its 200 day moving average price is $132.83. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Friday, August 1st. The company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.09. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.87 EPS. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. As a group, equities research analysts forecast that Ingredion will post 11.14 EPS for the current year.

Insider Buying and Selling

In related news, CEO James P. Zallie sold 36,287 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $126.52, for a total value of $4,591,031.24. Following the sale, the chief executive officer owned 50,129 shares in the company, valued at $6,342,321.08. This represents a 41.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Larry Fernandes sold 850 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $128.39, for a total value of $109,131.50. Following the completion of the sale, the senior vice president owned 31,171 shares in the company, valued at approximately $4,002,044.69. This represents a 2.65% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,137 shares of company stock worth $4,700,163. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Ingredion

A number of institutional investors and hedge funds have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Ingredion by 40.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company’s stock worth $38,000 after acquiring an additional 80 shares during the period. Waverly Advisors LLC lifted its stake in Ingredion by 3.8% in the 4th quarter. Waverly Advisors LLC now owns 2,303 shares of the company’s stock valued at $317,000 after buying an additional 84 shares in the last quarter. Retirement Guys Formula LLC lifted its stake in Ingredion by 5.7% in the 1st quarter. Retirement Guys Formula LLC now owns 1,566 shares of the company’s stock valued at $212,000 after buying an additional 84 shares in the last quarter. Vista Investment Management lifted its stake in Ingredion by 0.8% in the 2nd quarter. Vista Investment Management now owns 10,789 shares of the company’s stock valued at $1,463,000 after buying an additional 89 shares in the last quarter. Finally, Wealthspire Advisors LLC lifted its stake in Ingredion by 5.8% in the 1st quarter. Wealthspire Advisors LLC now owns 1,685 shares of the company’s stock valued at $228,000 after buying an additional 92 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.