Ingredion Incorporated (NYSE:INGR) Given Consensus Rating of “Hold” by Brokerages

Shares of Ingredion Incorporated (NYSE:INGR) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $124.3333.

INGR has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 1st. Zacks Research downgraded Ingredion from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. BMO Capital Markets decreased their price target on shares of Ingredion from $143.00 to $123.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Oppenheimer set a $136.00 target price on shares of Ingredion in a research note on Wednesday, October 22nd. Finally, Industrial Alliance Securities set a $124.00 price target on shares of Ingredion in a research report on Thursday, November 6th.

Institutional Trading of Ingredion

Several hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in shares of Ingredion by 143.1% during the third quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock valued at $144,685,000 after purchasing an additional 701,063 shares in the last quarter. Norges Bank acquired a new stake in shares of Ingredion in the 2nd quarter worth $82,779,000. Millennium Management LLC grew its position in Ingredion by 1,093.5% in the first quarter. Millennium Management LLC now owns 365,693 shares of the company’s stock worth $49,445,000 after acquiring an additional 335,052 shares during the period. Nordea Investment Management AB raised its position in Ingredion by 66.3% in the second quarter. Nordea Investment Management AB now owns 722,933 shares of the company’s stock valued at $97,531,000 after purchasing an additional 288,201 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Ingredion by 37.0% during the first quarter. Northern Trust Corp now owns 982,789 shares of the company’s stock worth $132,883,000 after purchasing an additional 265,263 shares in the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingredion Stock Up 0.1%

Shares of INGR stock opened at $108.33 on Monday. The stock has a fifty day moving average price of $113.78 and a 200 day moving average price of $125.46. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.75 and a quick ratio of 1.79. The stock has a market cap of $6.88 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 0.88 and a beta of 0.72. Ingredion has a one year low of $102.31 and a one year high of $148.61.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.02. Ingredion had a return on equity of 18.14% and a net margin of 9.07%.The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. Analysts predict that Ingredion will post 11.14 earnings per share for the current year.

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.