Ingredion Incorporated (NYSE:INGR) Receives Average Recommendation of “Hold” from Analysts

Ingredion Incorporated (NYSE:INGR) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $124.3333.

A number of brokerages have issued reports on INGR. Oppenheimer set a $136.00 price target on Ingredion in a research report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a research note on Monday. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. BMO Capital Markets lowered their target price on shares of Ingredion from $143.00 to $123.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Finally, Wall Street Zen lowered shares of Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st.

Ingredion Price Performance

NYSE INGR opened at $110.25 on Friday. The company has a 50-day moving average price of $109.97 and a two-hundred day moving average price of $122.00. Ingredion has a 52 week low of $102.31 and a 52 week high of $141.78. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 0.90 and a beta of 0.72. The company has a current ratio of 2.75, a quick ratio of 1.79 and a debt-to-equity ratio of 0.41.

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

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Friday, January 2nd will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, January 2nd. Ingredion’s dividend payout ratio is 32.70%.

Institutional Trading of Ingredion

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Walleye Capital LLC raised its position in Ingredion by 16.5% in the first quarter. Walleye Capital LLC now owns 1,921 shares of the company’s stock worth $260,000 after acquiring an additional 272 shares in the last quarter. Ieq Capital LLC acquired a new position in shares of Ingredion in the 1st quarter worth approximately $561,000. Canada Pension Plan Investment Board bought a new stake in shares of Ingredion in the 1st quarter worth approximately $2,907,000. Vident Advisory LLC raised its holdings in shares of Ingredion by 43.4% in the 1st quarter. Vident Advisory LLC now owns 4,599 shares of the company’s stock worth $622,000 after purchasing an additional 1,392 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in Ingredion during the first quarter valued at approximately $262,000. Institutional investors own 85.27% of the company’s stock.

Ingredion Company Profile

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.