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

Shares of Ingredion Incorporated (NYSE:INGR) have been given an average recommendation of “Hold” by the seven research firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $124.3333.

Several research firms have recently issued reports on INGR. Barclays reaffirmed an “equal weight” rating and set a $124.00 price target (down previously from $168.00) on shares of Ingredion in a research note on Thursday, November 6th. UBS Group dropped their target price on shares of Ingredion from $130.00 to $119.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. BMO Capital Markets cut their target price on shares of Ingredion from $143.00 to $123.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Stephens dropped their price objective on shares of Ingredion from $140.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a report on Monday, December 29th.

Ingredion Trading Down 0.0%

Shares of Ingredion stock opened at $116.78 on Tuesday. The company has a 50-day moving average of $110.88 and a two-hundred day moving average of $119.05. Ingredion has a 12-month low of $102.31 and a 12-month high of $141.78. The company has a current ratio of 2.75, a quick ratio of 1.79 and a debt-to-equity ratio of 0.41. The stock has a market cap of $7.42 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 0.93 and a beta of 0.72.

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

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Friday, January 2nd were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, January 2nd. Ingredion’s dividend payout ratio is 32.70%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in INGR. Integrated Wealth Concepts LLC lifted its holdings in shares of Ingredion by 32.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company’s stock worth $281,000 after acquiring an additional 514 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Ingredion by 63.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,694 shares of the company’s stock worth $499,000 after acquiring an additional 1,440 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Ingredion by 9.0% during the 1st quarter. NewEdge Advisors LLC now owns 9,687 shares of the company’s stock valued at $1,310,000 after purchasing an additional 797 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Ingredion by 5.5% during the first quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company’s stock worth $13,712,000 after acquiring an additional 5,255 shares during the last quarter. Finally, Focus Partners Wealth grew its stake in Ingredion by 5.6% during the 1st quarter. Focus Partners Wealth now owns 3,636 shares of the company’s stock valued at $492,000 after purchasing an additional 192 shares in the last quarter. Hedge funds and other 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.