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 eight brokerages that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $125.8333.

A number of brokerages recently issued reports on INGR. BMO Capital Markets restated a “market perform” rating on shares of Ingredion in a research report on Wednesday, February 4th. Jefferies Financial Group reissued a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. Barclays raised their target price on shares of Ingredion from $124.00 to $128.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. Wall Street Zen downgraded shares of Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Stephens restated an “equal weight” rating and issued a $120.00 price target on shares of Ingredion in a report on Wednesday, February 4th.

Ingredion Stock Up 0.4%

Shares of NYSE:INGR opened at $117.00 on Friday. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.93 and a beta of 0.71. Ingredion has a 12 month low of $102.31 and a 12 month high of $141.78. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $114.74 and a 200 day moving average price of $117.30.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Ingredion had a net margin of 10.10% and a return on equity of 17.32%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the company earned $2.63 earnings per share. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, equities research analysts predict that Ingredion will post 11.14 earnings per share for the current year.

Ingredion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Friday, January 2nd were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, January 2nd. Ingredion’s dividend payout ratio is presently 29.39%.

Insider Activity

In other news, CEO James P. Zallie sold 33,597 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $119.66, for a total value of $4,020,217.02. Following the completion of the sale, the chief executive officer owned 50,167 shares of the company’s stock, valued at approximately $6,002,983.22. This represents a 40.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Larry Fernandes sold 3,630 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $118.40, for a total transaction of $429,792.00. Following the transaction, the senior vice president owned 32,055 shares in the company, valued at approximately $3,795,312. This represents a 10.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 48,311 shares of company stock worth $5,741,840. 2.30% of the stock is owned by company insiders.

Institutional Trading of Ingredion

Hedge funds have recently bought and sold shares of the stock. WPG Advisers LLC increased its holdings in shares of Ingredion by 100.8% in the 3rd quarter. WPG Advisers LLC now owns 245 shares of the company’s stock valued at $30,000 after acquiring an additional 123 shares during the period. International Assets Investment Management LLC bought a new stake in Ingredion during the fourth quarter valued at about $30,000. Hantz Financial Services Inc. boosted its position in Ingredion by 810.7% during the second quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 227 shares in the last quarter. Root Financial Partners LLC purchased a new position in Ingredion in the third quarter valued at about $36,000. Finally, Los Angeles Capital Management LLC bought a new position in Ingredion in the fourth quarter worth about $36,000. 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.