UBS Group Cuts Ingredion (NYSE:INGR) Price Target to $122.00

Ingredion (NYSE:INGR) had its price objective reduced by UBS Group from $124.00 to $122.00 in a research note released on Thursday morning, MarketBeat.com reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a report on Friday, March 27th. Stephens reaffirmed an “equal weight” rating and issued a $120.00 price objective on shares of Ingredion in a report on Wednesday, February 4th. Barclays lifted their price objective 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. Jefferies Financial Group reaffirmed a “hold” rating on shares of Ingredion in a report on Wednesday, February 4th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Ingredion in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Ingredion presently has a consensus rating of “Hold” and a consensus target price of $126.14.

Ingredion Stock Down 0.1%

Shares of NYSE:INGR opened at $114.78 on Thursday. 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 fifty day simple moving average of $114.77 and a 200 day simple moving average of $113.98. The firm has a market cap of $7.24 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 0.90 and a beta of 0.70. Ingredion has a 12-month low of $102.31 and a 12-month high of $141.78.

Ingredion (NYSE:INGR) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.78 billion. Ingredion had a return on equity of 17.32% and a net margin of 10.10%.The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.63 EPS. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. On average, equities research analysts anticipate that Ingredion will post 11.14 EPS for the current fiscal year.

Ingredion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $3.28 annualized dividend and a dividend yield of 2.9%. Ingredion’s payout ratio is 29.39%.

Insider Activity

In other news, SVP Larry Fernandes sold 3,630 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president owned 32,055 shares of the company’s stock, valued at approximately $3,795,312. The trade was a 10.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO James P. Zallie sold 33,597 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $119.66, for a total transaction of $4,020,217.02. Following the transaction, the chief executive officer directly owned 50,167 shares of the company’s stock, valued at approximately $6,002,983.22. This trade represents a 40.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 48,686 shares of company stock valued at $5,784,010. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ingredion

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vista Investment Management boosted its holdings in shares of Ingredion by 0.8% during the second quarter. Vista Investment Management now owns 10,789 shares of the company’s stock valued at $1,463,000 after acquiring an additional 89 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Ingredion by 0.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company’s stock worth $2,789,000 after purchasing an additional 91 shares during the period. Teza Capital Management LLC lifted its holdings in Ingredion by 4.2% in the second quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock worth $309,000 after purchasing an additional 92 shares during the period. Truist Financial Corp lifted its holdings in Ingredion by 1.8% in the third quarter. Truist Financial Corp now owns 5,318 shares of the company’s stock worth $649,000 after purchasing an additional 93 shares during the period. Finally, Murphy Pohlad Asset Management LLC lifted its holdings in Ingredion by 1.2% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 8,340 shares of the company’s stock worth $920,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds 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.