Oppenheimer Has Lowered Expectations for Ingredion (NYSE:INGR) Stock Price

Ingredion (NYSE:INGR) had its price target reduced by research analysts at Oppenheimer from $130.00 to $126.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price target would suggest a potential upside of 11.57% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Barclays raised their price target on shares of Ingredion from $124.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. UBS Group decreased their price objective on shares of Ingredion from $124.00 to $122.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Jefferies Financial Group reiterated a “hold” rating on shares of Ingredion in a research report on Wednesday, February 4th. Stephens reiterated an “equal weight” rating and set a $120.00 price objective on shares of Ingredion in a research report on Wednesday, February 4th. Finally, Wall Street Zen cut shares of Ingredion from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $124.71.

Ingredion Price Performance

INGR stock opened at $112.94 on Wednesday. The company has a fifty day moving average price of $113.77 and a 200-day moving average price of $113.55. The company has a market capitalization of $7.12 billion, a P/E ratio of 10.12, a PEG ratio of 0.89 and a beta of 0.70. Ingredion has a 52-week low of $102.31 and a 52-week high of $141.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.73 and a current ratio of 2.66.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.59 by ($0.06). The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.78 billion. Ingredion had a net margin of 10.10% and a return on equity of 17.32%. Ingredion’s revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.63 EPS. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, equities analysts expect that Ingredion will post 11.52 EPS for the current year.

Insiders Place Their Bets

In other Ingredion news, SVP Larry Fernandes sold 1,125 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total value of $131,118.75. Following the completion of the sale, the senior vice president directly owned 30,514 shares in the company, valued at approximately $3,556,406.70. This trade represents a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James P. Zallie sold 9,958 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $116.55, for a total transaction of $1,160,604.90. Following the completion of the sale, the chief executive officer owned 33,011 shares of the company’s stock, valued at $3,847,432.05. The trade was a 23.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 48,686 shares of company stock worth $5,784,010. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. WPG Advisers LLC grew its holdings in shares of Ingredion by 100.8% during the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock valued at $30,000 after buying an additional 123 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Ingredion during the fourth quarter valued at about $30,000. GHP Investment Advisors Inc. acquired a new position in shares of Ingredion during the first quarter valued at about $33,000. Root Financial Partners LLC acquired a new position in shares of Ingredion during the third quarter valued at about $36,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Ingredion during the fourth quarter valued at about $36,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

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.