Ingredion (NYSE:INGR) Upgraded at Zacks Research

Zacks Research upgraded shares of Ingredion (NYSE:INGR) from a strong sell rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Several other analysts have also issued reports on INGR. Barclays cut their price target on Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Weiss Ratings downgraded Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. UBS Group reaffirmed a “neutral” rating and set a $114.00 price objective on shares of Ingredion in a research report on Thursday, May 7th. Benchmark reiterated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Finally, Oppenheimer lowered shares of Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $122.43.

Ingredion Trading Up 3.0%

Shares of Ingredion stock opened at $102.15 on Tuesday. The company’s fifty day simple moving average is $100.39 and its 200-day simple moving average is $109.24. The stock has a market capitalization of $6.44 billion, a PE ratio of 9.84, a P/E/G ratio of 0.83 and a beta of 0.62. Ingredion has a 1-year low of $94.44 and a 1-year high of $135.90. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.76 and a quick ratio of 1.83.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the firm earned $2.97 EPS. The company’s revenue was down 1.2% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, equities analysts anticipate that Ingredion will post 10.88 earnings per share for the current year.

Ingredion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, July 1st. Ingredion’s dividend payout ratio is presently 31.60%.

Institutional Investors Weigh In On Ingredion

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Wealth Advisors LLC boosted its stake in shares of Ingredion by 4.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,221 shares of the company’s stock worth $250,000 after acquiring an additional 88 shares during the period. Vista Investment Management raised its stake in Ingredion by 0.8% during the 2nd quarter. Vista Investment Management now owns 10,789 shares of the company’s stock valued at $1,463,000 after purchasing an additional 89 shares during the period. PNC Financial Services Group Inc. raised its stake in Ingredion by 0.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company’s stock valued at $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 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock worth $309,000 after purchasing an additional 92 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC lifted its holdings in Ingredion by 1.2% in the 4th 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 in the last quarter. 85.27% of the stock is owned by institutional investors.

About Ingredion

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.