Ingredion (NYSE:INGR) Now Covered by Benchmark

Benchmark started coverage on shares of Ingredion (NYSE:INGR) in a research note published on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $130.00 price target on the stock.

Several other equities analysts have also recently issued reports on the company. Stephens reaffirmed an “equal weight” rating and issued a $120.00 price objective on shares of Ingredion in a research report on Wednesday, February 4th. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Jefferies Financial Group reiterated a “hold” rating on shares of Ingredion in a research report on Wednesday, February 4th. BMO Capital Markets reiterated a “market perform” rating on shares of Ingredion in a research report on Wednesday, February 4th. Finally, Barclays increased their target price on Ingredion from $124.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $126.43.

Ingredion Trading Up 1.1%

Shares of INGR opened at $113.24 on Tuesday. The company has a quick ratio of 1.73, a current ratio of 2.66 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $7.13 billion, a P/E ratio of 10.15, a PEG ratio of 0.88 and a beta of 0.69. Ingredion has a twelve month low of $102.31 and a twelve month high of $141.78. The firm has a fifty day simple moving average of $115.88 and a two-hundred day simple moving average of $115.64.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate 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 net margin of 10.10% and a return on equity of 17.32%. The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.63 EPS. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. On average, research analysts anticipate that Ingredion will post 11.14 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Larry Fernandes sold 1,125 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was 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 of the company’s stock, valued at approximately $3,556,406.70. The trade was a 3.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James P. Zallie sold 9,958 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were 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 approximately $3,847,432.05. This trade represents a 23.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 48,310 shares of company stock valued at $5,741,733. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ingredion

Several institutional investors have recently modified their holdings of INGR. WPG Advisers LLC grew its holdings in Ingredion by 100.8% during the 3rd 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 Ingredion during the fourth quarter worth approximately $30,000. Root Financial Partners LLC purchased a new position in shares of Ingredion in the 3rd quarter worth $36,000. Los Angeles Capital Management LLC purchased a new position in shares of Ingredion in the 4th quarter worth about $36,000. Finally, Capital Advisors Ltd. LLC raised its holdings in Ingredion by 40.5% in the fourth quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock valued at $39,000 after buying an additional 102 shares during the period. 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.