Headlines about Ingredion (NYSE:INGR) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ingredion earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.8003600652347 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s scoring:
- Dietary fibers Market Growth, Trends, and Forecasts (2016–2021) (emailwire.com)
- INGREDION TO APPOINT ELIZABETH ADEFIOYE SENIOR VICE PRESIDENT AND CHIEF HUMAN RESOURCES OFFICER (finance.yahoo.com)
- Millennium Management Has Lifted Prudential Finl (PRU) Holding; 4 Analysts Are Bullish Ingredion (INGR) Last Week – Hill Country Times (hillcountrytimes.com)
- Critical Survey: Ingredion (INGR) vs. General Mills (GIS) (americanbankingnews.com)
- Global Food Coating Ingredients Market Share: Tate & Lyle Plc., Kerry Group PLC, Ashland Inc, Cargill Incorporated (topexaminer.com)
Several equities analysts have recently commented on the company. Zacks Investment Research downgraded Ingredion from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Stephens upgraded Ingredion from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, November 15th. BidaskClub upgraded Ingredion from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Jefferies Group set a $145.00 price target on Ingredion and gave the company a “buy” rating in a research note on Sunday, October 29th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $145.00 price target (up from $140.00) on shares of Ingredion in a research note on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $140.00.
Ingredion (NYSE:INGR) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.17. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Ingredion had a return on equity of 20.92% and a net margin of 8.73%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 earnings per share. equities research analysts predict that Ingredion will post 7.73 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Tuesday, January 2nd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, December 29th. Ingredion’s dividend payout ratio (DPR) is currently 34.33%.
In related news, SVP Jorgen Kokke sold 20,674 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $133.00, for a total value of $2,749,642.00. Following the completion of the sale, the senior vice president now directly owns 23,119 shares in the company, valued at $3,074,827. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.92% of the company’s stock.
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Ingredion Company Profile
Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.
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