Analysts Set Ingredion Incorporated (NYSE:INGR) PT at $152.20

Ingredion Incorporated (NYSE:INGR) has been assigned a consensus rating of “Hold” from the five analysts that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $152.20.

Several research analysts recently commented on the company. UBS Group set a $155.00 price target on Ingredion in a research report on Tuesday, April 22nd. Wall Street Zen raised Ingredion from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 19th. BMO Capital Markets dropped their target price on Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Oppenheimer decreased their price target on Ingredion from $167.00 to $155.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Finally, Stephens lowered their price target on Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th.

Insider Activity

In other news, SVP Larry Fernandes sold 2,400 shares of the business’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $135.82, for a total transaction of $325,968.00. Following the completion of the sale, the senior vice president now directly owns 31,996 shares of the company’s stock, valued at approximately $4,345,696.72. The trade was a 6.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in INGR. BOK Financial Private Wealth Inc. bought a new position in Ingredion in the 4th quarter worth about $25,000. Alpine Bank Wealth Management purchased a new position in Ingredion during the 1st quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Ingredion during the 4th quarter worth $27,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Ingredion by 653.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company’s stock valued at $31,000 after purchasing an additional 196 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Ingredion in the 1st quarter worth $32,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Stock Down 0.3%

NYSE INGR opened at $136.89 on Thursday. The stock has a 50 day moving average price of $133.03 and a 200-day moving average price of $135.43. Ingredion has a one year low of $111.54 and a one year high of $155.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.62. The company has a market capitalization of $8.80 billion, a P/E ratio of 14.10, a P/E/G ratio of 1.03 and a beta of 0.73.

Ingredion (NYSE:INGR) last released its quarterly earnings data on Tuesday, May 6th. The company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.44 by $0.53. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business earned $2.08 earnings per share. Ingredion’s quarterly revenue was down 3.7% compared to the same quarter last year. As a group, equities analysts predict that Ingredion will post 11.14 EPS for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.80 per share. The ex-dividend date is Tuesday, July 1st. This represents a $3.20 annualized dividend and a dividend yield of 2.34%. Ingredion’s dividend payout ratio (DPR) is presently 33.76%.

About Ingredion

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.