Ingredion (NYSE:INGR) Rating Lowered to “Hold” at Wall Street Zen

Ingredion (NYSE:INGR) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other analysts also recently weighed in on INGR. UBS Group dropped their price target on Ingredion from $144.00 to $130.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Ingredion in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $147.20.

Ingredion Stock Up 0.2%

Ingredion stock opened at $119.78 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 2.78. The business’s 50-day simple moving average is $125.08 and its two-hundred day simple moving average is $131.30. The company has a market cap of $7.69 billion, a PE ratio of 11.69, a PEG ratio of 0.95 and a beta of 0.74. Ingredion has a fifty-two week low of $119.31 and a fifty-two week high of $155.44.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.09. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.89 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.87 EPS. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Equities analysts anticipate that Ingredion will post 11.14 EPS for the current year.

Insider Transactions at Ingredion

In related news, SVP Larry Fernandes sold 850 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $128.39, for a total value of $109,131.50. Following the completion of the transaction, the senior vice president owned 31,171 shares of the company’s stock, valued at approximately $4,002,044.69. This represents a 2.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James P. Zallie sold 36,287 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $126.52, for a total value of $4,591,031.24. Following the completion of the transaction, the chief executive officer directly owned 50,129 shares of the company’s stock, valued at $6,342,321.08. The trade was a 41.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,137 shares of company stock valued at $4,700,163 in the last ninety days. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ingredion

Large investors have recently bought and sold shares of the business. Jump Financial LLC raised its holdings in Ingredion by 474.2% in the 1st quarter. Jump Financial LLC now owns 11,501 shares of the company’s stock worth $1,555,000 after purchasing an additional 9,498 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Ingredion during the first quarter valued at approximately $646,000. Jupiter Asset Management Ltd. raised its holdings in shares of Ingredion by 38.2% during the first quarter. Jupiter Asset Management Ltd. now owns 342,190 shares of the company’s stock valued at $46,268,000 after acquiring an additional 94,575 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of Ingredion by 8.4% during the first quarter. Brown Advisory Inc. now owns 2,318 shares of the company’s stock valued at $313,000 after acquiring an additional 180 shares during the last quarter. Finally, Transcend Capital Advisors LLC raised its holdings in shares of Ingredion by 156.7% during the first quarter. Transcend Capital Advisors LLC now owns 11,086 shares of the company’s stock valued at $1,499,000 after acquiring an additional 6,768 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Company Profile

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.