Ingredion (NYSE:INGR) Reaches New 52-Week Low Following Analyst Downgrade

Shares of Ingredion Incorporated (NYSE:INGR) hit a new 52-week low during trading on Tuesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The company traded as low as $99.75 and last traded at $101.75, with a volume of 37232 shares trading hands. The stock had previously closed at $101.42.

A number of other analysts have also recently commented on INGR. Wall Street Zen cut shares of Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. UBS Group reiterated a “neutral” rating and issued a $114.00 price target on shares of Ingredion in a research note on Thursday, May 7th. Jefferies Financial Group reissued a “hold” rating on shares of Ingredion in a research report on Wednesday, February 4th. Oppenheimer dropped their price objective on shares of Ingredion from $130.00 to $126.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 22nd. Finally, Benchmark began coverage on shares of Ingredion in a research report on Tuesday, March 17th. They issued a “buy” rating and a $130.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ingredion presently has a consensus rating of “Hold” and a consensus price target of $122.43.

Insider Buying and Selling

In related news, VP Davida Marie Gable sold 375 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total transaction of $42,165.00. Following the transaction, the vice president directly owned 7,110 shares of the company’s stock, valued at approximately $799,448.40. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ingredion

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in Ingredion in the 4th quarter valued at about $30,000. GHP Investment Advisors Inc. bought a new position in Ingredion in the 1st quarter valued at about $33,000. Root Financial Partners LLC bought a new position in Ingredion in the 3rd quarter valued at about $36,000. Los Angeles Capital Management LLC bought a new position in Ingredion in the 4th quarter valued at about $36,000. Finally, Capital Advisors Ltd. LLC increased its holdings in Ingredion by 40.5% in the 4th 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. 85.27% of the stock is owned by institutional investors.

Ingredion Trading Up 0.3%

The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 9.69, a P/E/G ratio of 0.84 and a beta of 0.64. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.76 and a quick ratio of 1.83. The firm’s 50-day simple moving average is $110.60 and its 200 day simple moving average is $111.95.

Ingredion (NYSE:INGR) last issued its earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Equities analysts expect that Ingredion Incorporated will post 10.88 earnings per share for the current year.

Ingredion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Wednesday, April 1st were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, April 1st. Ingredion’s dividend payout ratio (DPR) is currently 31.60%.

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.