Analysts Set Ingredion Incorporated (NYSE:INGR) PT at $121.29

Shares of Ingredion Incorporated (NYSE:INGR) have been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $121.2857.

A number of brokerages have recently weighed in on INGR. Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Barclays decreased their target price on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. UBS Group lifted their price target on shares of Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Oppenheimer downgraded shares of Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th.

Ingredion Price Performance

INGR stock opened at $103.58 on Friday. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 0.90 and a beta of 0.62. The firm’s 50-day moving average price is $100.44 and its two-hundred day moving average price is $107.56. The company has a current ratio of 2.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.39. Ingredion has a 12-month low of $94.44 and a 12-month high of $130.48.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.11. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the firm earned $2.87 earnings per share. Ingredion’s quarterly revenue was up .9% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, equities analysts predict that Ingredion will post 10.6 earnings per share for the current year.

Ingredion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.2%. Ingredion’s payout ratio is presently 35.77%.

Insider Buying and Selling at Ingredion

In related news, Director David B. Fischer sold 1,662 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total transaction of $170,039.22. Following the transaction, the director owned 19,930 shares in the company, valued at $2,039,038.30. The trade was a 7.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Trading of Ingredion

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in shares of Ingredion during the 4th quarter worth approximately $30,000. GHP Investment Advisors Inc. purchased a new position in shares of Ingredion in the 1st quarter valued at approximately $33,000. Bell Investment Advisors Inc purchased a new position in shares of Ingredion in the 2nd quarter valued at approximately $34,000. Los Angeles Capital Management LLC bought a new stake in shares of Ingredion during the fourth quarter valued at approximately $36,000. Finally, Root Financial Partners LLC boosted its position in shares of Ingredion by 83.7% during the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock valued at $42,000 after purchasing an additional 169 shares in the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

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.