Ingredion (NYSE:INGR) Stock Price Breaks Below 200-Day Moving Average – Time to Sell?

Shares of Ingredion Incorporated (NYSE:INGR) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $104.04 and traded as low as $95.62. Ingredion shares last traded at $95.7880, with a volume of 626,121 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on INGR. Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Barclays decreased their target price on Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 5th. UBS Group increased their target price on shares of Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Benchmark restated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Finally, Weiss Ratings raised shares of Ingredion from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $121.29.

Ingredion Stock Performance

The company has a market cap of $6.01 billion, a price-to-earnings ratio of 10.43, a P/E/G ratio of 0.81 and a beta of 0.65. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.92 and a current ratio of 2.80. The company has a fifty day moving average of $101.56 and a two-hundred day moving average of $103.91.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, beating 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 firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the company earned $2.87 earnings per share. The business’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. Equities research analysts anticipate that Ingredion Incorporated will post 10.76 EPS for the current year.

Ingredion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Thursday, October 1st. This is a positive change from Ingredion’s previous quarterly dividend of $0.82. Ingredion’s payout ratio is presently 35.77%.

Insider Transactions at Ingredion

In other news, Director David Fischer sold 1,662 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total transaction of $170,039.22. Following the completion of the transaction, the director owned 19,930 shares of the company’s stock, valued at approximately $2,039,038.30. This trade represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Ingredion

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GHP Investment Advisors Inc. bought a new stake in shares of Ingredion in the 1st quarter valued at about $33,000. Bell Investment Advisors Inc bought a new position in shares of Ingredion during the second quarter worth about $34,000. Root Financial Partners LLC lifted its stake in shares of Ingredion by 83.7% in the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock worth $42,000 after acquiring an additional 169 shares during the period. Continuum Advisory LLC acquired a new position in shares of Ingredion in the second quarter worth approximately $43,000. Finally, Cedar Mountain Advisors LLC bought a new stake in Ingredion in the first quarter valued at approximately $62,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

About Ingredion

Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions company that develops and produces plant-based ingredients for food, beverage, animal nutrition, brewing, and industrial applications. Its portfolio includes sweeteners, starches, fibers, texturizers, nutrition ingredients, and other specialty solutions designed to improve taste, texture, stability, nutrition, and functionality.

The company processes plant-based raw materials, including corn, tapioca, potato, rice, and stevia, into ingredients used in products such as baked goods, dairy and plant-based foods, beverages, confectionery, sauces, and personal care products.