Ingredion (NYSE:INGR) Hits New 12-Month Low – Here’s Why

Ingredion Incorporated (NYSE:INGR) reached a new 52-week low on Thursday. The company traded as low as $94.03 and last traded at $94.1370, with a volume of 95562 shares. The stock had previously closed at $95.81.

Analyst Ratings Changes

INGR has been the topic of several research analyst reports. Oppenheimer lowered Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Barclays reduced their target price on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 5th. Weiss Ratings upgraded Ingredion from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. UBS Group boosted their price target on shares of Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, Benchmark restated a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Ingredion currently has an average rating of “Hold” and a consensus price target of $121.29.

Ingredion Price Performance

The company has a 50-day moving average of $101.66 and a 200 day moving average of $104.04. The company has a quick ratio of 1.92, a current ratio of 2.80 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $5.94 billion, a PE ratio of 10.28, a PEG ratio of 0.81 and a beta of 0.62.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.83 billion. During the same quarter last year, the firm posted $2.87 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Sell-side analysts predict that Ingredion Incorporated will post 10.76 EPS for the current year.

Ingredion Increases Dividend

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

Insider Transactions at Ingredion

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

Institutional Investors Weigh In On Ingredion

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Ingredion in the second quarter valued at approximately $618,834,000. Dimensional Fund Advisors LP boosted its stake in Ingredion by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,115,136 shares of the company’s stock worth $350,952,000 after buying an additional 175,600 shares during the last quarter. First Trust Advisors LP grew its holdings in Ingredion by 53.1% in the 1st quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock valued at $344,080,000 after buying an additional 1,059,324 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Ingredion by 46.9% in the 1st quarter. Quantinno Capital Management LP now owns 930,771 shares of the company’s stock valued at $104,861,000 after buying an additional 297,007 shares in the last quarter. Finally, Equity Investment Corp increased its stake in shares of Ingredion by 2.4% in the 4th quarter. Equity Investment Corp now owns 789,939 shares of the company’s stock worth $87,099,000 after acquiring an additional 18,569 shares during the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

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.