Ingredion Incorporated (NYSE:INGR) Receives $124.33 Average Target Price from Analysts

Shares of Ingredion Incorporated (NYSE:INGR) have been assigned an average rating of “Hold” from the seven analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $124.3333.

INGR has been the topic of several research analyst reports. Stephens lowered their target price on Ingredion from $140.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Wall Street Zen cut shares of Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Zacks Research lowered shares of Ingredion from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Barclays reissued an “equal weight” rating and set a $124.00 target price (down previously from $168.00) on shares of Ingredion in a research note on Thursday, November 6th. Finally, Industrial Alliance Securities set a $124.00 price target on shares of Ingredion in a research note on Thursday, November 6th.

Ingredion Stock Up 0.1%

Shares of NYSE:INGR opened at $107.80 on Thursday. 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 company has a market cap of $6.85 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 0.95 and a beta of 0.72. Ingredion has a 52 week low of $102.31 and a 52 week high of $150.00. The firm has a 50 day simple moving average of $118.78 and a 200 day simple moving average of $128.60.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.02. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Ingredion had a net margin of 9.24% and a return on equity of 19.04%. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. As a group, research analysts expect that Ingredion will post 11.14 earnings per share for the current year.

Ingredion Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Wednesday, October 1st were issued a $0.82 dividend. This is an increase from Ingredion’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $3.28 dividend on an annualized basis and a yield of 3.0%. Ingredion’s payout ratio is 32.70%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of INGR. Schonfeld Strategic Advisors LLC lifted its position in shares of Ingredion by 119.8% during the third quarter. Schonfeld Strategic Advisors LLC now owns 56,388 shares of the company’s stock worth $6,886,000 after purchasing an additional 30,731 shares in the last quarter. Creative Planning increased its position in shares of Ingredion by 114.8% in the 3rd quarter. Creative Planning now owns 30,102 shares of the company’s stock valued at $3,676,000 after buying an additional 16,087 shares in the last quarter. Lazard Asset Management LLC raised its stake in Ingredion by 88.3% during the 3rd quarter. Lazard Asset Management LLC now owns 88,486 shares of the company’s stock worth $10,805,000 after buying an additional 41,493 shares during the period. AQR Capital Management LLC increased its stake in Ingredion by 143.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock worth $144,685,000 after purchasing an additional 701,063 shares in the last quarter. Finally, Credit Agricole S A acquired a new stake in shares of Ingredion during the third quarter worth $1,095,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

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.