Analysts Set Ingredion Incorporated (NYSE:INGR) Price Target at $123.57

Shares of Ingredion Incorporated (NYSE:INGR) have been given an average rating of “Hold” by the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $122.4286.

Several research firms have issued reports on INGR. UBS Group reaffirmed a “neutral” rating and issued a $114.00 price target on shares of Ingredion in a report on Thursday. Stephens reaffirmed an “equal weight” rating and issued a $120.00 price target on shares of Ingredion in a report on Wednesday, February 4th. Barclays dropped their price target on Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a report on Friday, March 27th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Ingredion in a report on Wednesday, February 4th.

Insider Buying and Selling at Ingredion

In other Ingredion news, CEO James P. Zallie sold 9,958 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total transaction of $1,160,604.90. Following the sale, the chief executive officer directly owned 33,011 shares of the company’s stock, valued at $3,847,432.05. The trade was a 23.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Larry Fernandes sold 1,125 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total transaction of $131,118.75. Following the sale, the senior vice president directly owned 30,514 shares in the company, valued at approximately $3,556,406.70. This trade represents a 3.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 48,686 shares of company stock valued at $5,784,010 in the last three months. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Ingredion

Large investors have recently added to or reduced their stakes in the company. WPG Advisers LLC grew its holdings in shares of Ingredion by 100.8% during the 3rd quarter. WPG Advisers LLC now owns 245 shares of the company’s stock valued at $30,000 after acquiring an additional 123 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Ingredion during the 4th quarter valued at $30,000. GHP Investment Advisors Inc. purchased a new position in shares of Ingredion during the 1st quarter valued at $33,000. Root Financial Partners LLC purchased a new position in shares of Ingredion during the 3rd quarter valued at $36,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Ingredion during the 4th quarter valued at $36,000. 85.27% of the stock is owned by institutional investors and hedge funds.

Ingredion Price Performance

NYSE INGR opened at $106.11 on Thursday. The stock has a market capitalization of $6.69 billion, a P/E ratio of 10.22, a P/E/G ratio of 0.87 and a beta of 0.64. Ingredion has a 1 year low of $100.71 and a 1 year high of $141.78. The business’s fifty day moving average is $112.29 and its two-hundred day moving average is $112.68. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 2.76.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.10). The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. Ingredion’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. On average, research analysts forecast that Ingredion will post 11.24 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Wednesday, April 1st were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, April 1st. Ingredion’s payout ratio is 31.60%.

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.