Ingredion Incorporated (NYSE:INGR) Stock Now Rated “Hold” by Sell-Side Brokerages

Ingredion Incorporated (NYSE:INGR) has been given a consensus rating of “Hold” by the nine analysts that are presently covering the stock, 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 twelve-month target price among brokers that have covered the stock in the last year is $120.71.

Several research firms have issued reports on INGR. Weiss Ratings upgraded shares of Ingredion from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Barclays decreased their price target on shares of Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 5th. Finally, UBS Group dropped their price objective on Ingredion from $108.00 to $104.00 and set a “neutral” rating for the company in a research note on Monday.

Insider Activity

In other news, Director David Fischer sold 1,662 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was 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. The trade was a 7.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ingredion

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Ingredion in the 2nd quarter worth $618,834,000. First Trust Advisors LP lifted its holdings in shares of Ingredion by 53.1% during the 1st quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock worth $344,080,000 after acquiring an additional 1,059,324 shares during the last quarter. Equity Investment Corp bought a new stake in shares of Ingredion during the 2nd quarter worth $82,499,000. Norges Bank purchased a new position in Ingredion in the fourth quarter worth $85,310,000. Finally, Caisse de depot et placement du Quebec purchased a new position in Ingredion in the second quarter worth $61,704,000. 85.27% of the stock is owned by hedge funds and other institutional investors.

Ingredion Price Performance

Shares of NYSE INGR opened at $95.09 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.92 and a current ratio of 2.80. Ingredion has a fifty-two week low of $93.97 and a fifty-two week high of $123.49. The stock has a market cap of $6.00 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 0.80 and a beta of 0.65. The stock has a fifty day moving average of $100.97 and a 200-day moving average of $103.36.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.11. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Equities research analysts anticipate that Ingredion will post 10.76 earnings per share for the current year.

Ingredion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Thursday, October 1st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, October 1st. This is an increase from Ingredion’s previous quarterly dividend of $0.82. Ingredion’s payout ratio is 36.21%.

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.