Brokerages Set Ingredion Incorporated (NYSE:INGR) Price Target at $124.33

Ingredion Incorporated (NYSE:INGR) has received a consensus rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $124.3333.

Several research firms recently commented on INGR. Oppenheimer set a $136.00 target price on shares of Ingredion in a research note on Wednesday, October 22nd. Wall Street Zen raised shares of Ingredion from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Stephens reduced their target price on shares of Ingredion from $140.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 29th. Finally, Industrial Alliance Securities set a $124.00 price target on Ingredion in a report on Thursday, November 6th.

Institutional Investors Weigh In On Ingredion

Several institutional investors and hedge funds have recently bought and sold shares of INGR. Fulton Bank N.A. increased its stake in Ingredion by 8.9% in the fourth quarter. Fulton Bank N.A. now owns 1,950 shares of the company’s stock valued at $215,000 after acquiring an additional 160 shares during the period. True Wealth Design LLC grew its stake in shares of Ingredion by 22.5% in the 4th quarter. True Wealth Design LLC now owns 544 shares of the company’s stock valued at $60,000 after purchasing an additional 100 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Ingredion by 21.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,953 shares of the company’s stock valued at $3,122,000 after purchasing an additional 4,895 shares during the period. Avior Wealth Management LLC raised its holdings in shares of Ingredion by 23.5% in the 4th quarter. Avior Wealth Management LLC now owns 5,200 shares of the company’s stock worth $573,000 after buying an additional 990 shares in the last quarter. Finally, Martin Capital Partners LLC lifted its position in shares of Ingredion by 5.4% during the 4th quarter. Martin Capital Partners LLC now owns 5,124 shares of the company’s stock worth $565,000 after buying an additional 264 shares during the period. Institutional investors own 85.27% of the company’s stock.

Ingredion Stock Performance

Shares of INGR opened at $112.99 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.75 and a quick ratio of 1.79. Ingredion has a one year low of $102.31 and a one year high of $141.78. The company’s fifty day moving average price is $109.39 and its 200 day moving average price is $121.09. The company has a market capitalization of $7.18 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 0.88 and a beta of 0.72.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.02. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.90 billion. Ingredion had a return on equity of 18.14% and a net margin of 9.07%.Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. As a group, analysts expect that Ingredion will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Friday, January 2nd will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, January 2nd. Ingredion’s dividend payout ratio (DPR) is 32.70%.

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.