Ingredion (NYSE:INGR) Reaches New 12-Month Low – Here’s What Happened

Shares of Ingredion Incorporated (NYSE:INGR) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $97.08 and last traded at $97.0450, with a volume of 57215 shares trading hands. The stock had previously closed at $97.93.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on INGR shares. Zacks Research lowered Ingredion from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Barclays cut their target price on Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Benchmark reiterated a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a research report on Friday, March 27th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $114.00 price objective on shares of Ingredion in a research report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ingredion presently has a consensus rating of “Hold” and a consensus target price of $122.43.

Ingredion Trading Up 0.2%

The company has a 50 day simple moving average of $105.88 and a two-hundred day simple moving average of $110.87. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 2.76. The firm has a market cap of $6.19 billion, a PE ratio of 9.44, a P/E/G ratio of 0.82 and a beta of 0.60.

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 analysts’ consensus estimates of $2.44 by ($0.10). The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.97 earnings per share. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Analysts expect that Ingredion Incorporated will post 10.88 EPS for the current fiscal year.

Ingredion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, July 1st. Ingredion’s payout ratio is currently 31.60%.

Institutional Trading of Ingredion

A number of institutional investors and hedge funds have recently made changes to their positions in INGR. International Assets Investment Management LLC acquired a new stake in Ingredion in the 4th quarter valued at $30,000. GHP Investment Advisors Inc. purchased a new position in Ingredion during the first quarter valued at $33,000. Los Angeles Capital Management LLC purchased a new position in Ingredion during the fourth quarter valued at $36,000. Capital Advisors Ltd. LLC grew its position in shares of Ingredion by 40.5% in the fourth quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock valued at $39,000 after purchasing an additional 102 shares during the period. Finally, Root Financial Partners LLC increased its stake in shares of Ingredion by 83.7% during the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock worth $42,000 after purchasing an additional 169 shares in the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

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.