Ingredion (NYSE:INGR) Price Target Raised to $108.00

Ingredion (NYSE:INGR) had its price target increased by UBS Group from $104.00 to $108.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also recently issued research reports about the company. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Oppenheimer lowered shares of Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Weiss Ratings cut shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Barclays reduced their price objective on Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Benchmark reissued a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Ingredion currently has a consensus rating of “Hold” and an average target price of $121.29.

Ingredion Trading Up 1.3%

Shares of Ingredion stock opened at $104.24 on Wednesday. Ingredion has a 12-month low of $94.44 and a 12-month high of $130.48. The stock has a market capitalization of $6.57 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 0.88 and a beta of 0.62. The company has a 50-day simple moving average of $99.98 and a 200 day simple moving average of $108.10. The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.39.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.11. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the business earned $2.87 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Research analysts expect that Ingredion will post 10.6 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, July 1st. Ingredion’s dividend payout ratio is presently 35.77%.

Insiders Place Their Bets

In other news, Director David B. Fischer sold 1,662 shares of Ingredion stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total transaction of $170,039.22. Following the transaction, the director directly owned 19,930 shares of the company’s stock, valued at $2,039,038.30. This trade represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ingredion

Several large investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC lifted its position in Ingredion by 32.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company’s stock valued at $281,000 after acquiring an additional 514 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Ingredion by 63.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,694 shares of the company’s stock worth $499,000 after buying an additional 1,440 shares in the last quarter. NewEdge Advisors LLC raised its position in Ingredion by 9.0% in the 1st quarter. NewEdge Advisors LLC now owns 9,687 shares of the company’s stock valued at $1,310,000 after buying an additional 797 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Ingredion by 5.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company’s stock valued at $13,712,000 after buying an additional 5,255 shares during the last quarter. Finally, Focus Partners Wealth lifted its stake in Ingredion by 5.6% in the 1st quarter. Focus Partners Wealth now owns 3,636 shares of the company’s stock valued at $492,000 after acquiring an additional 192 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors.

About Ingredion

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.