Ingredion Incorporated (NYSE:INGR) Receives Consensus Recommendation of “Hold” from Brokerages

Ingredion Incorporated (NYSE:INGR) has received a consensus rating of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $124.3333.

A number of equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. UBS Group dropped their price target on shares of Ingredion from $130.00 to $119.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Weiss Ratings downgraded shares of Ingredion from a “buy (b)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Zacks Research cut Ingredion from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Finally, Oppenheimer set a $136.00 price target on Ingredion in a report on Wednesday, October 22nd.

Ingredion Stock Performance

Shares of INGR opened at $106.95 on Thursday. The firm has a market capitalization of $6.79 billion, a P/E ratio of 10.43, a PEG ratio of 0.95 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.78 and a quick ratio of 1.81. Ingredion has a one year low of $102.31 and a one year high of $150.00. The business has a fifty day moving average of $117.58 and a 200 day moving average of $128.08.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, November 4th. The company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 19.04% and a net margin of 9.24%. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. As a group, sell-side analysts anticipate that Ingredion will post 11.14 EPS for the current year.

Ingredion Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Wednesday, October 1st were paid a dividend of $0.82 per share. This is a boost from Ingredion’s previous quarterly dividend of $0.80. The ex-dividend date was Wednesday, October 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.1%. Ingredion’s dividend payout ratio is presently 32.70%.

Institutional Investors Weigh In On Ingredion

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Ingredion by 0.3% in the second quarter. Vanguard Group Inc. now owns 7,266,873 shares of the company’s stock worth $985,533,000 after purchasing an additional 22,487 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ingredion by 4.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,762,402 shares of the company’s stock worth $337,311,000 after buying an additional 114,521 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Ingredion by 2.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,369,448 shares of the company’s stock worth $167,223,000 after buying an additional 29,433 shares in the last quarter. Snyder Capital Management L P raised its holdings in Ingredion by 22.0% during the third quarter. Snyder Capital Management L P now owns 1,323,847 shares of the company’s stock valued at $161,655,000 after acquiring an additional 238,420 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in shares of Ingredion by 42.9% in the first quarter. Allianz Asset Management GmbH now owns 1,204,347 shares of the company’s stock valued at $162,840,000 after acquiring an additional 361,584 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.