Ingredion Incorporated (INGR) To Go Ex-Dividend on July 1st

Ingredion Incorporated (NYSE:INGR) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Wednesday, July 1st will be given a dividend of 0.82 per share on Tuesday, July 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Wednesday, July 1st.

Ingredion has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 14 years. Ingredion has a payout ratio of 27.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Ingredion to earn $11.74 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 27.9%.

Ingredion Price Performance

NYSE INGR opened at $97.47 on Monday. The stock has a 50-day simple moving average of $104.26 and a 200 day simple moving average of $110.51. Ingredion has a twelve month low of $96.56 and a twelve month high of $138.40. The stock has a market capitalization of $6.15 billion, a PE ratio of 9.39, a P/E/G ratio of 0.82 and a beta of 0.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 2.76.

Ingredion (NYSE:INGR) last released its 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 during the quarter, compared to analyst estimates of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business earned $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Research analysts anticipate that Ingredion will post 10.88 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on INGR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research report on Wednesday. Benchmark reissued a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Oppenheimer lowered shares of Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. UBS Group restated a “neutral” rating and set a $114.00 price objective on shares of Ingredion in a report on Thursday, May 7th. Finally, Zacks Research lowered shares of Ingredion from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. 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. Based on data from MarketBeat.com, Ingredion has a consensus rating of “Hold” and an average target price of $122.43.

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.