Analysts Set Ingredion Incorporated (NYSE:INGR) PT at $121.29

Ingredion Incorporated (NYSE:INGR) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $121.2857.

Several brokerages have issued reports on INGR. Weiss Ratings downgraded Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Benchmark restated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. UBS Group boosted their price target on Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Barclays dropped their target price on shares of Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th.

Insider Activity at Ingredion

In related news, Director David Fischer sold 1,662 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total value of $170,039.22. Following the sale, the director directly owned 19,930 shares in the company, valued at $2,039,038.30. This represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ingredion

Hedge funds have recently added to or reduced their stakes in the business. Amundi grew its stake in shares of Ingredion by 19.4% during the 1st quarter. Amundi now owns 142,282 shares of the company’s stock worth $16,029,000 after acquiring an additional 23,122 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Ingredion by 22,036.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock valued at $114,351,000 after purchasing an additional 1,032,421 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Ingredion in the 2nd quarter worth approximately $1,355,000. Cooke & Bieler LP increased its position in shares of Ingredion by 33.6% during the fourth quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock valued at $133,101,000 after buying an additional 303,807 shares during the period. Finally, ING Groep NV bought a new position in Ingredion in the fourth quarter worth $6,825,000. 85.27% of the stock is currently owned by institutional investors.

Ingredion Stock Up 0.5%

Shares of NYSE:INGR opened at $99.11 on Wednesday. The firm has a market cap of $6.25 billion, a P/E ratio of 10.81, a P/E/G ratio of 0.83 and a beta of 0.62. Ingredion has a 12 month low of $94.44 and a 12 month high of $127.50. The company has a quick ratio of 1.92, a current ratio of 2.80 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $102.34 and its two-hundred day moving average price is $105.36.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.11. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the previous year, the business posted $2.87 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, research analysts forecast that Ingredion will post 10.76 EPS for the current fiscal year.

About Ingredion

Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions company that develops and produces ingredients derived primarily from corn, tapioca, potato and other plant-based sources. Its products are used by food, beverage, brewing, animal nutrition, pharmaceutical, personal care and industrial manufacturers.

The company’s portfolio includes starches, sweeteners, fibers, texturizers, specialty ingredients and plant-based proteins. These ingredients help customers improve the taste, texture, nutrition, stability and performance of finished products, including baked goods, dairy products, beverages, confectionery, sauces and other consumer and industrial goods.

Ingredion serves customers across North America, South America, Asia-Pacific, Europe, the Middle East and Africa.