Analysts Set Ingredion Incorporated (NYSE:INGR) PT at $122.43

Ingredion Incorporated (NYSE:INGR) has been assigned a consensus recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $122.4286.

Several research firms recently issued reports on INGR. BMO Capital Markets reissued a “market perform” rating on shares of Ingredion in a research report on Wednesday, February 4th. Jefferies Financial Group reissued a “hold” rating on shares of Ingredion in a research report on Wednesday, February 4th. Barclays dropped their price target on Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Stephens reissued an “equal weight” rating and set a $120.00 price target on shares of Ingredion in a research report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a research report on Friday, March 27th.

Ingredion Stock Performance

Ingredion stock opened at $100.97 on Monday. The stock has a market cap of $6.37 billion, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 0.85 and a beta of 0.60. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average of $108.78 and a 200-day moving average of $111.46. Ingredion has a 52 week low of $98.29 and a 52 week high of $140.47.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, May 5th. The company reported $2.34 EPS for the quarter, missing the consensus estimate 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 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 quarter last year, the company posted $2.97 earnings per share. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. On average, analysts expect that Ingredion will post 10.88 EPS for the current fiscal year.

Ingredion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be given a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.28 annualized dividend and a yield of 3.2%. Ingredion’s dividend payout ratio (DPR) is currently 31.60%.

Insiders Place Their Bets

In other Ingredion news, VP Davida Marie Gable sold 375 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $112.44, for a total value of $42,165.00. Following the sale, the vice president directly owned 7,110 shares of the company’s stock, valued at $799,448.40. This trade represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ingredion

Several large investors have recently added to or reduced their stakes in INGR. Integrated Wealth Concepts LLC increased its position in Ingredion by 32.8% in the first quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company’s stock worth $281,000 after buying an additional 514 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ingredion by 63.9% in 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 during the period. NewEdge Advisors LLC increased its position in Ingredion by 9.0% in the first quarter. NewEdge Advisors LLC now owns 9,687 shares of the company’s stock worth $1,310,000 after buying an additional 797 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Ingredion by 5.5% during the first quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company’s stock valued at $13,712,000 after purchasing an additional 5,255 shares during the period. Finally, Focus Partners Wealth increased its holdings in shares of Ingredion by 5.6% during the first quarter. Focus Partners Wealth now owns 3,636 shares of the company’s stock valued at $492,000 after purchasing an additional 192 shares during the period. 85.27% of the stock is owned by institutional investors and hedge funds.

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.