Ingredion (NYSE:INGR) Hits New 1-Year Low – Here’s What Happened

Ingredion Incorporated (NYSE:INGR)’s share price reached a new 52-week low on Tuesday . The company traded as low as $97.12 and last traded at $100.14, with a volume of 42152 shares. The stock had previously closed at $99.66.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research note on Friday, March 27th. Barclays cut their target price on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Oppenheimer lowered shares of Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday. Zacks Research lowered shares of Ingredion from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Finally, UBS Group reaffirmed a “neutral” rating and set a $114.00 target price on shares of Ingredion in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $122.43.

Ingredion Stock Performance

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 company’s 50 day moving average is $107.71 and its 200-day moving average is $111.24. The company has a market capitalization of $6.48 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 0.85 and a beta of 0.60.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.10). The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.79 billion. Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.97 earnings per share. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Equities analysts anticipate that Ingredion Incorporated will post 10.88 EPS for the current fiscal year.

Ingredion Dividend Announcement

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

Insider Activity

In related news, VP Davida Marie Gable sold 375 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total value of $42,165.00. Following the completion of the transaction, the vice president directly owned 7,110 shares in the company, valued at $799,448.40. This trade represents a 5.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

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.