Ingredion Incorporated (NYSE:INGR) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Ingredion Incorporated has received a consensus rating of "Moderate Buy" from six research firms, with an average 1-year price target of $147.20.
• CEO James P. Zallie sold 36,287 shares of the company, representing a 41.99% decrease in his position, while company insiders collectively sold 37,137 shares worth approximately $4.7 million in the last three months.
• Ingredion recently announced a quarterly dividend increase to $0.82, a hike from the previous $0.80, representing a 2.7% yield with a payout ratio of 32.00%.

Ingredion Incorporated (NYSE:INGR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $147.20.

Several brokerages have issued reports on INGR. UBS Group lowered their price target on shares of Ingredion from $144.00 to $130.00 and set a "neutral" rating on the stock in a report on Monday, October 6th. Wall Street Zen raised shares of Ingredion from a "hold" rating to a "buy" rating in a report on Sunday. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Ingredion in a report on Wednesday, October 8th.

Insider Buying and Selling at Ingredion

In other news, CEO James P. Zallie sold 36,287 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $126.52, for a total value of $4,591,031.24. Following the sale, the chief executive officer owned 50,129 shares of the company's stock, valued at approximately $6,342,321.08. This represents a 41.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Larry Fernandes sold 850 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $128.39, for a total transaction of $109,131.50. Following the completion of the sale, the senior vice president directly owned 31,171 shares in the company, valued at approximately $4,002,044.69. The trade was a 2.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,137 shares of company stock worth $4,700,163 in the last three months. Insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Ingredion

Large investors have recently made changes to their positions in the company. Jump Financial LLC grew its holdings in shares of Ingredion by 474.2% in the 1st quarter. Jump Financial LLC now owns 11,501 shares of the company's stock worth $1,555,000 after purchasing an additional 9,498 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Ingredion in the 1st quarter worth about $646,000. Jupiter Asset Management Ltd. grew its holdings in shares of Ingredion by 38.2% in the 1st quarter. Jupiter Asset Management Ltd. now owns 342,190 shares of the company's stock worth $46,268,000 after purchasing an additional 94,575 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Ingredion by 8.4% in the 1st quarter. Brown Advisory Inc. now owns 2,318 shares of the company's stock worth $313,000 after purchasing an additional 180 shares during the last quarter. Finally, Transcend Capital Advisors LLC grew its holdings in Ingredion by 156.7% during the 1st quarter. Transcend Capital Advisors LLC now owns 11,086 shares of the company's stock worth $1,499,000 after acquiring an additional 6,768 shares during the last quarter. Institutional investors own 85.27% of the company's stock.

Ingredion Trading Up 0.8%

Ingredion stock opened at $121.46 on Friday. The business has a 50 day moving average price of $124.54 and a two-hundred day moving average price of $130.82. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41. The stock has a market cap of $7.80 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 0.96 and a beta of 0.74. Ingredion has a 12 month low of $118.56 and a 12 month high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.78 by $0.09. The firm had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.89 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The company's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.87 EPS. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. As a group, equities analysts forecast that Ingredion will post 11.14 EPS for the current year.

Ingredion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Wednesday, October 1st will be issued a $0.82 dividend. This is a boost from Ingredion's previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $3.28 annualized dividend and a yield of 2.7%. Ingredion's payout ratio is presently 32.00%.

About Ingredion

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.

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