Ingredion Incorporated (NYSE:INGR) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analyst Ratings: Ingredion Incorporated has received a consensus recommendation of "Hold" from five analysts, with three holding and two buying the stock, alongside an average 12-month target price of $151.40.
• Insider Activity: CEO James P. Zallie sold 36,287 shares for over $4.5 million, reducing his stake in the company by 41.99%.
• Dividend Increase: Ingredion declared a quarterly dividend of $0.82 per share, an increase from the previous $0.80, representing an annualized yield of 2.7%.

Shares of Ingredion Incorporated (NYSE:INGR - Get Free Report) have received a consensus rating of "Hold" from the five ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $151.40.

INGR has been the subject of several recent analyst reports. UBS Group raised their target price on Ingredion from $149.00 to $151.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Wall Street Zen raised Ingredion from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th.

Insider Transactions at Ingredion

In other news, CEO James P. Zallie sold 36,287 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $126.52, for a total transaction of $4,591,031.24. Following the completion of the sale, the chief executive officer directly owned 50,129 shares of the company's stock, valued at $6,342,321.08. This trade represents a 41.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Larry Fernandes sold 850 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $128.39, for a total value of $109,131.50. Following the sale, the senior vice president directly owned 31,171 shares of the company's stock, valued at $4,002,044.69. This trade represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,137 shares of company stock valued at $4,700,163 over the last ninety days. Company insiders own 1.80% of the company's stock.

Institutional Trading of Ingredion

A number of institutional investors and hedge funds have recently made changes to their positions in INGR. Alpine Bank Wealth Management acquired a new stake in shares of Ingredion in the first quarter worth about $26,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Ingredion in the first quarter worth about $32,000. Ameriflex Group Inc. bought a new position in shares of Ingredion in the fourth quarter worth about $33,000. Hantz Financial Services Inc. increased its stake in Ingredion by 810.7% during the second quarter. Hantz Financial Services Inc. now owns 255 shares of the company's stock valued at $35,000 after acquiring an additional 227 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in Ingredion by 40.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company's stock valued at $38,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 85.27% of the company's stock.

Ingredion Stock Performance

Shares of Ingredion stock opened at $122.11 on Wednesday. The stock has a market cap of $7.84 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 0.98 and a beta of 0.77. The business has a fifty day simple moving average of $128.15 and a 200-day simple moving average of $132.38. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41. Ingredion has a 12 month low of $120.51 and a 12 month high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.78 by $0.09. The business 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%.Ingredion's revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.87 earnings per share. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. On average, sell-side analysts anticipate that Ingredion will post 11.14 EPS for the current fiscal year.

Ingredion Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.82 per share. 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 dividend on an annualized basis and a dividend yield of 2.7%. Ingredion's dividend payout ratio (DPR) is 31.22%.

Ingredion Company Profile

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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