Brokerages Set Ingredion Incorporated (NYSE:INGR) Price Target at $152.20

Ingredion Incorporated (NYSE:INGR - Get Free Report) has been assigned an average rating of "Hold" from the five ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $152.20.

A number of analysts have issued reports on INGR shares. UBS Group set a $155.00 price objective on Ingredion in a research note on Tuesday, April 22nd. StockNews.com downgraded Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Stephens dropped their price objective on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Oppenheimer dropped their price target on shares of Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, BMO Capital Markets decreased their price target on Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th.

Insider Buying and Selling at Ingredion

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total value of $1,361,392.20. Following the completion of the sale, the chief executive officer now owns 34,127 shares of the company's stock, valued at approximately $4,295,906.76. This trade represents a 24.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Ingredion

A number of institutional investors have recently bought and sold shares of INGR. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Ingredion by 1.8% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 4,162 shares of the company's stock worth $572,000 after purchasing an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Ingredion by 32.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock valued at $44,000 after acquiring an additional 79 shares in the last quarter. Mindset Wealth Management LLC boosted its position in Ingredion by 2.1% in the 4th quarter. Mindset Wealth Management LLC now owns 3,914 shares of the company's stock worth $538,000 after purchasing an additional 82 shares in the last quarter. Waverly Advisors LLC raised its position in shares of Ingredion by 3.8% in the fourth quarter. Waverly Advisors LLC now owns 2,303 shares of the company's stock worth $317,000 after acquiring an additional 84 shares during the period. Finally, Retirement Guys Formula LLC raised its stake in shares of Ingredion by 5.7% during the 1st quarter. Retirement Guys Formula LLC now owns 1,566 shares of the company's stock worth $212,000 after buying an additional 84 shares during the period. 85.27% of the stock is owned by hedge funds and other institutional investors.

Ingredion Stock Down 0.6 %

Shares of Ingredion stock traded down $0.78 on Friday, reaching $132.05. The company's stock had a trading volume of 20,838 shares, compared to its average volume of 584,867. Ingredion has a 52 week low of $111.54 and a 52 week high of $155.44. The firm's fifty day simple moving average is $131.09 and its two-hundred day simple moving average is $135.58. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 1.03 and a beta of 0.72. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47.

Ingredion (NYSE:INGR - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.09. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the firm posted $1.65 EPS. The firm's quarterly revenue was down 6.3% compared to the same quarter last year. Equities analysts anticipate that Ingredion will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Tuesday, April 1st. Ingredion's payout ratio is 32.96%.

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.