Ingredion Incorporated (NYSE:INGR) Receives Average Rating of "Hold" from Analysts

Key Points

• Analyst consensus is “Hold”: Eight of nine brokerages rate Ingredion neutral, while one recommends buying. The average 12-month price target is $121.29, above the reported opening price of $105.14.
• Quarterly results exceeded expectations: Ingredion reported $2.82 in earnings per share versus the $2.71 consensus estimate, while revenue reached $1.85 billion and rose 0.9% year over year.
• Shareholders received a 3.1% dividend yield: The quarterly dividend is $0.82 per share, or $3.28 annualized, with a payout ratio of 35.77%. Institutional investors own approximately 85.27% of the company.

Shares of Ingredion Incorporated (NYSE:INGR - Get Free Report) have received an average recommendation of "Hold" from the nine brokerages that are currently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $121.2857.

Several brokerages have weighed in on INGR. Zacks Research upgraded shares of Ingredion from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Barclays reduced their price target on Ingredion from $120.00 to $118.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 5th. UBS Group increased their price objective on Ingredion from $104.00 to $108.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Weiss Ratings downgraded Ingredion from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, July 8th. Finally, Benchmark reaffirmed a "buy" rating on shares of Ingredion in a research report on Tuesday, June 9th.

Ingredion Stock Performance

Shares of Ingredion stock opened at $105.14 on Friday. The company has a market capitalization of $6.63 billion, a PE ratio of 11.47, a P/E/G ratio of 0.90 and a beta of 0.62. The company has a 50-day simple moving average of $100.36 and a two-hundred day simple moving average of $107.72. Ingredion has a one year low of $94.44 and a one year high of $130.48. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.92 and a current ratio of 2.80.

Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.11. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The business had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.83 billion. During the same period last year, the business earned $2.87 EPS. The company's revenue was up .9% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Research analysts expect that Ingredion will post 10.6 EPS for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.82 per share. The ex-dividend date was Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.1%. Ingredion's payout ratio is presently 35.77%.

Insider Activity

In other news, Director David B. Fischer sold 1,662 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total transaction of $170,039.22. Following the transaction, the director owned 19,930 shares in the company, valued at $2,039,038.30. This represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Ingredion

Several large investors have recently bought and sold shares of INGR. BlackRock Inc. purchased a new position in shares of Ingredion in the second quarter worth $618,834,000. First Trust Advisors LP lifted its stake in shares of Ingredion by 53.1% during the first quarter. First Trust Advisors LP now owns 3,054,149 shares of the company's stock worth $344,080,000 after buying an additional 1,059,324 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Ingredion by 22,036.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company's stock valued at $114,351,000 after buying an additional 1,032,421 shares during the last quarter. Equity Investment Corp acquired a new position in shares of Ingredion in the 2nd quarter valued at $82,499,000. Finally, Norges Bank acquired a new position in shares of Ingredion in the 4th quarter valued at $85,310,000. Hedge funds and other institutional investors own 85.27% of the company's stock.

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.

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