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

Shares of Ingredion Incorporated (NYSE:INGR - Get Free Report) have been given a consensus rating of "Hold" by the five analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $152.20.

A number of equities research analysts recently weighed in on the company. Oppenheimer dropped their price target on Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. UBS Group set a $155.00 target price on Ingredion in a report on Tuesday, April 22nd. Finally, Wall Street Zen raised Ingredion from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 8th.

Insider Transactions at Ingredion

In other news, SVP Larry Fernandes sold 2,400 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $135.82, for a total value of $325,968.00. Following the transaction, the senior vice president now directly owns 31,996 shares in the company, valued at $4,345,696.72. This trade represents a 6.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of INGR. BOK Financial Private Wealth Inc. bought a new position in shares of Ingredion during the fourth quarter worth $25,000. Alpine Bank Wealth Management acquired a new stake in Ingredion during the 1st quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Ingredion by 653.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company's stock worth $31,000 after acquiring an additional 196 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in Ingredion during the first quarter worth about $32,000. Finally, Ameriflex Group Inc. acquired a new position in Ingredion in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 85.27% of the company's stock.

Ingredion Price Performance

Shares of NYSE:INGR traded down $0.62 on Monday, hitting $136.90. The stock had a trading volume of 408,479 shares, compared to its average volume of 475,308. The firm's 50 day moving average price is $135.35 and its 200-day moving average price is $134.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.86 and a current ratio of 2.85. Ingredion has a twelve month low of $111.54 and a twelve month high of $155.44. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.11 and a beta of 0.73.

Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $2.97 EPS for the quarter, beating analysts' consensus estimates of $2.44 by $0.53. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Ingredion had a net margin of 8.53% and a return on equity of 19.75%. The company's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.08 earnings per share. On average, equities research analysts predict that Ingredion will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 1st will be paid a $0.80 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $3.20 annualized dividend and a dividend yield of 2.34%. Ingredion's dividend payout ratio (DPR) is currently 33.76%.

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.