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

Ingredion logo with Consumer Staples background

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.

Get Our Latest Analysis on Ingredion

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

(Get Free Report

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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Analyst Recommendations for Ingredion (NYSE:INGR)

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