Ingredion (NYSE:INGR) Reaches New 12-Month Low - Time to Sell?

Key Points

• Ingredion's shares have hit a new 52-week low at $120.07, falling from a previous close of $121.64, with trading volumes reaching 73,572 shares.
• The company is providing FY 2025 EPS guidance between 11.100 and 11.600, while analysts expect Ingredion to post 11.14 earnings per share for the current year.
• Ingredion has announced an increase in its quarterly dividend to $0.82 per share, representing a dividend yield of 2.7% and a payout ratio of 31.22%.

Shares of Ingredion Incorporated (NYSE:INGR - Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $120.07 and last traded at $120.51, with a volume of 73572 shares trading hands. The stock had previously closed at $121.64.

Analyst Ratings Changes

A number of research firms have weighed in on INGR. UBS Group boosted their price objective on shares of Ingredion from $149.00 to $151.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Wall Street Zen raised shares of Ingredion from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $151.40.

Ingredion Stock Down 1.2%

The company has a current ratio of 2.78, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $126.64 and a two-hundred day simple moving average of $131.93. The company has a market cap of $7.71 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 0.98 and a beta of 0.74.

Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $1.89 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The company's quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.87 EPS. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. As a group, equities research analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Increases Dividend

The business 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 represents a $3.28 annualized dividend and a dividend yield of 2.7%. This is a boost from Ingredion's previous quarterly dividend of $0.80. The ex-dividend date is Wednesday, October 1st. Ingredion's dividend payout ratio (DPR) is currently 31.22%.

Insider Buying and Selling at Ingredion

In related news, SVP Larry Fernandes sold 850 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $128.39, for a total transaction of $109,131.50. Following the sale, the senior vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $4,591,031.24. Following the completion of the transaction, the chief executive officer owned 50,129 shares in the company, valued at approximately $6,342,321.08. This trade represents a 41.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ingredion

Hedge funds have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. raised its position in Ingredion by 40.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company's stock valued at $38,000 after buying an additional 80 shares during the last quarter. Retirement Guys Formula LLC raised its position in Ingredion by 5.7% in the 1st quarter. Retirement Guys Formula LLC now owns 1,566 shares of the company's stock valued at $212,000 after buying an additional 84 shares during the last quarter. Vista Investment Management raised its position in Ingredion by 0.8% in the 2nd quarter. Vista Investment Management now owns 10,789 shares of the company's stock valued at $1,463,000 after buying an additional 89 shares during the last quarter. Wealthspire Advisors LLC increased its position in shares of Ingredion by 5.8% during the 1st quarter. Wealthspire Advisors LLC now owns 1,685 shares of the company's stock worth $228,000 after purchasing an additional 92 shares during the last quarter. Finally, Teza Capital Management LLC boosted its position in Ingredion by 4.2% during the second quarter. Teza Capital Management LLC now owns 2,275 shares of the company's stock worth $309,000 after purchasing an additional 92 shares during the period. 85.27% of the stock is currently owned by institutional investors and hedge funds.

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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