Ingredion (NYSE:INGR - Get Free Report) updated its FY 2025 earnings guidance on Friday. The company provided EPS guidance of 11.100-11.600 for the period, compared to the consensus EPS estimate of 11.275. The company issued revenue guidance of -.
Analysts Set New Price Targets
Several brokerages have recently issued reports on INGR. Wall Street Zen raised Ingredion from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 8th. UBS Group upped their price target on Ingredion from $149.00 to $151.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Finally, Oppenheimer cut their price target on Ingredion from $167.00 to $155.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Ingredion has an average rating of "Moderate Buy" and an average price target of $151.40.
View Our Latest Stock Analysis on INGR
Ingredion Stock Down 3.9%
Shares of NYSE INGR traded down $5.14 during mid-day trading on Friday, reaching $126.40. 959,566 shares of the company's stock were exchanged, compared to its average volume of 437,771. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 1.01 and a beta of 0.71. The company has a current ratio of 2.85, a quick ratio of 1.86 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $136.12 and a 200 day simple moving average of $133.59. Ingredion has a twelve month low of $118.85 and a twelve month high of $155.44.
Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $2.87 EPS for the quarter, topping analysts' consensus estimates of $2.78 by $0.09. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.89 billion. Ingredion had a return on equity of 19.75% and a net margin of 8.53%. Ingredion's revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.87 earnings per share. As a group, equities analysts expect that Ingredion will post 11.14 EPS for the current fiscal year.
Ingredion Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 1st were issued a dividend of $0.80 per share. The ex-dividend date was Tuesday, July 1st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.5%. Ingredion's dividend payout ratio (DPR) is presently 31.22%.
Insider Activity
In related news, SVP Larry Fernandes sold 2,400 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $135.82, for a total transaction of $325,968.00. Following the completion of the transaction, the senior vice president directly owned 31,996 shares in the company, valued at approximately $4,345,696.72. This trade represents a 6.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.30% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC boosted its stake in shares of Ingredion by 32.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company's stock worth $281,000 after acquiring an additional 514 shares during the period. Focus Partners Wealth boosted its stake in Ingredion by 5.6% in the 1st quarter. Focus Partners Wealth now owns 3,636 shares of the company's stock valued at $492,000 after purchasing an additional 192 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ingredion by 63.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,694 shares of the company's stock valued at $499,000 after buying an additional 1,440 shares in the last quarter. NewEdge Advisors LLC increased its position in Ingredion by 9.0% during the 1st quarter. NewEdge Advisors LLC now owns 9,687 shares of the company's stock worth $1,310,000 after buying an additional 797 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Ingredion by 5.5% during the first quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company's stock worth $13,712,000 after buying an additional 5,255 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors.
Ingredion Company Profile
(
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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