Ingredion's (INGR) "Buy (B)" Rating Reaffirmed at Weiss Ratings

Ingredion (NYSE:INGR - Get Free Report)'s stock had its "buy (b)" rating restated by research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also recently weighed in on INGR. UBS Group reduced their price objective on Ingredion from $144.00 to $130.00 and set a "neutral" rating for the company in a research report on Monday. Wall Street Zen raised Ingredion from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $147.20.

Ingredion Stock Up 0.9%

INGR opened at $121.66 on Wednesday. Ingredion has a 1-year low of $119.31 and a 1-year high of $155.44. 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 stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 0.96 and a beta of 0.74. The business has a 50 day moving average of $125.46 and a 200-day moving average of $131.54.

Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.09. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The company had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.89 billion. During the same period in the prior year, the business earned $2.87 earnings per share. Ingredion's revenue for the quarter was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. As a group, sell-side analysts anticipate that Ingredion will post 11.14 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Larry Fernandes sold 850 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $128.39, for a total value of $109,131.50. Following the completion of the transaction, the senior vice president directly owned 31,171 shares in the company, valued at approximately $4,002,044.69. This represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James P. Zallie sold 36,287 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were 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 of the company's stock, valued at $6,342,321.08. The trade was a 41.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,137 shares of company stock valued at $4,700,163 over the last 90 days. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of INGR. Alpine Bank Wealth Management acquired a new position in Ingredion during the first quarter worth $26,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Ingredion during the first quarter worth $32,000. Hantz Financial Services Inc. raised its stake in Ingredion by 810.7% during the second quarter. Hantz Financial Services Inc. now owns 255 shares of the company's stock worth $35,000 after acquiring an additional 227 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in Ingredion by 40.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company's stock worth $38,000 after acquiring an additional 80 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in Ingredion during the second quarter worth $40,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

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.

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