Ingredion Incorporated (NYSE:INGR) Receives $126.67 Average PT from Analysts

Shares of Ingredion Incorporated (NYSE:INGR - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $126.67.

Several equities research analysts have weighed in on INGR shares. Stephens restated an "overweight" rating and issued a $130.00 price objective on shares of Ingredion in a research report on Wednesday, February 7th. The Goldman Sachs Group upgraded shares of Ingredion from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $122.00 to $135.00 in a research report on Thursday, February 15th. Barclays lifted their price target on shares of Ingredion from $115.00 to $122.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 6th. Finally, StockNews.com upgraded shares of Ingredion from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 22nd.

Ingredion Stock Performance

Ingredion stock traded down $0.22 during mid-day trading on Wednesday, reaching $111.30. The company had a trading volume of 388,366 shares, compared to its average volume of 403,925. The company has a quick ratio of 1.10, a current ratio of 1.92 and a debt-to-equity ratio of 0.49. Ingredion has a 52 week low of $89.54 and a 52 week high of $118.83. The company has a 50 day moving average of $114.75 and a 200-day moving average of $107.13. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.04 and a beta of 0.81.

Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $0.10. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.07 billion. Ingredion had a net margin of 7.88% and a return on equity of 18.57%. The firm's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the firm earned $1.65 EPS. On average, sell-side analysts expect that Ingredion will post 9.62 EPS for the current fiscal year.

Ingredion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Monday, April 1st will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, March 28th. Ingredion's dividend payout ratio is presently 32.50%.

Insider Transactions at Ingredion

In related news, VP Davida Marie Gable sold 1,968 shares of the business's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $117.38, for a total transaction of $231,003.84. Following the transaction, the vice president now directly owns 1,723 shares in the company, valued at $202,245.74. The sale was disclosed in a filing with the SEC, which is available through this link. In other Ingredion news, CEO James P. Zallie sold 54,581 shares of the company's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $117.24, for a total value of $6,399,076.44. Following the transaction, the chief executive officer now directly owns 99,246 shares in the company, valued at $11,635,601.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Davida Marie Gable sold 1,968 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $117.38, for a total transaction of $231,003.84. Following the completion of the transaction, the vice president now owns 1,723 shares in the company, valued at $202,245.74. The disclosure for this sale can be found here. Insiders have sold a total of 58,921 shares of company stock valued at $6,903,045 over the last 90 days. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ingredion

Institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in shares of Ingredion in the fourth quarter worth about $25,000. Quarry LP bought a new position in shares of Ingredion during the second quarter valued at $30,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of Ingredion by 63.9% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 377 shares of the company's stock valued at $37,000 after acquiring an additional 147 shares during the last quarter. Allworth Financial LP raised its stake in shares of Ingredion by 414.1% during the third quarter. Allworth Financial LP now owns 401 shares of the company's stock valued at $39,000 after acquiring an additional 323 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Ingredion by 40.2% during the fourth quarter. Blue Trust Inc. now owns 359 shares of the company's stock valued at $39,000 after acquiring an additional 103 shares during the last quarter. Institutional investors own 85.27% of the company's stock.

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.