Ingredion Incorporated (NYSE:INGR - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday. The company traded as low as $93.97 and last traded at $94.1460, with a volume of 88013 shares. The stock had previously closed at $95.11.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on INGR shares. Weiss Ratings upgraded shares of Ingredion from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, September 22nd. Barclays decreased their price target on Ingredion from $120.00 to $118.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 5th. UBS Group decreased their target price on Ingredion from $108.00 to $104.00 and set a "neutral" rating for the company in a research note on Monday. Finally, Zacks Research upgraded shares of Ingredion from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Ingredion presently has a consensus rating of "Hold" and an average price target of $120.71.
Check Out Our Latest Stock Report on INGR
Ingredion Stock Down 1.1%
The business has a 50 day moving average price of $100.97 and a 200 day moving average price of $103.36. The firm has a market capitalization of $5.93 billion, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 0.80 and a beta of 0.65. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 1.92.
Ingredion (NYSE:INGR - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.11. The business had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.83 billion. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The firm's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.87 earnings per share. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, analysts predict that Ingredion Incorporated will post 10.76 earnings per share for the current year.
Ingredion Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Thursday, October 1st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $3.32 annualized dividend and a yield of 3.5%. This is an increase from Ingredion's previous quarterly dividend of $0.82. Ingredion's payout ratio is presently 36.21%.
Insider Activity at Ingredion
In other Ingredion news, Director David Fischer sold 1,662 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total transaction of $170,039.22. Following the sale, the director directly owned 19,930 shares of the company's stock, valued at $2,039,038.30. The trade was a 7.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Ingredion
Several hedge funds have recently bought and sold shares of INGR. BlackRock Inc. bought a new position in Ingredion in the second quarter valued at about $618,834,000. Dimensional Fund Advisors LP grew its position in shares of Ingredion by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,115,136 shares of the company's stock valued at $350,952,000 after buying an additional 175,600 shares during the last quarter. First Trust Advisors LP increased its position in Ingredion by 53.1% during the 1st quarter. First Trust Advisors LP now owns 3,054,149 shares of the company's stock valued at $344,080,000 after purchasing an additional 1,059,324 shares during the period. Quantinno Capital Management LP raised its stake in Ingredion by 46.9% during the first quarter. Quantinno Capital Management LP now owns 930,771 shares of the company's stock worth $104,861,000 after buying an additional 297,007 shares during the last quarter. Finally, Equity Investment Corp acquired a new position in shares of Ingredion in the 2nd quarter valued at about $82,499,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.
Ingredion Company Profile
(
Get Free Report)
Ingredion Incorporated NYSE: INGR is a global ingredient solutions company that develops and produces plant-based ingredients for food, beverage, animal nutrition, brewing, and industrial applications. Its portfolio includes sweeteners, starches, fibers, texturizers, nutrition ingredients, and other specialty solutions designed to improve taste, texture, stability, nutrition, and functionality.
The company processes plant-based raw materials, including corn, tapioca, potato, rice, and stevia, into ingredients used in products such as baked goods, dairy and plant-based foods, beverages, confectionery, sauces, and personal care products.
Further Reading
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