Ingredion (NYSE:INGR) Stock Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Ingredion shares fell below their 200-day moving average, trading near $95.79 versus the $104.04 average, signaling recent technical weakness.
• Analysts maintain a broadly neutral outlook: one rates the stock a Buy and eight rate it Hold, with a consensus price target of $121.29.
• The company reported quarterly earnings and revenue above estimates and raised its quarterly dividend to $0.83 per share, producing an annualized yield of approximately 3.5%.

Shares of Ingredion Incorporated (NYSE:INGR - Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $104.04 and traded as low as $95.62. Ingredion shares last traded at $95.7880, with a volume of 626,121 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on INGR shares. Weiss Ratings raised shares of Ingredion from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, September 22nd. Zacks Research raised Ingredion from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Barclays reduced their price objective on Ingredion from $120.00 to $118.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 5th. Oppenheimer downgraded Ingredion from an "outperform" rating to a "market perform" rating in a research report on Monday, June 8th. Finally, Benchmark reiterated a "buy" rating on shares of Ingredion in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $121.29.

Ingredion Stock Performance

The stock has a 50-day simple moving average of $101.66 and a 200-day simple moving average of $104.04. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 0.81 and a beta of 0.62. The company has a current ratio of 2.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.39.

Ingredion (NYSE:INGR - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.71 by $0.11. The company had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.83 billion. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The business's revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, analysts anticipate 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. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.83 per share. 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 dividend payout ratio (DPR) is 35.77%.

Insider Buying and Selling at Ingredion

In other news, Director David Fischer sold 1,662 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total value of $170,039.22. Following the sale, the director owned 19,930 shares in the company, valued at approximately $2,039,038.30. This represents a 7.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Ingredion

A number of hedge funds have recently bought and sold shares of INGR. BlackRock Inc. acquired a new stake in Ingredion during the second quarter valued at approximately $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 worth $350,952,000 after acquiring an additional 175,600 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Ingredion by 53.1% in the 1st quarter. First Trust Advisors LP now owns 3,054,149 shares of the company's stock valued at $344,080,000 after acquiring an additional 1,059,324 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Ingredion by 46.9% in the 1st quarter. Quantinno Capital Management LP now owns 930,771 shares of the company's stock valued at $104,861,000 after acquiring an additional 297,007 shares during the last quarter. Finally, Equity Investment Corp raised its position in shares of Ingredion by 2.4% during the 4th quarter. Equity Investment Corp now owns 789,939 shares of the company's stock valued at $87,099,000 after acquiring an additional 18,569 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

About Ingredion

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.