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Ingredion Stock Price, News & Analysis (NYSE:INGR)

$105.43
-0.34 (-0.32%)
(As of 12/5/2023 ET)
Compare
Today's Range
$104.83
$105.92
50-Day Range
$89.77
$105.75
52-Week Range
$89.54
$113.46
Volume
227,842 shs
Average Volume
351,701 shs
Market Capitalization
$6.87 billion
P/E Ratio
11.29
Dividend Yield
2.96%
Price Target
$120.50

Ingredion MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
14.3% Upside
$120.50 Price Target
Short Interest
Healthy
0.77% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.63
Upright™ Environmental Score
News Sentiment
1.17mentions of Ingredion in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.10%
From $9.18 to $9.74 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.73 out of 5 stars

Consumer Staples Sector

9th out of 127 stocks

Grain Mill Products Industry

1st out of 5 stocks


INGR stock logo

About Ingredion Stock (NYSE:INGR)

Ingredion Incorporated, together with its subsidiaries, produces 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. The company offers starch products for use in a range of processed foods; cornstarch; specialty paper starches for enhanced drainage, fiber retention, oil and grease resistance, improved printability, and biochemical oxygen demand control; starches and specialty starches for textile industry; industrial starches are used in the production of construction materials, textiles, adhesives, pharmaceuticals, and cosmetics, as well as in mining and water filtration; and specialty industrial starches for use in biomaterial applications, including biodegradable plastics, fabric softeners and detergents, hair and skin care applications, dusting powders for surgical gloves, and in the production of glass fiber and insulation. It also provides sweetener products comprising glucose syrups, high maltose syrup, high fructose corn syrup, dextrose, polyols, maltodextrin, glucose syrup solids, and non-genetically modified organism syrups for use in food and beverage products, such as baked goods, snack foods, canned fruits, condiments, candy and other sweets, dairy products, ice cream, jams and jellies, prepared mixes, table syrups, soft drinks, fruit-flavored drinks, and others. In addition, the company refined corn oil, corn gluten feed, and corn gluten meal; and other products, including fruit and vegetable products, such as concentrates, purees, and essences, as well as pulse proteins and hydrocolloids systems and blends. The company was formerly known as Corn Products International, Inc. and changed its name to Ingredion Incorporated in June 2012. Ingredion Incorporated was founded in 1906 and is headquartered in Westchester, Illinois.

INGR Stock Price History

INGR Stock News Headlines

All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
What 4 Analyst Ratings Have To Say About Ingredion
Ingredion to Sell South Korea Business to Sajo Group
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Q3 2023 Ingredion Inc Earnings Call
Ingredion: Q3 Earnings Snapshot
Ingredion Q3 2023 Earnings Preview
See More Headlines
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Company Calendar

Ex-Dividend for 10/24 Dividend
9/29/2023
Dividend Payable
10/24/2023
Last Earnings
11/07/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/14/2024

Industry, Sector and Symbol

Industry
Grain mill products
Sub-Industry
Agricultural Products
CUSIP
45718710
Employees
11,700
Year Founded
1906

Price Target and Rating

Average Stock Price Target
$120.50
High Stock Price Target
$136.00
Low Stock Price Target
$110.00
Potential Upside/Downside
+14.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$492 million
Pretax Margin
9.57%

Debt

Sales & Book Value

Annual Sales
$7.95 billion
Cash Flow
$10.98 per share
Book Value
$48.25 per share

Miscellaneous

Free Float
64,175,000
Market Cap
$6.87 billion
Optionable
Optionable
Beta
0.82

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INGR Stock Analysis - Frequently Asked Questions

Should I buy or sell Ingredion stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ingredion in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" INGR shares.
View INGR analyst ratings
or view top-rated stocks.

What is Ingredion's stock price target for 2024?

6 brokers have issued 12-month price objectives for Ingredion's shares. Their INGR share price targets range from $110.00 to $136.00. On average, they predict the company's stock price to reach $120.50 in the next twelve months. This suggests a possible upside of 14.3% from the stock's current price.
View analysts price targets for INGR
or view top-rated stocks among Wall Street analysts.

How have INGR shares performed in 2023?

Ingredion's stock was trading at $97.93 at the beginning of 2023. Since then, INGR stock has increased by 7.7% and is now trading at $105.43.
View the best growth stocks for 2023 here
.

When is Ingredion's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our INGR earnings forecast
.

How were Ingredion's earnings last quarter?

Ingredion Incorporated (NYSE:INGR) issued its quarterly earnings results on Tuesday, November, 7th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.95 by $0.38. The business earned $2.03 billion during the quarter, compared to the consensus estimate of $2.12 billion. Ingredion had a net margin of 7.61% and a trailing twelve-month return on equity of 18.48%. The firm's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $1.73 earnings per share.

How often does Ingredion pay dividends? What is the dividend yield for Ingredion?

Ingredion declared a quarterly dividend on Tuesday, August 8th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.78 per share on Tuesday, October 24th. This represents a $3.12 annualized dividend and a yield of 2.96%. The ex-dividend date is Friday, September 29th. This is a positive change from the stock's previous quarterly dividend of $0.71.
Read our dividend analysis for INGR
.

Is Ingredion a good dividend stock?

Ingredion (NYSE:INGR) pays an annual dividend of $3.12 per share and currently has a dividend yield of 2.98%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 33.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INGR will have a dividend payout ratio of 32.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for INGR.

What guidance has Ingredion issued on next quarter's earnings?

Ingredion updated its FY23 earnings guidance on Tuesday, November, 7th. The company provided EPS guidance of $9.05-9.45 for the period, compared to the consensus EPS estimate of $8.96. The company issued revenue guidance of ~$8.34 billion, compared to the consensus revenue estimate of $8.42 billion.

What is James Zallie's approval rating as Ingredion's CEO?

61 employees have rated Ingredion Chief Executive Officer James Zallie on Glassdoor.com. James Zallie has an approval rating of 69% among the company's employees.

What other stocks do shareholders of Ingredion own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ingredion investors own include Pfizer (PFE), Walt Disney (DIS), Intel (INTC), NVIDIA (NVDA), Johnson & Johnson (JNJ), Cisco Systems (CSCO), AT&T (T), Verizon Communications (VZ), CVS Health (CVS) and International Business Machines (IBM).

Who are Ingredion's major shareholders?

Ingredion's stock is owned by many different institutional and retail investors. Top institutional investors include LSV Asset Management (3.42%), Yacktman Asset Management LP (3.36%), Massachusetts Financial Services Co. MA (2.76%), Equity Investment Corp (1.37%), Morgan Stanley (1.28%) and Victory Capital Management Inc. (1.22%). Insiders that own company stock include David Eric Seip, Davida Marie Gable, Elizabeth Adefioye, James D Gray, James D Gray, James P Zallie, Jinghuai Xu, Jorge A Uribe, Jorgen Kokke, Larry Fernandes, Valdirene Bastos-Evans, Valdirene Bastos-Licht and Y Landazuri Pierre Perez.
View institutional ownership trends
.

How do I buy shares of Ingredion?

Shares of INGR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Ingredion have any subsidiaries?
The following companies are subsidiares of Ingredion: Arrendadora Gefemesa S.A. de C.V., Bedford Construction Company, Brunob II B.V., Cali Investment LLC, Colombia Millers Ltd., Corn Products Americas Holdings S.à r.l., Corn Products Development  Inc., Corn Products Inc. & Co. KG, Corn Products Kenya Limited, Corn Products Mauritius Pty Ltd., Corn Products Puerto Rico Inc., Corn Products Sales LLC, Corn Products Southern Cone S.R.L., Crystal Car Line  Inc., Hispano-American Company  Inc., I-Generation Inc., ICI Mauritius Holdings Limited, Ingredion ANZ Pty Ltd, Ingredion APAC EMEA Shared Services Sdn. Bhd., Ingredion Aceites y Especialidades S.A. de C.V., Ingredion Argentina S.R.L., Ingredion Brasil Ingredientes Industriais Ltda., Ingredion Canada Corporation, Ingredion China Limited, Ingredion Colombia S.A., Ingredion Ecuador S.A., Ingredion Germany GmbH, Ingredion Global Business Services S.A. de C.V., Ingredion Global Holdings Inc., Ingredion Holding LLC, Ingredion Holdings Thailand Co. Ltd., Ingredion India Private Limited, Ingredion Japan K.K., Ingredion Korea Holding LLC, Ingredion Korea Incorporated, Ingredion Malaysia Sdn. Bhd., Ingredion Mexico S.A. de C.V., Ingredion Peru S.A., Ingredion Philippines  Inc., Ingredion Plant Based Protein Specialties Canada Inc., Ingredion SRSS Holdings Limited n/k/a PureCircle Limited, Ingredion Shandong Limited, Ingredion Singapore Pte. Ltd., Ingredion South Africa Proprietary Limited, Ingredion Sweetener and Starch Thailand Co. Ltd., Ingredion Thailand Co. Ltd., Ingredion UK Limited, Ingredion Venezuela C.A., Ingredion Vietnam Company Limited, Inversiones Latinoamericanas S.A., K. Hahn Verwaltungs und Vermietungs GmbH, KaTech, KaTech Ingredient Solutions GmbH, KaTech Ingredient Solutions LTD, KaTech Ingredient Solutions Sp.z o.o., Kerr Concentrates, Laing-National Limited, National Starch, PCM Pure Circle de Mexico S.A. de C.V., PT. Ingredion Indonesia, Penford Corporation, Pure Circle, PureCircle Africa Limited, PureCircle China Agriculture Development Co. Ltd., PureCircle China Limited, PureCircle Company LLC, PureCircle Company UK Limited, PureCircle Jiangxi Co. Ltd., PureCircle Mexico S.A. de C.V., PureCircle Natural Ingredient India Private Limited, PureCircle S.E.A. Sdn Bhd, PureCircle Sdn. Bhd., PureCircle Shanghai Co. Ltd., PureCircle South America Sociedad Anonima, PureCircle Trading Sdn. Bhd., PureCircle UK Limited, PureCircle USA Holdings Inc., PureCircle USA Inc., PureCircle do Brasil Comercio Importacao e Exportacao Ltda., Rafhan Maize Products Co. Ltd., Raymond & White River LLC, Shandong Huanong Specialty Corn Development, Sun Flour Industry - RIice Ingredients Business, TIC Gums, Texture Innovation Company de Mexico S. de R.L. de C.V., The Chicago Peoria and Western Railway Company, and Verdient Foods.
Read More
This page (NYSE:INGR) was last updated on 12/6/2023 by MarketBeat.com Staff

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