Ingredion (INGR) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ingredion in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" INGR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INGR, but not buy additional shares or sell existing shares.
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5 brokers have issued 12 month price objectives for Ingredion's shares. Their INGR share price forecasts range from $110.00 to $130.00. On average, they anticipate the company's share price to reach $119.20 in the next twelve months. This suggests a possible upside of 21.0% from the stock's current price.
View analysts price targets for INGR or view top-rated stocks among Wall Street analysts.

Ingredion's stock was trading at $97.93 at the beginning of 2023. Since then, INGR shares have increased by 0.6% and is now trading at $98.53.
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Ingredion saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 757,300 shares, an increase of 36.0% from the August 15th total of 557,000 shares. Based on an average trading volume of 384,100 shares, the short-interest ratio is presently 2.0 days. Approximately 1.2% of the shares of the company are sold short.
View Ingredion's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our INGR earnings forecast.

Ingredion Incorporated (NYSE:INGR) issued its quarterly earnings results on Tuesday, August, 8th. The company reported $2.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.33 by $0.01. The company had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.20 billion. Ingredion had a trailing twelve-month return on equity of 17.63% and a net margin of 6.99%. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $2.12 earnings per share.

Ingredion declared a quarterly dividend on Tuesday, August 8th. Investors of record on Monday, October 2nd will be given a dividend of $0.78 per share on Tuesday, October 24th. This represents a $3.12 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend 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.

ETFs with the largest weight of Ingredion (NYSE:INGR) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), VanEck Future of Food ETF (YUMY), VegTech Plant-based Innovation & Climate ETF (EATV), First Trust Consumer Staples AlphaDEX Fund (FXG), Absolute Select Value ETF (ABEQ), Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL), iShares Emergent Food and AgTech Multisector ETF (IVEG) and Cultivar ETF (CVAR).

Ingredion (NYSE:INGR) pays an annual dividend of $3.12 per share and currently has a dividend yield of 2.88%. 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 36.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INGR will have a dividend payout ratio of 31.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for INGR.

Ingredion issued an update on its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of $8.80-$9.40 for the period, compared to the consensus EPS estimate of $9.12. The company issued revenue guidance of -.

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.

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).

Ingredion trades on the New York Stock Exchange (NYSE) under the ticker symbol "INGR."

Ingredion's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.23%), State Street Corp (3.61%), LSV Asset Management (3.60%), Dimensional Fund Advisors LP (3.45%), Yacktman Asset Management LP (3.38%) and Snyder Capital Management L P (2.21%). 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.
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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.
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One share of INGR stock can currently be purchased for approximately $98.53.

Ingredion (NYSE:INGR) has a market capitalization of $6.52 billion and generates $8.22 billion in revenue each year. The company earns $492 million in net income (profit) each year or $8.57 on an earnings per share basis.

The company employs 11,700 workers across the globe.

Ingredion's mailing address is 5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL, 60154. The official website for the company is www.ingredion.com. The company can be reached via phone at (708) 551-2600, via email at investor.relations@ingredion.com, or via fax at 708-551-2700.