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

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

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.

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.

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.

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 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.

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'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.
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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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