Ingredion (INGR) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ingredion in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
View INGR analyst ratings or view top-rated stocks.

5 analysts have issued 1-year target prices 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 year. This suggests a possible upside of 21.4% 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 start of the year. Since then, INGR shares have increased by 0.3% and is now trading at $98.19.
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Ingredion saw a increase in short interest in 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 daily volume of 384,100 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.2% of the company's stock 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) posted its earnings results on Tuesday, August, 8th. The company reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by $0.01. The business earned $2.07 billion during the quarter, compared to analyst estimates of $2.20 billion. Ingredion had a net margin of 6.99% and a trailing twelve-month return on equity of 17.63%. Ingredion's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.12 EPS.

Ingredion declared a quarterly dividend on Tuesday, August 8th. Stockholders 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 3.18%. The ex-dividend date of this dividend is Friday, September 29th. This is a boost 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 $2.84 per share and currently has a dividend yield of 2.85%. 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 33.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INGR will have a dividend payout ratio of 28.83% 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 EPS guidance of $8.80-$9.40 for the period, compared to the consensus earnings per share 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 investors 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 $98.19.

Ingredion (NYSE:INGR) has a market capitalization of $6.49 billion and generates $7.95 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.