NYSE:INGR

Ingredion (INGR) Stock Forecast, Price & News

$98.37

+0.02 (+0.02%)

(As of 09/29/2023 ET)

Compare

Today's Range: $97.77
▼
$100.11
50-Day Range: $97.38
▼
$112.09
52-Week Range: $79.68
▼
$113.46

Volume: 376,200 shs
Average Volume: 352,430 shs
Market Capitalization: $6.51 billion

P/E Ratio: 11.48
Dividend Yield: 2.89%
Price Target: $119.20

Ingredion MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 21.3% Upside
$119.33 Price Target
Short Interest: Healthy
1.21% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -1.63
Upright™ Environmental Score
News Sentiment: 0.64
Based on 10 Articles This Week
Insider Trading: Selling Shares
$517,297 Sold Last Quarter
Proj. Earnings Growth: 8.60%
From $9.07 to $9.85 Per Share

Overall MarketRank^™

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

2.77 out of 5 stars

Consumer Staples Sector

30th out of 135 stocks

Grain Mill Products Industry

2nd out of 5 stocks

2.3

Analyst's Opinion

Consensus Rating
Ingredion has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $119.33, Ingredion has a forecasted upside of 21.3% from its current price of $98.40.
Amount of Analyst Coverage
Ingredion has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.21% of the float of Ingredion has been sold short.
Short Interest Ratio / Days to Cover
Ingredion has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Ingredion has recently increased by 1.33%, indicating that investor sentiment is decreasing.

4.2

Dividend Strength

Dividend Yield
Ingredion pays a meaningful dividend of 2.92%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Ingredion has been increasing its dividend for 13 years.
Dividend Coverage
The dividend payout ratio of Ingredion is 33.14%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Ingredion will have a dividend payout ratio of 28.83% next year. This indicates that Ingredion will be able to sustain or increase its dividend.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Ingredion has received a 24.15% net impact score from Upright. The largest positive contribution comes from its "Nutrition" impact, which is mostly driven by its "Lentil flour", "Chickpea flour", and "Pea flour" products. See details.
Environmental Sustainability
The Environmental Impact score for Ingredion is -1.63.

2.6

News and Social Media Coverage

News Sentiment
Ingredion has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Ingredion this week, compared to 4 articles on an average week.
Search Interest
Only 2 people have searched for INGR on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.
MarketBeat Follows
8 people have added Ingredion to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ingredion insiders have sold 75.06% more of their company's stock than they have bought. Specifically, they have bought $295,500.00 in company stock and sold $517,297.00 in company stock.
Percentage Held by Insiders
Only 1.68% of the stock of Ingredion is held by insiders.
Percentage Held by Institutions
84.80% of the stock of Ingredion is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Ingredion are expected to grow by 8.60% in the coming year, from $9.07 to $9.85 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ingredion is 11.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ingredion is 11.48, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 20.33.
Price to Book Value per Share Ratio
Ingredion has a P/B Ratio of 2.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ingredion (NYSE:INGR) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

INGR Stock News Headlines

September 29, 2023 | markets.businessinsider.com

Ingredion's Growth Strategy To Please Health-Conscious Consumers Can Make It A Winner: Analyst

September 29, 2023 | finance.yahoo.com

Unlocking Ingredion Inc's Dividend Performance: A Comprehensive Analysis

September 29, 2023 | Altimetry (Ad)

Biden's latest bailout--terrible for America?

And a consultant for the Dept. of Defense (Joel Litman) says this is all leading to an event in the next 20 months that could help some get vastly wealthier… but also make it harder than ever to hang onto any money you make.This might be the most important development affecting you and your money over the next few years—

September 26, 2023 | finance.yahoo.com

Powdered Flavors Market to Gain a Worth $13.84Bn Globally by 2030 - Exclusive Report by The Insight Partners

September 26, 2023 | benzinga.com

Global Whey Protein Market to Reach US$11.2 Billion by 2030, Predicts Industry Report

September 26, 2023 | benzinga.com

Global Whey Protein Market to Reach US$11.2 Billion by 2030, Predicts Industry Report

September 25, 2023 | finance.yahoo.com

Ingredion (NYSE:INGR) Has Announced That It Will Be Increasing Its Dividend To $0.78

September 18, 2023 | finance.yahoo.com

Hain Celestial (HAIN) Stock Falls 40.3% YTD: Here's Why

September 29, 2023 | Altimetry (Ad)

Biden's latest bailout--terrible for America?

September 14, 2023 | finance.yahoo.com

5 undervalued stocks with recently raised dividends: Morningstar

September 11, 2023 | finance.yahoo.com

Ingredion (NYSE:INGR) Is Increasing Its Dividend To $0.78

September 11, 2023 | seekingalpha.com

Ingredion: Pricing Power May Not Last

August 28, 2023 | finance.yahoo.com

Ingredion's (NYSE:INGR) Shareholders Will Receive A Bigger Dividend Than Last Year

August 26, 2023 | morningstar.com

Ingredion Inc INGR Stock Quote

August 25, 2023 | finance.yahoo.com

With 87% ownership in Ingredion Incorporated (NYSE:INGR), institutional investors have a lot riding on the business

August 24, 2023 | finance.yahoo.com

3 Stocks Plant-Based Meat Lovers Should Keep an Eye on

August 21, 2023 | finance.yahoo.com

4 Safe Stocks to Buy as Fed Hints at More Rate Hikes

August 17, 2023 | finance.yahoo.com

Global Pulse Ingredients - Business Report 2023-2030: ADM, AGT Food and Ingredients, Ingredion, Roquette Freres Leading the Competitive Landscape

August 11, 2023 | msn.com

Stephens & Co. Reiterates Ingredion (INGR) Overweight Recommendation

August 9, 2023 | finance.yahoo.com

International Flavors (IFF) Misses on Q2 Earnings, Lowers View

August 9, 2023 | finance.yahoo.com

Q2 2023 Ingredion Inc Earnings Call

August 8, 2023 | marketwatch.com

Ingredion Shares Down 8% After Mixed 2023 Guidance

August 8, 2023 | seekingalpha.com

Ingredion Incorporated 2023 Q2 - Results - Earnings Call Presentation

August 8, 2023 | msn.com

Ingredion Q2: Earnings Miss, Softer Volume Demand, Dividend Boost & More

August 8, 2023 | finanznachrichten.de

Ingredion Incorporated Declares Quarterly Dividend of $0.78 Per Share, 9.9% Increase From Prior Quarter

August 8, 2023 | msn.com

Ingredion Non-GAAP EPS of $2.32 misses by $0.01, revenue of $2.07B misses by $130M

August 8, 2023 | finance.yahoo.com

Ingredion Incorporated Reports Strong Second Quarter Results and Raises Full-Year Outlook

See More Headlines

Receive INGR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Ingredion and its competitors with MarketBeat's FREE daily newsletter.

INGR Company Calendar

Ex-Dividend for 7/25 Dividend: 6/30/2023
Dividend Payable: 7/25/2023
Last Earnings: 8/08/2023
Today: 9/29/2023
Ex-Dividend for 10/24 Dividend: 9/29/2023
Dividend Payable: 10/24/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Grain mill products
Sub-Industry: Agricultural Products
Sector: Consumer Staples
Current Symbol: NYSE:INGR
Previous Symbol: NYSE:CPO
CUSIP: 45718710
CIK: 1046257
Web: www.ingredion.com
Phone: (708) 551-2600
Fax: 708-551-2700
Employees: 11,700
Year Founded: 1906

Price Target and Rating

Average Stock Price Forecast: $119.33
High Stock Price Forecast: $130.00
Low Stock Price Forecast: $110.00
Forecasted Upside/Downside: +21.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $8.57
Trailing P/E Ratio: 11.45
Forward P/E Ratio: 10.82
P/E Growth: N/A
Net Income: $492 million
Net Margins: 6.99%
Pretax Margin: 9.29%
Return on Equity: 17.63%
Return on Assets: 7.53%

Debt

Debt-to-Equity Ratio: 0.57
Current Ratio: 1.92
Quick Ratio: 0.98

Sales & Book Value

Annual Sales: $7.95 billion
Price / Sales: 0.82
Cash Flow: $10.97 per share
Price / Cash Flow: 8.94
Book Value: $48.25 per share
Price / Book: 2.03

Miscellaneous

Outstanding Shares: 66,140,000
Free Float: 65,029,000
Market Cap: $6.49 billion
Optionable: Optionable
Beta: 0.79

Social Links

5G Stocks: The Path Forward is Profitable

Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report

Key Executives

Mr. James P. Zallie (Age 62)
Pres, CEO & Director
Comp: $3.16M

Mr. James Derek Gray (Age 56)
Exec. VP & CFO
Comp: $1.44M

Ms. Nancy Wolfe (Age 53)
Sr. VP & Chief HR Officer
Comp: $1.12M

Mr. Jinghuai Xu (Age 55)
Sr. VP & Chief Innovation Officer
Comp: $1.58M

Mr. Eric Seip (Age 55)
Sr. VP of Global Operations & Chief Supply Chain Officer

Ms. Davida M. Gable (Age 56)
VP of Global Shared Services, Controller & Principal Accounting Officer

Jason Payant
VP of Corp. Fin. & Interim VP of Investor Relations

Ms. Tanya Jaeger de Foras (Age 52)
Sr. VP, Chief Legal Officer, Corp. Sec. & Chief Compliance Officer

Mr. Pierre Perez Y. Landazuri (Age 54)
Sr. VP of Corp. Strategy & Specialties and Pres of EMEA

Mr. Larry Fernandes (Age 58)
Sr. VP and Chief Commercial & Sustainability Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

INGR Stock - Frequently Asked Questions

Should I buy or sell Ingredion stock right now?: 6 Wall Street 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 analysts is that investors should "moderate buy" INGR shares.
View INGR analyst ratings or view top-rated stocks.
What is Ingredion's stock price forecast for 2023?: 6 Wall Street research analysts have issued 1-year target prices for Ingredion's stock. Their INGR share price forecasts range from $110.00 to $130.00. On average, they anticipate the company's stock price to reach $119.33 in the next twelve months. This suggests a possible upside of 21.6% 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 the year. Since then, INGR stock has increased by 0.2% and is now trading at $98.10.
View the best growth stocks for 2023 here.
Are investors shorting Ingredion?: 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 daily trading volume, of 384,100 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.2% of the company's stock are short sold.
View Ingredion's Short Interest.
When is Ingredion's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our INGR earnings forecast.
How were Ingredion's earnings last quarter?: Ingredion Incorporated (NYSE:INGR) released its quarterly 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 firm earned $2.07 billion during the quarter, compared to analyst estimates 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 was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.12 earnings per share.
How often does Ingredion pay dividends? What is the dividend yield for Ingredion?: Ingredion announced 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 dividend 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.
What ETFs hold Ingredion's stock?: 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).
Is Ingredion a good dividend stock?: Ingredion (NYSE:INGR) pays an annual dividend of $2.84 per share and currently has a dividend yield of 2.92%. 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.

What guidance has Ingredion issued on next quarter's earnings?: Ingredion updated 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 estimate of $9.12. The company issued revenue guidance of -.
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).
What is Ingredion's stock symbol?: Ingredion trades on the New York Stock Exchange (NYSE) under the ticker symbol "INGR."
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.
What is Ingredion's stock price today?: One share of INGR stock can currently be purchased for approximately $98.10.
How much money does Ingredion make?: 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.
How many employees does Ingredion have?: The company employs 11,700 workers across the globe.
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
How can I contact Ingredion?: 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.

This page (NYSE:INGR) was last updated on 9/29/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial