Ingredion - INGR Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ingredion in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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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4 analysts have issued twelve-month price targets for Ingredion's stock. Their INGR share price forecasts range from $89.00 to $120.00. On average, they predict the company's stock price to reach $107.25 in the next twelve months. This suggests a possible upside of 7.1% from the stock's current price.
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Ingredion's stock was trading at $97.93 at the start of the year. Since then, INGR stock has increased by 2.3% and is now trading at $100.18.
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Ingredion saw a increase in short interest in February. As of February 28th, there was short interest totaling 636,500 shares, an increase of 12.2% from the February 13th total of 567,100 shares. Based on an average trading volume of 287,700 shares, the short-interest ratio is currently 2.2 days. Approximately 1.0% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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Ingredion Incorporated (NYSE:INGR) issued its quarterly earnings results on Wednesday, February, 8th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.20. The business earned $1.99 billion during the quarter, compared to analysts' expectations of $2.02 billion. Ingredion had a trailing twelve-month return on equity of 15.70% and a net margin of 6.19%. The company's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 earnings per share.

Ingredion announced a quarterly dividend on Wednesday, March 15th. Stockholders of record on Monday, April 3rd will be given a dividend of $0.71 per share on Tuesday, April 25th. This represents a $2.84 annualized dividend and a yield of 2.83%. The ex-dividend date is Friday, March 31st.
Read our dividend analysis for INGR.

ETFs with the largest weight of Ingredion (NYSE:INGR) stock in their portfolio include VegTech Plant-based Innovation & Climate ETF (EATV), VanEck Future of Food ETF (YUMY), Absolute Select Value ETF (ABEQ), First Trust Consumer Staples AlphaDEX Fund (FXG), Cultivar ETF (CVAR), iShares Emergent Food and AgTech Multisector ETF (IVEG), Invesco DWA Consumer Staples Momentum ETF (PSL) and Invesco S&P MidCap Low Volatility ETF (XMLV).

Ingredion (NYSE:INGR) pays an annual dividend of $2.84 per share and currently has a dividend yield of 2.90%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 38.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INGR will have a dividend payout ratio of 31.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for INGR.

Ingredion updated its FY23 earnings guidance on Wednesday, February, 8th. The company provided earnings per share guidance of $7.70-8.40 for the period, compared to the consensus estimate of $8.22.

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 number of institutional and retail investors. Top institutional investors include LSV Asset Management (3.94%), Dimensional Fund Advisors LP (3.77%), Yacktman Asset Management LP (3.52%), Macquarie Group Ltd. (2.22%), Cooke & Bieler LP (1.71%) and Victory Capital Management Inc. (1.70%). Insiders that own company stock include David Eric Seip, Elizabeth Adefioye, James D Gray, James P Zallie, Jinghuai Xu, Jorgen Kokke, Larry Fernandes, Stephan B Tanda, 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 $100.18.

Ingredion (NYSE:INGR) has a market capitalization of $6.61 billion and generates $7.95 billion in revenue each year. The company earns $492 million in net income (profit) each year or $7.34 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.