Ingredion (INGR) Stock Forecast, Price & News

5 Wall Street 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 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 analysts have issued twelve-month target prices for Ingredion's shares. Their INGR share price forecasts range from $110.00 to $123.00. On average, they expect the company's share price to reach $118.80 in the next year. This suggests a possible upside of 10.4% 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 on January 1st, 2023. Since then, INGR shares have increased by 9.8% and is now trading at $107.56.
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Ingredion saw a decrease in short interest in April. As of April 30th, there was short interest totaling 531,600 shares, a decrease of 39.9% from the April 15th total of 884,400 shares. Based on an average daily volume of 326,600 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.8% of the company's shares are short sold.
View Ingredion's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our INGR earnings forecast.

Ingredion Incorporated (NYSE:INGR) posted its quarterly earnings data on Wednesday, May, 3rd. The company reported $2.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.79. The business earned $2.14 billion during the quarter, compared to analyst estimates of $2.18 billion. Ingredion had a trailing twelve-month return on equity of 17.51% and a net margin of 6.75%. The business's revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.95 EPS.

Ingredion declared a quarterly dividend on Friday, May 19th. Stockholders of record on Monday, July 3rd will be given a dividend of $0.71 per share on Tuesday, July 25th. This represents a $2.84 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Friday, June 30th.
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), 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) 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 2.62%. 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 34.34%. 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 FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $8.70-$9.40 for the period, compared to the consensus EPS estimate of $8.19. 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (9.35%), LSV Asset Management (3.83%), State Street Corp (3.66%), Dimensional Fund Advisors LP (3.50%), Yacktman Asset Management LP (3.43%) and Snyder Capital Management L P (2.16%). Insiders that own company stock include David Eric Seip, Davida Marie Gable, Elizabeth Adefioye, 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 $107.56.

Ingredion (NYSE:INGR) has a market capitalization of $7.10 billion and generates $8.19 billion in revenue each year. The company earns $492 million in net income (profit) each year or $8.27 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.