Shares of Ingredion Incorporated (NYSE:INGR) have been given an average rating of “Hold” by the eight brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $144.75.
A number of research analysts recently issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and set a $145.00 price objective on shares of Ingredion in a research note on Wednesday, April 26th. BidaskClub upgraded Ingredion from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 15th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $125.00 price objective on shares of Ingredion in a research note on Wednesday, April 12th.
Shares of Ingredion (NYSE:INGR) traded up 0.39% during midday trading on Friday, hitting $123.10. 274,634 shares of the stock were exchanged. Ingredion has a 52-week low of $113.07 and a 52-week high of $140.00. The stock has a market cap of $8.82 billion, a P/E ratio of 19.05 and a beta of 0.60. The firm’s 50 day moving average price is $118.19 and its 200-day moving average price is $120.22.
Ingredion (NYSE:INGR) last announced its quarterly earnings data on Wednesday, May 3rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.07. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion. Ingredion had a return on equity of 20.94% and a net margin of 8.14%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.74 EPS. On average, equities research analysts expect that Ingredion will post $7.57 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Friday, June 30th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.62%. Ingredion’s dividend payout ratio (DPR) is presently 31.01%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. National Pension Service increased its position in Ingredion by 108.9% in the second quarter. National Pension Service now owns 894 shares of the company’s stock valued at $105,000 after buying an additional 466 shares during the last quarter. Assetmark Inc. increased its position in Ingredion by 105.3% in the first quarter. Assetmark Inc. now owns 975 shares of the company’s stock valued at $118,000 after buying an additional 500 shares during the last quarter. Penserra Capital Management LLC increased its position in Ingredion by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,242 shares of the company’s stock valued at $149,000 after buying an additional 108 shares during the last quarter. Global X Management Co. LLC increased its position in Ingredion by 30.0% in the first quarter. Global X Management Co. LLC now owns 1,325 shares of the company’s stock valued at $160,000 after buying an additional 306 shares during the last quarter. Finally, WFG Advisors LP increased its position in Ingredion by 0.4% in the first quarter. WFG Advisors LP now owns 1,367 shares of the company’s stock valued at $165,000 after buying an additional 5 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.
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Ingredion Company Profile
Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.
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