News headlines about Ingredion (NYSE:INGR) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ingredion earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.6885106262085 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of brokerages recently issued reports on INGR. Stephens upgraded Ingredion from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, November 15th. Zacks Investment Research lowered Ingredion from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. BidaskClub upgraded Ingredion from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Credit Suisse Group reiterated an “outperform” rating and set a $145.00 price objective (up previously from $140.00) on shares of Ingredion in a research note on Thursday, November 2nd. Finally, Jefferies Group set a $145.00 price objective on Ingredion and gave the company a “buy” rating in a research note on Sunday, October 29th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Ingredion presently has a consensus rating of “Buy” and an average price target of $140.00.
Ingredion (NYSE INGR) traded down $0.10 during midday trading on Monday, hitting $139.80. The company’s stock had a trading volume of 215,000 shares, compared to its average volume of 427,509. The stock has a market cap of $10,046.73, a price-to-earnings ratio of 20.03, a P/E/G ratio of 1.64 and a beta of 0.72. Ingredion has a twelve month low of $113.07 and a twelve month high of $142.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.41 and a quick ratio of 1.53.
Ingredion (NYSE:INGR) last released its quarterly earnings data on Wednesday, November 1st. The company reported $2.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.17. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.52 billion. Ingredion had a return on equity of 20.92% and a net margin of 8.73%. The company’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the business posted $1.96 EPS. sell-side analysts expect that Ingredion will post 7.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, December 29th. Ingredion’s dividend payout ratio (DPR) is presently 34.38%.
In other news, SVP Jorgen Kokke sold 20,674 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $133.00, for a total transaction of $2,749,642.00. Following the sale, the senior vice president now directly owns 23,119 shares in the company, valued at approximately $3,074,827. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.92% of the stock is owned by company insiders.
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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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