Ingredion (NYSE:INGR) Given New $126.00 Price Target at Oppenheimer

Ingredion (NYSE:INGR) had its price target trimmed by Oppenheimer from $130.00 to $126.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts have also commented on INGR. Benchmark began coverage on shares of Ingredion in a research note on Tuesday, March 17th. They set a “buy” rating and a $130.00 price objective for the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of Ingredion in a research note on Wednesday, February 4th. Wall Street Zen lowered shares of Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research note on Friday, March 27th. Finally, UBS Group reduced their price objective on shares of Ingredion from $124.00 to $122.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $124.71.

Ingredion Price Performance

Shares of NYSE INGR opened at $112.74 on Wednesday. Ingredion has a twelve month low of $102.31 and a twelve month high of $141.78. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 0.89 and a beta of 0.70. The firm has a 50-day moving average of $113.85 and a two-hundred day moving average of $113.56.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). Ingredion had a net margin of 10.10% and a return on equity of 17.32%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the company posted $2.63 earnings per share. Ingredion’s revenue was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, analysts expect that Ingredion will post 11.52 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Wednesday, April 1st were issued a $0.82 dividend. The ex-dividend date was Wednesday, April 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.9%. Ingredion’s dividend payout ratio is currently 29.39%.

Insider Activity

In other news, SVP Larry Fernandes sold 3,630 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $118.40, for a total value of $429,792.00. Following the transaction, the senior vice president owned 32,055 shares in the company, valued at $3,795,312. This represents a 10.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James P. Zallie sold 33,597 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $119.66, for a total value of $4,020,217.02. Following the completion of the transaction, the chief executive officer owned 50,167 shares in the company, valued at $6,002,983.22. This represents a 40.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,686 shares of company stock worth $5,784,010 in the last 90 days. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Ingredion

A number of large investors have recently made changes to their positions in INGR. WPG Advisers LLC increased its holdings in shares of Ingredion by 100.8% in the 3rd quarter. WPG Advisers LLC now owns 245 shares of the company’s stock valued at $30,000 after purchasing an additional 123 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Ingredion in the 4th quarter valued at about $30,000. GHP Investment Advisors Inc. acquired a new position in shares of Ingredion in the 1st quarter valued at about $33,000. Root Financial Partners LLC acquired a new position in shares of Ingredion in the 3rd quarter valued at about $36,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Ingredion in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Company Profile

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.