Ingredion (NYSE:INGR) Sets New 1-Year Low – Should You Sell?

Shares of Ingredion Incorporated (NYSE:INGR) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $96.56 and last traded at $98.1460, with a volume of 1304448 shares traded. The stock had previously closed at $97.50.

Analyst Upgrades and Downgrades

Several analysts have weighed in on INGR shares. Zacks Research downgraded Ingredion from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Benchmark reaffirmed a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. UBS Group reiterated a “neutral” rating and issued a $114.00 target price on shares of Ingredion in a research report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a report on Wednesday, June 24th. Finally, Barclays reduced their price target on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $122.43.

Ingredion Stock Down 0.6%

The stock has a market cap of $5.98 billion, a PE ratio of 9.14, a P/E/G ratio of 0.80 and a beta of 0.60. The business has a 50 day moving average price of $103.48 and a 200 day moving average price of $110.33. The company has a quick ratio of 1.83, a current ratio of 2.76 and a debt-to-equity ratio of 0.40.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.97 earnings per share. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Equities research analysts expect that Ingredion Incorporated will post 10.88 EPS for the current fiscal year.

Ingredion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a yield of 3.5%. Ingredion’s dividend payout ratio is 31.60%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Ingredion during the 4th quarter worth about $30,000. GHP Investment Advisors Inc. purchased a new position in shares of Ingredion in the 1st quarter valued at about $33,000. Los Angeles Capital Management LLC acquired a new position in Ingredion in the 4th quarter worth about $36,000. Capital Advisors Ltd. LLC raised its holdings in Ingredion by 40.5% in the 4th quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock worth $39,000 after purchasing an additional 102 shares during the period. Finally, Root Financial Partners LLC boosted its position in Ingredion by 83.7% during the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock worth $42,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors 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.