Ingredion Incorporated (NYSE:INGR) Receives $122.43 Average PT from Brokerages

Ingredion Incorporated (NYSE:INGR) has been given an average rating of “Hold” by the nine analysts that are presently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $122.4286.

A number of research analysts have recently issued reports on INGR shares. Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. UBS Group reiterated a “neutral” rating and issued a $114.00 price objective on shares of Ingredion in a research report on Thursday, May 7th. Benchmark reissued a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Finally, Barclays cut their price objective 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.

Institutional Investors Weigh In On Ingredion

Hedge funds have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC boosted its holdings in Ingredion by 5.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 69,014 shares of the company’s stock valued at $6,536,000 after purchasing an additional 3,399 shares in the last quarter. Inspirion Wealth Advisors LLC purchased a new position in shares of Ingredion during the 2nd quarter worth approximately $220,000. GAMMA Investing LLC raised its stake in shares of Ingredion by 39.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,373 shares of the company’s stock worth $225,000 after buying an additional 675 shares in the last quarter. Redwood Investment Management LLC acquired a new stake in shares of Ingredion in the 1st quarter valued at approximately $1,037,000. Finally, CoreFirst Bank & Trust lifted its holdings in shares of Ingredion by 122.8% in the 1st quarter. CoreFirst Bank & Trust now owns 1,125 shares of the company’s stock valued at $127,000 after buying an additional 620 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Stock Performance

NYSE INGR opened at $100.05 on Tuesday. The firm has a market cap of $6.31 billion, a P/E ratio of 9.64, a P/E/G ratio of 0.86 and a beta of 0.62. Ingredion has a 52-week low of $94.44 and a 52-week high of $134.77. The business’s 50-day moving average price is $100.01 and its 200 day moving average price is $108.93. 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 posted its quarterly earnings data on Tuesday, May 5th. The company reported $2.34 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.10). Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the prior year, the company earned $2.97 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. On average, equities research analysts expect that Ingredion will post 10.88 earnings per share for the current year.

Ingredion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Wednesday, July 1st. Ingredion’s payout ratio is 31.60%.

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.