Ingredion Incorporated (NYSE:INGR) Stock Has Consensus Target Price of $120.29 According to Brokerages

Shares of Ingredion Incorporated (NYSE:INGR) have been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $120.29.

A number of analysts have weighed in on the company. Barclays decreased their price target on Ingredion from $118.00 to $115.00 and set an “equal weight” rating for the company in a report on Wednesday, October 14th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. UBS Group dropped their price objective on Ingredion from $108.00 to $104.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, Weiss Ratings upgraded Ingredion from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd.

Insider Transactions at Ingredion

In other Ingredion news, Director David Fischer sold 1,662 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total transaction of $170,039.22. Following the transaction, the director directly owned 19,930 shares in the company, valued at approximately $2,039,038.30. This represents a 7.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Ingredion

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Ingredion in the second quarter valued at $618,834,000. Dimensional Fund Advisors LP increased its position in shares of Ingredion by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,115,136 shares of the company’s stock worth $350,952,000 after acquiring an additional 175,600 shares in the last quarter. First Trust Advisors LP increased its position in shares of Ingredion by 53.1% during the first quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock worth $344,080,000 after acquiring an additional 1,059,324 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Ingredion by 46.9% in the 1st quarter. Quantinno Capital Management LP now owns 930,771 shares of the company’s stock worth $104,861,000 after acquiring an additional 297,007 shares during the last quarter. Finally, Equity Investment Corp acquired a new stake in shares of Ingredion in the 2nd quarter worth about $82,499,000. Institutional investors own 85.27% of the company’s stock.

Ingredion Price Performance

Ingredion stock opened at $97.11 on Thursday. The stock’s fifty day moving average price is $98.53 and its two-hundred day moving average price is $105.74. Ingredion has a one year low of $93.30 and a one year high of $123.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 1.92. The firm has a market cap of $6.12 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 0.83 and a beta of 0.65.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.11. Ingredion had a return on equity of 15.40% and a net margin of 8.21%. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the prior year, the company earned $2.87 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, research analysts expect that Ingredion will post 10.62 EPS for the current fiscal year.

Ingredion Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Thursday, October 1st were paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 3.4%. This is a boost from Ingredion’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Thursday, October 1st. Ingredion’s payout ratio is presently 36.21%.

About Ingredion

Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions provider that develops and produces starches, sweeteners, texturizers, fibers, plant-based proteins and other specialty ingredients. The company processes plant-based raw materials, including corn, tapioca, potato, rice and other grains, into ingredients used by manufacturers across a range of industries.

Ingredion’s products support food and beverage applications such as bakery products, dairy and alternative dairy, confectionery, beverages and prepared foods.