Ingredion (NYSE:INGR) Rating Lowered to “Strong Sell” at Zacks Research

Ingredion (NYSE:INGR) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research firms have also recently weighed in on INGR. BMO Capital Markets reaffirmed a “market perform” rating on shares of Ingredion in a research note on Wednesday, February 4th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research note on Friday, March 27th. Oppenheimer lowered their target price on Ingredion from $130.00 to $126.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 22nd. Finally, Wall Street Zen cut Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ingredion presently has a consensus rating of “Hold” and an average target price of $122.43.

Ingredion Price Performance

Shares of Ingredion stock opened at $100.61 on Tuesday. The company’s 50-day moving average price is $110.60 and its two-hundred day moving average price is $111.95. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. The stock has a market cap of $6.34 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 0.84 and a beta of 0.64. Ingredion has a 52 week low of $99.50 and a 52 week high of $140.85.

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

Insider Activity at Ingredion

In related news, VP Davida Marie Gable sold 375 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $112.44, for a total value of $42,165.00. Following the completion of the sale, the vice president owned 7,110 shares of the company’s stock, valued at approximately $799,448.40. The trade was a 5.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ingredion

Several large investors have recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC lifted its holdings in Ingredion by 4.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,221 shares of the company’s stock worth $250,000 after purchasing an additional 88 shares during the last quarter. Vista Investment Management lifted its holdings in Ingredion by 0.8% in the 2nd quarter. Vista Investment Management now owns 10,789 shares of the company’s stock worth $1,463,000 after purchasing an additional 89 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Ingredion by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company’s stock worth $2,789,000 after purchasing an additional 91 shares during the last quarter. Teza Capital Management LLC lifted its holdings in Ingredion by 4.2% in the 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock worth $309,000 after purchasing an additional 92 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in Ingredion by 1.8% in the 3rd quarter. Truist Financial Corp now owns 5,318 shares of the company’s stock worth $649,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

About Ingredion

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.