Brokerages Set Ingredion Incorporated (NYSE:INGR) Price Target at $122.43

Ingredion Incorporated (NYSE:INGR) has been assigned an average recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $122.4286.

Several equities research analysts have issued reports on INGR shares. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a report on Friday, March 27th. Barclays dropped their price objective on Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Oppenheimer dropped their price objective on Ingredion from $130.00 to $126.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Benchmark assumed coverage on Ingredion in a report on Tuesday, March 17th. They set a “buy” rating and a $130.00 price objective on the stock. Finally, Zacks Research downgraded Ingredion from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th.

Ingredion Price Performance

INGR stock opened at $100.11 on Monday. 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 has a 52-week low of $98.29 and a 52-week high of $140.47. The stock’s 50 day moving average is $108.36 and its two-hundred day moving average is $111.33. The company has a market capitalization of $6.31 billion, a PE ratio of 9.64, a P/E/G ratio of 0.83 and a beta of 0.60.

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). Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the prior year, the firm earned $2.97 earnings per share. Ingredion’s revenue for the quarter was down 1.2% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Analysts predict that Ingredion will post 10.88 earnings per share for the current fiscal year.

Ingredion Announces Dividend

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

Insider Buying and Selling at Ingredion

In other 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 directly owned 7,110 shares in the company, valued at approximately $799,448.40. The trade was a 5.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ingredion

A number of institutional investors have recently made changes to their positions in INGR. Dover Advisors LLC bought a new position in Ingredion during the 3rd quarter worth $1,710,000. Algert Global LLC grew its stake in Ingredion by 75.7% during the 3rd quarter. Algert Global LLC now owns 105,598 shares of the company’s stock worth $12,895,000 after buying an additional 45,510 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Ingredion by 4.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,762,402 shares of the company’s stock worth $337,311,000 after buying an additional 114,521 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Ingredion by 22,036.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock worth $114,351,000 after buying an additional 1,032,421 shares during the last quarter. Finally, Fieldview Capital Management LLC grew its stake in Ingredion by 211.7% during the 3rd quarter. Fieldview Capital Management LLC now owns 48,864 shares of the company’s stock worth $5,967,000 after buying an additional 33,189 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors.

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.