Ingredion (NYSE:INGR) Sets New 52-Week Low – Time to Sell?

Shares of Ingredion Incorporated (NYSE:INGR) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $97.08 and last traded at $97.0450, with a volume of 57215 shares. The stock had previously closed at $97.93.

Wall Street Analyst Weigh In

INGR has been the subject of a number of research analyst reports. UBS Group reissued a “neutral” rating and set a $114.00 target price on shares of Ingredion in a report on Thursday, May 7th. Barclays dropped their price target on Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Zacks Research downgraded Ingredion from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Oppenheimer lowered Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Finally, Benchmark reaffirmed a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $122.43.

Ingredion Price Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 2.76. The stock’s 50 day simple moving average is $105.88 and its two-hundred day simple moving average is $110.87. The firm has a market capitalization of $6.19 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.82 and a beta of 0.60.

Ingredion (NYSE:INGR) last issued its earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share 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 company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the firm earned $2.97 earnings per share. The company’s revenue for the quarter 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, sell-side analysts forecast that Ingredion Incorporated will post 10.88 EPS for the current year.

Ingredion Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC raised its stake in Ingredion by 32.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company’s stock worth $281,000 after purchasing an additional 514 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Ingredion by 63.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,694 shares of the company’s stock valued at $499,000 after buying an additional 1,440 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Ingredion by 9.0% during the 1st quarter. NewEdge Advisors LLC now owns 9,687 shares of the company’s stock worth $1,310,000 after buying an additional 797 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Ingredion by 5.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company’s stock valued at $13,712,000 after buying an additional 5,255 shares during the period. Finally, Focus Partners Wealth raised its position in shares of Ingredion by 5.6% during the 1st quarter. Focus Partners Wealth now owns 3,636 shares of the company’s stock valued at $492,000 after buying an additional 192 shares during the period. Hedge funds and other 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.