Ingredion (NYSE:INGR) Reaches New 52-Week Low – Here’s Why

Ingredion Incorporated (NYSE:INGR) reached a new 52-week low on Monday . The company traded as low as $96.56 and last traded at $98.1460, with a volume of 1304448 shares. The stock had previously closed at $97.50.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on INGR shares. Barclays reduced their price objective on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Oppenheimer lowered shares of Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. UBS Group reiterated a “neutral” rating and set a $114.00 price target 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, Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a report on Wednesday. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ingredion currently has a consensus rating of “Hold” and a consensus price target of $122.43.

Ingredion Trading Down 1.1%

The company has a 50 day moving average of $104.26 and a 200-day moving average of $110.51. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 0.82 and a beta of 0.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 2.76.

Ingredion (NYSE:INGR) last released 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). The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.97 earnings per share. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. On average, research analysts anticipate that Ingredion Incorporated will post 10.88 earnings per share for the current year.

Ingredion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Ingredion’s dividend payout ratio is presently 31.60%.

Hedge Funds Weigh In On Ingredion

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