Ingredion (NYSE:INGR) Announces Quarterly Earnings Results

Ingredion (NYSE:INGR) released its quarterly earnings data on Tuesday. The company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.11, FiscalAI reports. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.87 earnings per share. Ingredion updated its FY 2026 guidance to 10.300-10.900 EPS.

Here are the key takeaways from Ingredion’s conference call:

• Second-quarter results were mixed: net sales rose 1% to $1.85 billion, while adjusted operating income fell 5% to $258 million and adjusted EPS declined $0.05 year over year.
• Texture & Healthful Solutions remained the growth engine, with volume up 7% for the ninth consecutive quarter and operating income reaching its second-highest level ever, supported by clean-label, protein, fiber, and health-and-wellness demand.
• Argo’s operational recovery progressed: the facility returned to normal production rates by the end of June, and management expects margins to improve toward historical levels by year-end, although some costs will continue flowing through inventory in the third quarter.
• The Tate & Lyle acquisition cleared shareholder approval, advancing the regulatory process; Ingredion continues to cite $130 million in expected run-rate synergies by 2030, more than 15% adjusted EPS accretion in the first full year, and a path to below 2.5x net leverage within 18 months of closing.
• Input-cost and regional pressures remain: tapioca prices are up more than 40% since the start of the year, while Mexico’s macroeconomic and currency headwinds persist; full-year adjusted operating income is now expected to decline mid-single digits, with U.S./Canada operating income down 20%–25%.

Ingredion Price Performance

INGR traded up $1.85 on Tuesday, reaching $102.28. The stock had a trading volume of 224,667 shares, compared to its average volume of 745,315. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 0.84 and a beta of 0.62. 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 firm has a 50-day moving average of $99.93 and a 200-day moving average of $108.39. Ingredion has a fifty-two week low of $94.44 and a fifty-two week high of $130.48.

Ingredion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Wednesday, July 1st. Ingredion’s dividend payout ratio is currently 31.60%.

Institutional Investors Weigh In On Ingredion

Several institutional investors and hedge funds have recently made changes to their positions in INGR. Los Angeles Capital Management LLC acquired a new stake in shares of Ingredion during the fourth quarter worth $36,000. Caitong International Asset Management Co. Ltd increased its holdings in Ingredion by 166.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 381 shares of the company’s stock worth $47,000 after purchasing an additional 238 shares in the last quarter. DV Equities LLC bought a new stake in Ingredion in the fourth quarter worth approximately $55,000. Johnson Financial Group Inc. boosted its holdings in shares of Ingredion by 221.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 626 shares of the company’s stock worth $76,000 after buying an additional 431 shares in the last quarter. Finally, Quarry LP boosted its holdings in shares of Ingredion by 246.6% during the 4th quarter. Quarry LP now owns 766 shares of the company’s stock worth $84,000 after buying an additional 545 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on INGR shares. UBS Group restated a “neutral” rating and set a $114.00 target price on shares of Ingredion in a research note on Thursday, May 7th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Benchmark restated a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Barclays lowered their target price on Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Finally, Weiss Ratings downgraded Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $122.43.

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.