Ingredion Incorporated (NYSE:INGR) Stock Has Average Price Target of $121.29 According to Brokerages

Shares of Ingredion Incorporated (NYSE:INGR) have received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $120.71.

A number of research analysts have commented on INGR shares. Benchmark reiterated a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Barclays cut their target price on shares of Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of Ingredion from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Finally, UBS Group dropped their price target on shares of Ingredion from $108.00 to $104.00 and set a “neutral” rating for the company in a research note on Monday.

Insider Activity at Ingredion

In related news, Director David Fischer sold 1,662 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total transaction of $170,039.22. Following the completion of the transaction, the director owned 19,930 shares in the company, valued at approximately $2,039,038.30. The trade was a 7.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Ingredion

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Ingredion during the 2nd quarter worth $618,834,000. First Trust Advisors LP grew its stake in Ingredion by 53.1% in the first quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock valued at $344,080,000 after acquiring an additional 1,059,324 shares during the period. Equity Investment Corp acquired a new position in Ingredion in the second quarter valued at about $82,499,000. Norges Bank bought a new stake in shares of Ingredion in the fourth quarter worth about $85,310,000. Finally, Caisse de depot et placement du Quebec bought a new stake in shares of Ingredion in the second quarter worth about $61,704,000. Institutional investors own 85.27% of the company’s stock.

Ingredion Trading Up 0.0%

INGR opened at $96.86 on Friday. Ingredion has a 1-year low of $93.97 and a 1-year high of $123.49. The stock has a market capitalization of $6.11 billion, a PE ratio of 10.56, a PEG ratio of 0.82 and a beta of 0.65. The company has a current ratio of 2.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $101.23 and a two-hundred day moving average price of $103.58.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.11. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the business earned $2.87 earnings per share. Ingredion’s quarterly revenue was up .9% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, equities analysts anticipate that Ingredion will post 10.76 earnings per share for the current fiscal year.

Ingredion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Thursday, October 1st will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This is a positive change from Ingredion’s previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a yield of 3.4%. Ingredion’s payout ratio is currently 36.21%.

Ingredion Company Profile

Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions company that develops and produces plant-based ingredients for food, beverage, animal nutrition, brewing, and industrial applications. Its portfolio includes sweeteners, starches, fibers, texturizers, nutrition ingredients, and other specialty solutions designed to improve taste, texture, stability, nutrition, and functionality.

The company processes plant-based raw materials, including corn, tapioca, potato, rice, and stevia, into ingredients used in products such as baked goods, dairy and plant-based foods, beverages, confectionery, sauces, and personal care products.