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

Ingredion Incorporated (NYSE:INGR) shares reached a new 52-week low during trading on Wednesday. The stock traded as low as $93.46 and last traded at $94.1610, with a volume of 242,634 shares changing hands. The stock had previously closed at $94.71.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Ingredion from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. UBS Group decreased their price objective on shares of Ingredion from $108.00 to $104.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, Barclays reduced their target price on shares of Ingredion from $118.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 14th. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ingredion currently has an average rating of “Hold” and a consensus price target of $120.29.

Ingredion Trading Up 1.1%

The company has a market capitalization of $6.10 billion, a P/E ratio of 10.55, a PEG ratio of 0.81 and a beta of 0.65. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 1.92. The business’s 50-day moving average price is $98.72 and its two-hundred day moving average price is $105.82.

Ingredion (NYSE:INGR) last posted 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 return on equity of 15.40% and a net margin of 8.21%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the prior year, the business earned $2.87 EPS. Ingredion’s revenue for the quarter was up .9% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, analysts forecast that Ingredion Incorporated will post 10.62 EPS for the current fiscal year.

Ingredion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Thursday, October 1st were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, October 1st. This is a boost from Ingredion’s previous quarterly dividend of $0.82. Ingredion’s dividend payout ratio (DPR) is currently 36.21%.

Insider Transactions at Ingredion

In other Ingredion news, Director David Fischer sold 1,662 shares of Ingredion stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total value of $170,039.22. Following the sale, the director owned 19,930 shares of the company’s stock, valued at $2,039,038.30. This trade represents a 7.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new stake in Ingredion in the 2nd quarter valued at about $618,834,000. First Trust Advisors LP increased its holdings in Ingredion by 53.1% in the 1st quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock valued at $344,080,000 after buying an additional 1,059,324 shares during the period. Equity Investment Corp bought a new stake in shares of Ingredion during the 2nd quarter worth approximately $82,499,000. Caisse de depot et placement du Quebec acquired a new stake in shares of Ingredion during the 2nd quarter worth approximately $61,704,000. Finally, Bank of New York Mellon Corp bought a new position in Ingredion in the second quarter valued at approximately $52,412,000. 85.27% of the stock is owned by institutional investors and hedge funds.

About Ingredion

Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions provider that develops and produces starches, sweeteners, texturizers, fibers, plant-based proteins and other specialty ingredients. The company processes plant-based raw materials, including corn, tapioca, potato, rice and other grains, into ingredients used by manufacturers across a range of industries.

Ingredion’s products support food and beverage applications such as bakery products, dairy and alternative dairy, confectionery, beverages and prepared foods.