Ingredion (INGR) Receives Daily Media Sentiment Rating of 0.20
News coverage about Ingredion (NYSE:INGR) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ingredion earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.6926521696822 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Ingredion Inc (INGR) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- Baldwin Brothers Has Increased By $331645 Its State Street (STT) Position; Waddell & Reed Financial Decreased … – Hill Country Times (hillcountrytimes.com)
- Dietary fibers Market Share, Growth, Trends, and Forecasts (2016–2021) (emailwire.com)
- Global Natural Sweetener Market is estimated to generate US$ 39,091.7 million revenue by 2026 – TMR (forextv.com)
- Global Food Fiber Market Value to Increase to US$ 6 Bn by the End of 2022 (lifepulsehealth.com)
A number of research firms have weighed in on INGR. Credit Suisse Group set a $156.00 price target on Ingredion and gave the company a “buy” rating in a research note on Wednesday. Jefferies Group set a $145.00 target price on Ingredion and gave the stock a “buy” rating in a research report on Sunday, October 29th. BidaskClub upgraded Ingredion from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded Ingredion from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Ingredion has an average rating of “Buy” and a consensus price target of $145.75.
Ingredion (NYSE:INGR) last posted its earnings results on Wednesday, November 1st. The company reported $2.21 EPS for the quarter, topping the Zacks’ consensus estimate of $2.04 by $0.17. Ingredion had a return on equity of 20.92% and a net margin of 8.73%. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the firm earned $1.96 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. equities research analysts forecast that Ingredion will post 7.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Friday, December 29th. Ingredion’s dividend payout ratio (DPR) is currently 34.33%.
In other news, SVP Jorgen Kokke sold 20,674 shares of Ingredion stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $133.00, for a total transaction of $2,749,642.00. Following the sale, the senior vice president now owns 23,119 shares in the company, valued at $3,074,827. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.92% of the stock is currently owned by insiders.
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Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.
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