Ingredion Incorporated (NYSE:INGR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Ingredion Incorporated (NYSE:INGR) have been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $125.8333.

Several analysts have issued reports on the company. iA Financial set a $124.00 target price on Ingredion in a research note on Thursday, November 6th. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. BMO Capital Markets reaffirmed a “market perform” rating on shares of Ingredion in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a report on Monday, December 29th. Finally, Wall Street Zen cut shares of Ingredion from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st.

Insider Transactions at Ingredion

In other Ingredion news, CEO James P. Zallie sold 9,958 shares of Ingredion stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $116.55, for a total value of $1,160,604.90. Following the transaction, the chief executive officer directly owned 33,011 shares of the company’s stock, valued at $3,847,432.05. The trade was a 23.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Larry Fernandes sold 1,125 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total value of $131,118.75. Following the sale, the senior vice president directly owned 30,514 shares of the company’s stock, valued at approximately $3,556,406.70. This trade represents a 3.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 48,311 shares of company stock valued at $5,741,840. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Ingredion by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock valued at $825,556,000 after buying an additional 208,606 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Ingredion by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,939,536 shares of the company’s stock valued at $324,118,000 after acquiring an additional 177,134 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Ingredion by 90.9% during the fourth quarter. First Trust Advisors LP now owns 1,994,825 shares of the company’s stock valued at $219,949,000 after acquiring an additional 950,006 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Ingredion by 53.3% during the fourth quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock worth $201,337,000 after purchasing an additional 634,900 shares during the period. Finally, Snyder Capital Management L P grew its stake in shares of Ingredion by 4.4% in the fourth quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company’s stock worth $152,355,000 after purchasing an additional 57,928 shares during the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Ingredion Stock Down 1.3%

INGR opened at $116.43 on Friday. The stock has a market cap of $7.33 billion, a PE ratio of 10.43, a P/E/G ratio of 0.93 and a beta of 0.71. The company has a quick ratio of 1.73, a current ratio of 2.66 and a debt-to-equity ratio of 0.41. Ingredion has a 52 week low of $102.31 and a 52 week high of $141.78. The business’s fifty day simple moving average is $115.01 and its 200 day simple moving average is $117.05.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.59 by ($0.06). The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.78 billion. Ingredion had a return on equity of 17.32% and a net margin of 10.10%.The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the firm earned $2.63 EPS. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, research analysts expect that Ingredion will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Friday, January 2nd were issued a $0.82 dividend. The ex-dividend date was Friday, January 2nd. This represents a $3.28 annualized dividend and a dividend yield of 2.8%. Ingredion’s payout ratio is currently 29.39%.

Ingredion Company Profile

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.