Oppenheimer Lowers Ingredion (NYSE:INGR) Price Target to $126.00

Ingredion (NYSE:INGR) had its price objective decreased by investment analysts at Oppenheimer from $130.00 to $126.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price objective points to a potential upside of 11.08% from the company’s current price.

A number of other brokerages also recently weighed in on INGR. Stephens reissued an “equal weight” rating and issued a $120.00 price target on shares of Ingredion in a report on Wednesday, February 4th. Wall Street Zen lowered shares of Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research note on Friday, March 27th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. Finally, Barclays upped their price objective on shares of Ingredion from $124.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $124.71.

Ingredion Price Performance

NYSE INGR traded up $0.23 on Wednesday, reaching $113.43. The company’s stock had a trading volume of 47,885 shares, compared to its average volume of 630,571. Ingredion has a twelve month low of $102.31 and a twelve month high of $141.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.73 and a current ratio of 2.66. The stock has a market cap of $7.15 billion, a PE ratio of 10.15, a PEG ratio of 0.90 and a beta of 0.70. The firm’s 50 day moving average is $114.00 and its two-hundred day moving average is $113.56.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). Ingredion had a net margin of 10.10% and a return on equity of 17.32%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the company posted $2.63 earnings per share. Ingredion’s revenue was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, sell-side analysts predict that Ingredion will post 11.52 EPS for the current year.

Insider Buying and Selling at Ingredion

In other Ingredion news, SVP Larry Fernandes sold 1,125 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total transaction of $131,118.75. Following the completion of the sale, the senior vice president directly owned 30,514 shares of the company’s stock, valued at approximately $3,556,406.70. This represents a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Davida Marie Gable sold 375 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total value of $42,165.00. Following the completion of the transaction, the vice president owned 7,110 shares in the company, valued at $799,448.40. This represents a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 48,686 shares of company stock valued at $5,784,010. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ingredion

A number of large investors have recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC increased its holdings in shares of Ingredion by 4.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,221 shares of the company’s stock valued at $250,000 after purchasing an additional 88 shares during the period. Vista Investment Management increased its holdings in shares of Ingredion by 0.8% in the 2nd quarter. Vista Investment Management now owns 10,789 shares of the company’s stock valued at $1,463,000 after purchasing an additional 89 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Ingredion by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company’s stock valued at $2,789,000 after purchasing an additional 91 shares during the period. Teza Capital Management LLC increased its holdings in shares of Ingredion by 4.2% in the 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock valued at $309,000 after purchasing an additional 92 shares during the period. Finally, Truist Financial Corp increased its holdings in shares of Ingredion by 1.8% in the 3rd quarter. Truist Financial Corp now owns 5,318 shares of the company’s stock valued at $649,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

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.