Analysts Set Ingredion Incorporated (NYSE:INGR) Price Target at $122.43

Shares of Ingredion Incorporated (NYSE:INGR) have been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $122.4286.

A number of brokerages have recently commented on INGR. Barclays dropped their price target on Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a report on Wednesday, June 24th. Benchmark reissued a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. UBS Group reaffirmed a “neutral” rating and issued a $114.00 price target on shares of Ingredion in a research report on Thursday, May 7th. Finally, Zacks Research cut shares of Ingredion from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th.

Hedge Funds Weigh In On Ingredion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP raised its stake in shares of Ingredion by 53.1% in the first quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock worth $344,080,000 after purchasing an additional 1,059,324 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Ingredion by 22,036.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock worth $114,351,000 after buying an additional 1,032,421 shares in the last quarter. Norges Bank purchased a new position in Ingredion in the 4th quarter worth about $85,310,000. AQR Capital Management LLC lifted its stake in Ingredion by 143.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock valued at $144,685,000 after acquiring an additional 701,063 shares during the period. Finally, Cooke & Bieler LP lifted its stake in Ingredion by 33.6% during the 4th quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock valued at $133,101,000 after acquiring an additional 303,807 shares during the period. 85.27% of the stock is owned by institutional investors.

Ingredion Trading Down 0.6%

NYSE INGR opened at $94.83 on Friday. The firm has a market capitalization of $5.98 billion, a PE ratio of 9.14, a P/E/G ratio of 0.80 and a beta of 0.60. The stock’s 50 day moving average is $103.48 and its 200 day moving average is $110.33. Ingredion has a twelve month low of $94.44 and a twelve month high of $138.40. The company has a quick ratio of 1.83, a current ratio of 2.76 and a debt-to-equity ratio of 0.40.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, May 5th. The company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Research analysts forecast that Ingredion will post 10.88 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, July 1st. Ingredion’s dividend payout ratio is currently 31.60%.

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.