Ingredion (NYSE:INGR) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Ingredion (NYSE:INGR) from a strong sell rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.

Other analysts have also recently issued reports about the company. Benchmark reaffirmed a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Oppenheimer lowered Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. UBS Group reiterated a “neutral” rating and issued a $114.00 price target on shares of Ingredion in a research note on Thursday, May 7th. Finally, Barclays lowered their price target on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $122.43.

Ingredion Price Performance

Shares of Ingredion stock opened at $99.27 on Tuesday. The business has a 50 day moving average of $100.50 and a 200 day moving average of $109.30. Ingredion has a 52 week low of $94.44 and a 52 week high of $135.90. The company has a market cap of $6.26 billion, a PE ratio of 9.56, a P/E/G ratio of 0.82 and a beta of 0.62. 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 released its quarterly earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.10). The company had revenue of $1.79 billion during 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 revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, equities research analysts forecast that Ingredion will post 10.88 earnings per share for the current year.

Ingredion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be issued a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.3%. Ingredion’s dividend payout ratio (DPR) is presently 31.60%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Ingredion by 2.9% during the fourth 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 last quarter. Dimensional Fund Advisors LP raised its position in Ingredion by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,115,136 shares of the company’s stock worth $350,952,000 after buying an additional 175,600 shares during the last quarter. First Trust Advisors LP lifted its stake in Ingredion by 53.1% during the 1st quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock valued at $344,080,000 after acquiring an additional 1,059,324 shares during the period. AQR Capital Management LLC lifted its stake in Ingredion by 53.3% during the 4th quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock valued at $201,337,000 after acquiring an additional 634,900 shares during the period. Finally, Snyder Capital Management L P grew its position in Ingredion by 4.4% in the 4th 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 period. 85.27% of the stock is owned by institutional investors.

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.