News coverage about Ingredion (NYSE:INGR) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ingredion earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.2565731256072 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Ingredion (INGR) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- First Week of INGR May 18th Options Trading (nasdaq.com)
- Ingredion (INGR) Rating Lowered to Hold at ValuEngine (americanbankingnews.com)
- Global Research on Agricultural Films Market Forecast 2018-2025 Ingredion, Cargill, Arla Foods, Incorporated (openpr.com)
- Zacks Investment Research Upgrades Ingredion (INGR) to Hold (americanbankingnews.com)
Several brokerages have issued reports on INGR. Credit Suisse Group set a $156.00 price target on shares of Ingredion and gave the company a “buy” rating in a research report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Ingredion from a “hold” rating to a “buy” rating and set a $158.00 price target for the company in a research report on Wednesday, January 24th. Finally, ValuEngine cut shares of Ingredion from a “buy” rating to a “hold” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $146.00.
Ingredion (NYSE:INGR) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.73 EPS for the quarter, missing the Zacks’ consensus estimate of $1.74 by ($0.01). Ingredion had a net margin of 8.63% and a return on equity of 20.42%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the company posted $1.67 earnings per share. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. analysts predict that Ingredion will post 8.3 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Monday, April 2nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Thursday, March 29th. Ingredion’s dividend payout ratio is currently 31.17%.
In other news, SVP Martin Sonntag sold 16,602 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $135.01, for a total value of $2,241,436.02. Following the sale, the senior vice president now directly owns 9,875 shares of the company’s stock, valued at approximately $1,333,223.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Robert J. Stefansic sold 9,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $129.62, for a total transaction of $1,166,580.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,541 shares of company stock worth $5,424,781. Insiders own 1.92% of the company’s stock.
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Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, glucose and syrup solids, as well as food-grade and industrial starches, and biomaterials.
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