Analysts Set Ingredion Incorporated (NYSE:INGR) Price Target at $158.20

Ingredion Incorporated (NYSE:INGR) has been given an average rating of “Moderate Buy” by the five analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $158.20.

Several analysts recently weighed in on the stock. BMO Capital Markets reduced their price objective on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. StockNews.com downgraded shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Stephens dropped their price target on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, Oppenheimer decreased their price objective on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th.

Insider Activity at Ingredion

In related news, CEO James P. Zallie sold 10,815 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the transaction, the chief executive officer now directly owns 34,127 shares of the company’s stock, valued at approximately $4,295,906.76. This represents a 24.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ingredion

Several hedge funds and other institutional investors have recently modified their holdings of INGR. BOK Financial Private Wealth Inc. acquired a new stake in Ingredion in the 4th quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Ingredion during the fourth quarter valued at about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Ingredion by 653.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company’s stock worth $31,000 after acquiring an additional 196 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Ingredion in the 4th quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Ingredion by 32.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock worth $44,000 after acquiring an additional 79 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Ingredion Trading Down 4.2 %

NYSE INGR opened at $130.69 on Wednesday. The company has a market cap of $8.39 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.03 and a beta of 0.71. Ingredion has a twelve month low of $109.51 and a twelve month high of $155.44. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47. The business’s fifty day moving average is $131.47 and its 200 day moving average is $136.45.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.09. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the firm posted $1.65 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, sell-side analysts expect that Ingredion will post 11.14 EPS for the current fiscal year.

Ingredion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be paid a $0.80 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $3.20 annualized dividend and a dividend yield of 2.45%. Ingredion’s dividend payout ratio is currently 32.96%.

Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.