According to Zacks, “Ingredion Incorporated is an ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients. The Company serves diverse sectors in food, beverage, brewing, pharmaceuticals and other industries. Its sweetener products include dextrose, glucose, polyols, HFCS and Maltodextrin. The Company’s nutrition solutions include prebiotic fibers, resistant starch, soluble fibers and Inulin fibers. Its starch-based products include both industrial and food-grade starches. Ingredion Incorporated, formerly known as Corn Products International, Inc., is headquartered in Chicago. “
A number of other equities analysts also recently commented on INGR. Vertical Group downgraded Ingredion from a buy rating to a hold rating in a report on Thursday, January 24th. ValuEngine cut Ingredion from a hold rating to a sell rating in a research report on Monday, February 4th. Seaport Global Securities started coverage on Ingredion in a research report on Thursday, February 21st. They set a buy rating for the company. Finally, TheStreet cut Ingredion from a b- rating to a c+ rating in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $118.50.
Ingredion (NYSE:INGR) last released its quarterly earnings data on Thursday, May 2nd. The company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.12). Ingredion had a return on equity of 17.18% and a net margin of 6.70%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the company posted $1.94 EPS. The company’s quarterly revenue was down 3.3% on a year-over-year basis. On average, sell-side analysts anticipate that Ingredion will post 7.06 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 1st were given a dividend of $0.625 per share. The ex-dividend date was Friday, March 29th. This represents a $2.50 dividend on an annualized basis and a yield of 2.97%. Ingredion’s payout ratio is currently 36.13%.
Institutional investors have recently made changes to their positions in the business. Prime Capital Investment Advisors LLC bought a new stake in Ingredion during the first quarter worth approximately $28,000. Capital Investment Advisory Services LLC bought a new stake in shares of Ingredion in the fourth quarter valued at approximately $30,000. Harvest Group Wealth Management LLC bought a new stake in shares of Ingredion in the first quarter valued at approximately $36,000. Rockefeller Capital Management L.P. boosted its position in shares of Ingredion by 122.3% in the first quarter. Rockefeller Capital Management L.P. now owns 429 shares of the company’s stock valued at $41,000 after acquiring an additional 236 shares during the period. Finally, Lavaca Capital LLC bought a new stake in shares of Ingredion in the fourth quarter valued at approximately $48,000. 89.00% of the stock is owned by hedge funds and other institutional investors.
Ingredion Company Profile
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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