Ingredion (NYSE:INGR) Stock Rating Upgraded by Stephens

Stephens upgraded shares of Ingredion (NYSE:INGR) to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

Several other analysts have also commented on INGR. Barclays raised their price objective on shares of Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. BMO Capital Markets lifted their target price on shares of Ingredion from $128.00 to $147.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. StockNews.com lowered shares of Ingredion from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. UBS Group lifted their target price on shares of Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Oppenheimer lifted their target price on shares of Ingredion from $147.00 to $178.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Ingredion currently has an average rating of “Moderate Buy” and a consensus price target of $155.17.

Ingredion Stock Performance

Shares of INGR opened at $149.41 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.67 and a quick ratio of 1.69. Ingredion has a one year low of $104.68 and a one year high of $155.44. The company has a 50-day simple moving average of $140.39 and a two-hundred day simple moving average of $129.19. The firm has a market capitalization of $9.74 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $3.05 EPS for the quarter, topping the consensus estimate of $2.58 by $0.47. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the business posted $2.33 earnings per share. Ingredion’s quarterly revenue was down 8.0% compared to the same quarter last year. On average, analysts anticipate that Ingredion will post 10.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Larry Fernandes sold 4,700 shares of Ingredion stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $153.41, for a total transaction of $721,027.00. Following the transaction, the senior vice president now owns 29,034 shares in the company, valued at $4,454,105.94. This trade represents a 13.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO James D. Gray sold 54,869 shares of Ingredion stock in a transaction on Friday, November 29th. The stock was sold at an average price of $146.76, for a total transaction of $8,052,574.44. Following the transaction, the chief financial officer now owns 12,795 shares in the company, valued at $1,877,794.20. This represents a 81.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,197 shares of company stock valued at $9,702,315. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC lifted its stake in shares of Ingredion by 5.7% during the 3rd quarter. Signaturefd LLC now owns 1,570 shares of the company’s stock valued at $216,000 after buying an additional 85 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Ingredion by 0.5% during the 3rd quarter. Tidal Investments LLC now owns 19,905 shares of the company’s stock valued at $2,720,000 after buying an additional 94 shares in the last quarter. Seelaus Asset Management LLC lifted its stake in shares of Ingredion by 3.3% during the 3rd quarter. Seelaus Asset Management LLC now owns 3,285 shares of the company’s stock valued at $451,000 after buying an additional 105 shares in the last quarter. Conscious Wealth Investments LLC lifted its stake in shares of Ingredion by 0.4% during the 2nd quarter. Conscious Wealth Investments LLC now owns 25,165 shares of the company’s stock valued at $2,967,000 after buying an additional 106 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Ingredion by 102.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 233 shares of the company’s stock valued at $27,000 after buying an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

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.