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Ingredion (INGR) Stock Price, News & Analysis

Ingredion logo
$138.19 -0.59 (-0.43%)
(As of 12/20/2024 05:31 PM ET)

About Ingredion Stock (NYSE:INGR)

Key Stats

Today's Range
$137.50
$140.52
50-Day Range
$132.76
$154.78
52-Week Range
$106.03
$155.44
Volume
1.46 million shs
Average Volume
400,663 shs
Market Capitalization
$9.00 billion
P/E Ratio
13.48
Dividend Yield
2.32%
Price Target
$155.17
Consensus Rating
Moderate Buy

Company Overview

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. The company offers starch products for use in a range of processed foods; cornstarch; specialty paper starches for enhanced drainage, fiber retention, oil and grease resistance, improved printability, and biochemical oxygen demand control; starches and specialty starches for textile industry; industrial starches are used in the production of construction materials, textiles, adhesives, pharmaceuticals, and cosmetics, as well as in mining and water filtration; and specialty industrial starches for use in biomaterial applications, including biodegradable plastics, fabric softeners and detergents, hair and skin care applications, dusting powders for surgical gloves, and in the production of glass fiber and insulation. It also provides sweetener products comprising glucose syrups, high maltose syrup, high fructose corn syrup, dextrose, polyols, maltodextrin, glucose syrup solids, and non-genetically modified organism syrups for applications in food and beverage products, such as baked goods, snack foods, canned fruits, condiments, candy and other sweets, dairy products, ice cream, jams and jellies, prepared mixes, table syrups, and beverages. In addition, the company sells refined corn oil, corn gluten feed, and corn gluten meal; and other products, including fruit and vegetable products, such as concentrates, purees, and essences, as well as pulse proteins and hydrocolloids systems and blends. The company was formerly known as Corn Products International, Inc. and changed its name to Ingredion Incorporated in June 2012. Ingredion Incorporated was founded in 1906 and is headquartered in Westchester, Illinois.

Ingredion Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
99th Percentile Overall Score

INGR MarketRank™: 

Ingredion scored higher than 99% of companies evaluated by MarketBeat, and ranked 1st out of 146 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Ingredion has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Ingredion has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Ingredion's stock forecast and price target.
  • Earnings Growth

    Earnings for Ingredion are expected to grow by 5.38% in the coming year, from $10.59 to $11.16 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Ingredion is 13.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.81.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Ingredion is 13.48, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 21.97.

  • Price to Earnings Growth Ratio

    Ingredion has a PEG Ratio of 1.24. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Ingredion has a P/B Ratio of 2.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    0.80% of the float of Ingredion has been sold short.
  • Short Interest Ratio / Days to Cover

    Ingredion has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Ingredion has recently decreased by 7.25%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Ingredion pays a meaningful dividend of 2.26%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Ingredion has been increasing its dividend for 14 years.

  • Dividend Coverage

    The dividend payout ratio of Ingredion is 31.22%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Ingredion will have a dividend payout ratio of 28.67% next year. This indicates that Ingredion will be able to sustain or increase its dividend.

  • Read more about Ingredion's dividend.
  • Percentage of Shares Shorted

    0.80% of the float of Ingredion has been sold short.
  • Short Interest Ratio / Days to Cover

    Ingredion has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Ingredion has recently decreased by 7.25%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Ingredion has a news sentiment score of 1.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Consumer Staples companies.
  • News Coverage This Week

    MarketBeat has tracked 11 news articles for Ingredion this week, compared to 8 articles on an average week.
  • Search Interest

    Only 3 people have searched for INGR on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.
  • MarketBeat Follows

    8 people have added Ingredion to their MarketBeat watchlist in the last 30 days. This is an increase of 60% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Ingredion insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $9,702,461.00 in company stock.

  • Percentage Held by Insiders

    Only 1.80% of the stock of Ingredion is held by insiders.

  • Percentage Held by Institutions

    85.27% of the stock of Ingredion is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Ingredion's insider trading history.
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INGR Stock News Headlines

Ingredion declares $0.80 dividend
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INGR Stock Analysis - Frequently Asked Questions

Ingredion's stock was trading at $108.53 at the beginning of 2024. Since then, INGR stock has increased by 27.3% and is now trading at $138.19.
View the best growth stocks for 2024 here
.

Ingredion Incorporated (NYSE:INGR) announced its quarterly earnings results on Tuesday, November, 5th. The company reported $3.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.58 by $0.47. The company's quarterly revenue was down 8.0% on a year-over-year basis.

The following companies are subsidiaries of Ingredion: KaTech, Verdient Foods, Pure Circle, TIC Gums, Sun Flour Industry - RIice Ingredients Business, Shandong Huanong Specialty Corn Development, Kerr Concentrates, and more.

Ingredion's top institutional shareholders include State Street Corp (3.74%), Yacktman Asset Management LP (2.81%), Pacer Advisors Inc. (2.49%) and Massachusetts Financial Services Co. MA (2.37%). Insiders that own company stock include James P Zallie, Jorgen Kokke, Larry Fernandes, Jinghuai Xu, David Eric Seip, Robert A Ritchie, James D Gray, Jorge A Uribe, Valdirene Bastos-Evans, Davida Marie Gable and Valdirene Bastos-Licht.
View institutional ownership trends
.

Shares of INGR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Ingredion investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

Ex-Dividend for 10/22 Dividend
10/01/2024
Dividend Payable
10/22/2024
Last Earnings
11/05/2024
Today
12/22/2024
Fiscal Year End
12/31/2024
Ex-Dividend for 1/21 Dividend
1/02/2025
Dividend Payable
1/21/2025

Industry, Sector and Symbol

Industry
Grain mill products
Sub-Industry
Agricultural Products
CUSIP
45718710
Employees
11,600
Year Founded
1906

Price Target and Rating

Average Stock Price Target
$155.17
High Stock Price Target
$178.00
Low Stock Price Target
$130.00
Potential Upside/Downside
+12.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$643 million
Pretax Margin
12.65%

Debt

Sales & Book Value

Annual Sales
$7.55 billion
Cash Flow
$12.47 per share
Book Value
$54.49 per share

Miscellaneous

Free Float
63,985,000
Market Cap
$9.00 billion
Optionable
Optionable
Beta
0.74

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This page (NYSE:INGR) was last updated on 12/23/2024 by MarketBeat.com Staff
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