Ingredion Inc (NYSE:INGR) – Equities research analysts at Seaport Global Securities issued their Q1 2020 earnings per share estimates for Ingredion in a report issued on Tuesday, February 11th. Seaport Global Securities analyst B. Hundley anticipates that the company will post earnings of $1.66 per share for the quarter. Seaport Global Securities also issued estimates for Ingredion’s Q2 2020 earnings at $1.75 EPS, Q3 2020 earnings at $1.85 EPS, Q4 2020 earnings at $1.68 EPS and FY2020 earnings at $6.95 EPS.
A number of other research analysts have also issued reports on the company. TheStreet upgraded Ingredion from a “c+” rating to a “b-” rating in a research report on Friday, December 27th. Credit Suisse Group boosted their price objective on Ingredion from $77.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday. Stephens boosted their price objective on Ingredion from $97.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, January 2nd. BMO Capital Markets boosted their price objective on Ingredion from $90.00 to $104.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, Zacks Investment Research lowered Ingredion from a “hold” rating to a “sell” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $99.50.
Ingredion (NYSE:INGR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.13. Ingredion had a return on equity of 17.69% and a net margin of 6.67%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Tuesday, December 31st. Ingredion’s payout ratio is currently 36.42%.
In other Ingredion news, SVP Elizabeth Adefioye sold 2,779 shares of Ingredion stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $89.31, for a total transaction of $248,192.49. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 2,780 shares of company stock worth $248,282 in the last ninety days. 0.56% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans raised its stake in shares of Ingredion by 0.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 17,445 shares of the company’s stock worth $1,622,000 after buying an additional 120 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Ingredion by 2.6% in the 4th quarter. LS Investment Advisors LLC now owns 5,259 shares of the company’s stock worth $489,000 after buying an additional 133 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Ingredion by 1.1% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 12,380 shares of the company’s stock worth $1,151,000 after buying an additional 140 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Ingredion by 34.6% in the 4th quarter. Advisory Services Network LLC now owns 548 shares of the company’s stock worth $51,000 after buying an additional 141 shares in the last quarter. Finally, CIBC World Markets Inc. raised its stake in shares of Ingredion by 0.5% in the 4th quarter. CIBC World Markets Inc. now owns 29,972 shares of the company’s stock worth $2,786,000 after buying an additional 146 shares in the last quarter. 86.12% of the stock is currently 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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