News articles about Ingredion (NYSE:INGR) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ingredion earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.5637403499429 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- INGREDION TO PRESENT AT BMO CAPITAL MARKETS 13TH ANNUAL FARM TO MARKET CONFERENCE IN NEW YORK (finance.yahoo.com)
- Ingredion Incorporated (INGR) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Organic Rice Starch Market 2018 Global Analysis By Key Players – BENEO, Ingredion, Bangkok starch, Thai Flour, AGRANA, WFM Wholesome Foods (openpr.com)
- INGR Makes Notable Cross Below Critical Moving Average (nasdaq.com)
- Ingredion Incorporated — Moody’s Upgrades Ingredion to Baa1; Outlook Stable (finance.yahoo.com)
INGR has been the subject of a number of research reports. ValuEngine raised Ingredion from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Zacks Investment Research raised Ingredion from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a research report on Wednesday, January 17th. Finally, Credit Suisse Group set a $156.00 price target on Ingredion and gave the company a “buy” rating in a research report on Wednesday, January 10th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $146.00.
Ingredion (NYSE:INGR) last issued its earnings results on Thursday, February 1st. The company reported $1.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.74 by ($0.01). Ingredion had a return on equity of 20.42% and a net margin of 8.63%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the company earned $1.67 EPS. Ingredion’s quarterly revenue was up 24.2% on a year-over-year basis. research analysts expect that Ingredion will post 8.3 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Monday, April 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, March 29th. Ingredion’s payout ratio is 31.17%.
In related news, SVP Martin Sonntag sold 16,602 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $135.01, for a total value of $2,241,436.02. Following the transaction, the senior vice president now owns 9,875 shares in the company, valued at $1,333,223.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Robert J. Stefansic sold 9,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $129.62, for a total value of $1,166,580.00. The disclosure for this sale can be found here. Insiders sold 40,541 shares of company stock valued at $5,424,781 in the last ninety days. Company insiders own 1.80% of the company’s stock.
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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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