5 Stocks With Upgraded Broker Ratings to Bet on Right Now
Brokers have deeper insights into stocks and macroeconomic factors. So, one must follow broker rating upgrades to pick stocks like Ingredion (INGR), YETI Holdings (YETI), Dutch Bros (BROS), Heritage Insurance (HRTG) & Genpact (G).
Are Consumer Staples Stocks Lagging Ingredion (INGR) This Year?
Here is how Ingredion (INGR) and New York Times Co. (NYT) have performed compared to their sector so far this year.
Should Value Investors Buy Ingredion (INGR) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Ingredion (INGR) Tops Q2 Earnings Estimates
Ingredion (INGR) came out with quarterly earnings of $2.87 per share, beating the Zacks Consensus Estimate of $2.53 per share. This compares to earnings of $2.32 per share a year ago.
Ingredion: Waiting On Volumes To Recover
Ingredion saw a strong performance in 2023, with sales and earnings increasing significantly. The company reduced net debt and improved operating margins, leading to a strong bottom line result. Unfortunately, the company has relied largely on price hikes, resulting in volume declines in recent years.
3 Plant-Based Stocks That Could Grow Your Wealth
Plant-based stocks have seen somewhat of a decline in recent months, but the long-term outlook remains promising. The concept of plant-based eating is no novelty and has been around for centuries.
Are Investors Undervaluing Ingredion (INGR) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Zacks Industry Outlook Mondelez, Conagra Brands, Lamb Weston and Ingredion
Mondelez, Conagra Brands, Lamb Weston and Ingredion have been highlighted in this Industry Outlook article.
4 Food Stocks to Keep an Eye on as Industry Trends Appear Rosy
The Zacks Food-Miscellaneous industry players have been benefiting from prudent pricing and brand-building strategies amid inflation and volume concerns. Mondelez International (MDLZ), Conagra Brands (CAG), Lamb Weston (LW) and Ingredion Incorporated (INGR) look well-positioned.
INGR vs. CELH: Which Stock Is the Better Value Option?
Investors with an interest in Food - Miscellaneous stocks have likely encountered both Ingredion (INGR) and Celsius Holdings Inc. (CELH). But which of these two companies is the best option for those looking for undervalued stocks?
Should Value Investors Buy Ingredion (INGR) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Foundations Investment Advisors LLC Invests $274,000 in Ingredion Incorporated (NYSE:INGR)
Foundations Investment Advisors LLC bought a new position in shares of Ingredion Incorporated (NYSE:INGR – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,466 shares of the company’s stock, valued at approximately $274,000. A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Ingredion by 7.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 4,004 shares of the company’s stock worth $394,000 after purchasing an additional 266 shares during the period. Allworth Financial LP raised its holdings in Ingredion by 414.1% in the 3rd quarter. Allworth Financial LP now owns 401 shares of the company’s stock valued at $39,000 after acquiring an additional 323 shares in the last quarter. Lmcg Investments LLC lifted its position in shares of Ingredion by 2.1% during the 3rd quarter. Lmcg Investments LLC now owns 18,857 shares of the company’s stock valued at $1,856,000 after acquiring an additional 384 shares during the period. Aspire Private Capital LLC grew its holdings in shares of Ingredion by 31.7% during the 3rd quarter. Aspire Private Capital LLC now owns 2,193 shares of the company’s stock worth $216,000 after purchasing an additional 528 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in shares of Ingredion in the third quarter worth $227,000. Institutional investors and hedge funds own 85.27% of the company’s stock. Analysts Set New Price Targets Several equities research analysts recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of Ingredion from $117.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, May 9th. StockNews.com upgraded shares of Ingredion from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. The Goldman Sachs Group upgraded shares of Ingredion from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $122.00 to $135.00 in a research report on Thursday, February 15th. Barclays raised their target price on Ingredion from $115.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Finally, Stephens reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Ingredion in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $127.17. Read Our Latest Stock Analysis on INGR Ingredion Stock Performance Shares of INGR stock opened at $119.63 on Monday. The business’s 50-day moving average price is $115.62 and its 200-day moving average price is $110.69. The company has a current ratio of 2.44, a quick ratio of 1.39 and a debt-to-equity ratio of 0.47. Ingredion Incorporated has a 12 month low of $89.54 and a 12 month high of $122.18. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 1.12 and a beta of 0.81. Ingredion (NYSE:INGR – Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $2.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.08. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $2.02 billion. Ingredion had a return on equity of 16.56% and a net margin of 8.45%. Ingredion’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.80 earnings per share. Equities research analysts forecast that Ingredion Incorporated will post 9.67 EPS for the current year. Ingredion Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Monday, July 1st will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Monday, July 1st. Ingredion’s dividend payout ratio is presently 31.26%. Insiders Place Their Bets In related news, CFO James D. Gray sold 8,490 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $121.74, for a total value of $1,033,572.60. Following the transaction, the chief financial officer now owns 42,833 shares in the company, valued at $5,214,489.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Ingredion news, CFO James D. Gray sold 8,490 shares of Ingredion stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $121.74, for a total value of $1,033,572.60. Following the completion of the sale, the chief financial officer now directly owns 42,833 shares in the company, valued at $5,214,489.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Larry Fernandes sold 2,369 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $115.08, for a total transaction of $272,624.52. Following the sale, the senior vice president now directly owns 28,966 shares of the company’s stock, valued at approximately $3,333,407.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,779 shares of company stock worth $8,218,681. 1.80% of the stock is currently owned by insiders. Ingredion Company Profile (Free Report) 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. 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