Ingredion Inc (NASDAQ:INGR) released its quarterly earnings data on Thursday. The company reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.04, AnalystRatings.NET reports.

Ingredion (NASDAQ:INGR) opened at 89.44 on Thursday. Ingredion has a 1-year low of $75.11 and a 1-year high of $99.64. The firm has a market capitalization of $6.40 billion and a P/E ratio of 18.15. The company has a 50-day moving average price of $93.37 and a 200 day moving average price of $90.78.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 25th. Investors of record on Thursday, December 31st were paid a $0.45 dividend. This is a boost from Ingredion’s previous quarterly dividend of $0.26. This represents a $1.80 annualized dividend and a yield of 2.01%. The ex-dividend date was Tuesday, December 29th.

INGR has been the topic of several recent research reports. Jefferies Group initiated coverage on Ingredion in a research report on Tuesday, December 15th. They issued a “buy” rating and a $115.00 price objective on the stock. Zacks Investment Research downgraded Ingredion from a “buy” rating to a “hold” rating in a research note on Monday, October 5th. BMO Capital Markets upped their target price on Ingredion from $90.00 to $95.00 and gave the stock a “market perform” rating in a research note on Friday, October 30th. Finally, Tigress Financial reaffirmed an “underperform” rating on shares of Ingredion in a research note on Wednesday, December 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Ingredion presently has an average rating of “Hold” and a consensus price target of $99.60.

An institutional investor recently bought a new position in Ingredion stock. Simplex Trading purchased a new stake in Ingredion Inc (NASDAQ:INGR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6 shares of the company’s stock, valued at approximately $0.

Ingredion Incorporated is a manufacturer and supplier of starch and sweetener ingredients to a range of industries, including packaged food, beverage, brewing, industrial, pharmaceutical and personal care customers. The Company operates in four business segments: North America, South America, Asia Pacific and EMEA. North America segment consists of operations in the United States, Canada and Mexico and produces a range of both sweeteners and starches. South America segment includes 11 plants that produce regular, modified, waxy and tapioca starches, fructose and maltose syrups and syrup solids, dextrins and maltodextrins, dextrose, specialty starches, caramel color, sorbitol and vegetable adhesives. Asia Pacific segment manufactures corn-based products in South Korea, Australia and China and tapioca-based products in Thailand. EMEA segment includes five plants that produce modified and specialty starches, glucose and dextrose in England, Germany and Pakistan.

12 Month Chart for NASDAQ:INGR

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