Media headlines about Ingredion (NYSE:INGR) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ingredion earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.5926301335737 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
Ingredion (NYSE:INGR) opened at 125.45 on Friday. The company has a 50 day moving average price of $123.03 and a 200-day moving average price of $120.75. Ingredion has a 12 month low of $113.07 and a 12 month high of $137.62. The company has a market cap of $9.00 billion, a PE ratio of 18.87 and a beta of 0.59.
Ingredion (NYSE:INGR) last released its earnings results on Tuesday, August 1st. The company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.03. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Ingredion had a return on equity of 20.84% and a net margin of 8.35%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.53 earnings per share. Equities analysts predict that Ingredion will post $7.59 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, October 2nd were paid a dividend of $0.60 per share. This is a boost from Ingredion’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, September 29th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.91%. Ingredion’s dividend payout ratio is currently 36.09%.
Several equities research analysts have issued reports on INGR shares. BidaskClub downgraded Ingredion from a “hold” rating to a “sell” rating in a report on Friday, September 22nd. Zacks Investment Research downgraded Ingredion from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Ingredion presently has a consensus rating of “Hold” and a consensus price target of $140.00.
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In related news, VP James P. Zallie sold 21,862 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $125.04, for a total value of $2,733,624.48. Following the completion of the sale, the vice president now owns 29,306 shares in the company, valued at $3,664,422.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James P. Zallie sold 27,972 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $125.39, for a total value of $3,507,409.08. Following the completion of the sale, the vice president now owns 29,429 shares of the company’s stock, valued at approximately $3,690,102.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,882 shares of company stock worth $6,622,034. Insiders own 1.92% of the company’s stock.
Ingredion Company Profile
Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.
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