Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. It operates through four segments: North America; South America; Asia Pacific; and Europe, Middle East, and Africa. The company offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, and glucose syrup solids, as well as food-grade and industrial starches, biomaterials, and nutrition ingredients. It also provides edible corn oil; refined corn oil to packers of cooking oil and to producers of margarine, salad dressings, shortening, mayonnaise, and other foods; and corn gluten feed used as protein feed for chickens, pet food, and aquaculture, as well as fruit and vegetable products, such as concentrates, purees and essences, pulse proteins, and hydrocolloids systems and blends. The company's products are derived primarily from processing corn and other starch-based materials, such as tapioca, potato, and rice. It serves food, beverage, paper and corrugating products, brewing, pharmaceutical, textile, and personal care industries, as well as animal feed markets. The company was formerly known as Corn Products International, Inc. and changed its name to Ingredion Incorporated in June 2012. Ingredion Incorporated was founded in 1906 and is headquartered in Westchester, Illinois.
IPO Year:
Exchange: NYSE
Website: ingredion.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/9/2024 | $122.00 → $145.00 | Equal Weight → Overweight | Barclays |
| 2/15/2024 | $122.00 → $135.00 | Neutral → Buy | Goldman |
| 9/29/2023 | $120.00 | Outperform | Oppenheimer |
| 4/14/2023 | $115.00 | Market Perform | BMO Capital Markets |
| 4/13/2023 | $105.00 → $121.00 | Neutral → Buy | UBS |
| 1/23/2023 | $105.00 → $110.00 | Overweight → Equal Weight | Barclays |
| 1/17/2023 | $100.00 → $120.00 | Equal-Weight → Overweight | Stephens |
| 9/30/2022 | $89.00 | Neutral | UBS |
| 4/12/2022 | $102.00 → $94.00 | Outperform → Neutral | Credit Suisse |
| 11/9/2021 | $115.00 | Overweight | Barclays |
Ingredion Incorporated (NYSE:INGR), a global provider of specialty ingredients and innovation leader in plant-based sugar reduction, today announced food safety authorities in the United Kingdom have provided expedited approval for the use of PureCircle™ by Ingredion's steviol glycosides produced from bioconversion. This approval greatly increases access to the stevia leaf's best tasting molecules for food and beverage products
Analysts' ratings for Ingredion (NYSE:INGR) over the last quarter vary from bullish to bearish, as provided by 4 analysts. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 0 1 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $128.0, along with a high estimate of $135.00 and a low estimate of $120.00. Surpassing the previous average price target o
BMO Capital analyst Andrew Strelzik maintains Ingredion (NYSE:INGR) with a Market Perform and raises the price target from $117 to $120.
Ingredion Incorporated (NYSE:INGR) reported first-quarter adjusted earnings per share of $2.08, beating the Wall Street view of $2.06. The company reported quarterly sales of $1.882 billion, missing the analyst consensus of $2.011 billion. Revenues slumped 12% from the year-ago period, driven by both price mix and volume declines, partially offset by foreign exchange impacts. In a bid to reshape the portfolio and redeploy assets, the company said it completed the sale of South Korean business. The impact of the South Korea divestiture resulted in a $51 million decrease in sales volume for the period. “We maintained our gross margins above 22% as the strength of our business model e
Ingredion (NYSE:INGR) reported quarterly earnings of $3.23 per share which beat the analyst consensus estimate of $2.63 by 22.81 percent. The company reported quarterly sales of $1.882 billion which missed the analyst consensus estimate of $2.011 billion by 6.43 percent. This is a 11.93 percent decrease over sales of $2.137 billion the same period last year.
LBB Specialties (LBBS), a leader in specialty chemicals and ingredient distribution in North America, announces a new partnership with Ingredion Incorporated (NYSE:INGR), a leading global provider of high-performance plant-based ingredient solutions to diversified industries including personal care products. LBB Specialties will be Ingredion's exclusive channel partner in the United States and Canada for its personal care product portfolio, including FARMAL™ bio-based polymers and NATIVACARE™ natural polymers. LBB Specialties will be Ingredion's exclusive channel partner in the U.S. and Canada for its personal care portfolio.This collaboration marks a significant step forward in LBB Specialt
In the last three months, 4 analysts have published ratings on Ingredion (NYSE:INGR), offering a diverse range of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 1 0 0 Last 30D 0 0 1 0 0 1M Ago 2 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $130.5, a high estimate of $135.00, and a low estimate of $122.00. Witnessing a positive shift, the current aver
Barclays analyst Benjamin Theurer maintains Ingredion (NYSE:INGR) with a Equal-Weight and raises the price target from $115 to $122.
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WESTCHESTER, Ill., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions for food, beverage and industrial applications, and Lantmännen announce a new long-term collaboration. Lantmännen is an agricultural cooperative and Northern Europe's leading player in agriculture, bioenergy, food and ingredients. The collaboration will begin with the fulfillment of European market needs for competitive, sustainably sourced, and high quality pea protein isolates and various facets of sales, product innovation, and process enhancement. Lantmännen will invest more than 100 million euros in a state-of–the-art factory in Sweden, while part
WESTCHESTER, Ill., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food and beverage industry, today announced the appointment of Mark Karns as vice president, corporate development and M&A, effective December 2, 2024. Karns will serve as a member of the executive leadership team and will report to Jim Zallie, president and chief executive officer. Karns' role will lead a combined corporate strategy and M&A function to align and optimize Ingredion's strategic growth agenda while driving the execution of M&A projects across the company. "Mark is an experienced leader who has driven enterprise-wide impacts throu
Third quarter 2024 reported and adjusted* operating income increased 26% and 29% compared to prior yearThird quarter 2024 reported and adjusted EPS were $2.83 and $3.05, an increase of 20% and 31%, respectivelyRaising guidance for full-year reported EPS to be in the range of $10.60 to $10.90 and adjusted EPS to be in the range of $10.35 to $10.65 WESTCHESTER, Ill., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food and beverage manufacturing industry, today reported its 2024 third quarter results. "Texture & Healthful Solutions exhibited robust sales volume growth in the third quarter, which supported do
WESTCHESTER, Ill., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food and beverage industry, invites the investment community to join Texture Innovation Day via webcast on November 14, 2024. This novel event will explore the vital role of texture in creating memorable food experiences for consumers and demonstrate how texture solutions drive innovation through functional, taste and affordability benefits. This live event will be broadcast from Ingredion's Idea Labs® Global Innovation Center in Bridgewater, New Jersey. The presentation will begin at 9 a.m. (ET) and is expected to end at approximately 10:30 a.m
Burnaby, B.C., Oct. 17, 2024 (GLOBE NEWSWIRE) -- In the race to meet the growing demand for new protein options, the ability to match the taste, texture, price and nutrition characteristics of their traditional counterparts is key to unlocking new markets around the world. Today, Protein Industries Canada announced a project focused on improving these characteristics in a variety of plant-based cheese products. Project partners Daiya Foods, Ingredion, Ingredion Plant Based Protein Specialties (IPBPS) and Lovingly Made Flour Mills are combining their expertise to use Canadian pulses, such as pea and fava, in the development of new protein ingredients and plant-based cheeses. By focusing o
WESTCHESTER, Ill., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food manufacturing industry, will release its 2024 third quarter financial results for the period ended September 30, 2024, before the market opens Tuesday, November 5, 2024. Jim Zallie, president and chief executive officer and Jim Gray, executive vice president and chief financial officer, will host a conference call November 5th at 8 a.m. CT to discuss the Company's financial performance. The conference call and accompanying slide presentation will be webcast live at https://ir.ingredionincorporated.com/events-and-presentations. Participant
WESTCHESTER, Ill., Aug. 27, 2024 (GLOBE NEWSWIRE) -- The board of directors of Ingredion Incorporated (NYSE:INGR) declared a quarterly dividend of $0.80 per share on the Company's common stock. The dividend is payable on Oct. 22, 2024, to stockholders of record at the close of business on Oct. 1, 2024. This is the tenth consecutive year Ingredion's board approved a quarterly dividend increase in the third quarter. About the CompanyIngredion Incorporated (NYSE:INGR), headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in nearly 120 countries. With 2023 annual net sales of approximately $8 billion, the Company turns grains, fruits, ve
WESTCHESTER, Ill., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food and beverage industry, has been named a finalist for the National Safety Council's (NSC) Green Cross for Safety® awards. The NSC awards are designed to honor companies that have demonstrated an outstanding commitment to safety and health. Ingredion is a finalist in the "Safety Excellence" category, which recognizes organizations with a proven track record combining innovative approaches to awareness and comprehensive employee engagement. "By continuously reinforcing our foundational ‘Care First' culture, both in the workplace and at home,
Second quarter 2024 reported and adjusted operating income* declined 4% and grew 8%, respectively, compared to prior yearSecond quarter 2024 reported and adjusted EPS* were $2.22 and $2.87, a decrease of 8% and an increase of 24%, respectivelyRaising guidance for full-year reported EPS to be in the range of $10.20 to $10.70 and adjusted EPS to be in the range of $9.70 to $10.20 WESTCHESTER, Ill., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food and beverage manufacturing industry, today reported results for the second quarter of 2024. The results, reported in accordance w
WESTCHESTER, Ill., July 17, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food manufacturing industry, will release its 2024 second quarter financial results for the period ended June 30, 2024, before the market opens Tuesday, August 6, 2024. Jim Zallie, president and chief executive officer and Jim Gray, executive vice president and chief financial officer, will host a conference call August 6 at 8 a.m. CT to discuss the Company's financial performance. The conference call and accompanying slide presentation will be webcast live at https://ir.ingredionincorporated.com/events-and-presentations. Participants are encour
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Third quarter 2024 reported and adjusted* operating income increased 26% and 29% compared to prior yearThird quarter 2024 reported and adjusted EPS were $2.83 and $3.05, an increase of 20% and 31%, respectivelyRaising guidance for full-year reported EPS to be in the range of $10.60 to $10.90 and adjusted EPS to be in the range of $10.35 to $10.65 WESTCHESTER, Ill., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food and beverage manufacturing industry, today reported its 2024 third quarter results. "Texture & Healthful Solutions exhibited robust sales volume growth in the third quarter, which supported do
WESTCHESTER, Ill., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food manufacturing industry, will release its 2024 third quarter financial results for the period ended September 30, 2024, before the market opens Tuesday, November 5, 2024. Jim Zallie, president and chief executive officer and Jim Gray, executive vice president and chief financial officer, will host a conference call November 5th at 8 a.m. CT to discuss the Company's financial performance. The conference call and accompanying slide presentation will be webcast live at https://ir.ingredionincorporated.com/events-and-presentations. Participant
WESTCHESTER, Ill., Aug. 27, 2024 (GLOBE NEWSWIRE) -- The board of directors of Ingredion Incorporated (NYSE:INGR) declared a quarterly dividend of $0.80 per share on the Company's common stock. The dividend is payable on Oct. 22, 2024, to stockholders of record at the close of business on Oct. 1, 2024. This is the tenth consecutive year Ingredion's board approved a quarterly dividend increase in the third quarter. About the CompanyIngredion Incorporated (NYSE:INGR), headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in nearly 120 countries. With 2023 annual net sales of approximately $8 billion, the Company turns grains, fruits, ve
Second quarter 2024 reported and adjusted operating income* declined 4% and grew 8%, respectively, compared to prior yearSecond quarter 2024 reported and adjusted EPS* were $2.22 and $2.87, a decrease of 8% and an increase of 24%, respectivelyRaising guidance for full-year reported EPS to be in the range of $10.20 to $10.70 and adjusted EPS to be in the range of $9.70 to $10.20 WESTCHESTER, Ill., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food and beverage manufacturing industry, today reported results for the second quarter of 2024. The results, reported in accordance w
WESTCHESTER, Ill., July 17, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food manufacturing industry, will release its 2024 second quarter financial results for the period ended June 30, 2024, before the market opens Tuesday, August 6, 2024. Jim Zallie, president and chief executive officer and Jim Gray, executive vice president and chief financial officer, will host a conference call August 6 at 8 a.m. CT to discuss the Company's financial performance. The conference call and accompanying slide presentation will be webcast live at https://ir.ingredionincorporated.com/events-and-presentations. Participants are encour
WESTCHESTER, Ill., May 15, 2024 (GLOBE NEWSWIRE) -- Today, the board of directors of Ingredion Incorporated (NYSE:INGR) declared a quarterly dividend of $0.78 per share on the Company's common stock. The dividend is payable on July 23, 2024, to stockholders of record at the close of business on July 1, 2024. About the CompanyIngredion Incorporated (NYSE:INGR), headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in nearly 120 countries. With 2023 annual net sales of approximately $8 billion, the Company turns grains, fruits, vegetables, and other plant-based materials into value-added ingredient solutions for the food, beverage, anim
First quarter 2024 reported and adjusted EPS* were $3.23 and $2.08, an increase of 13% and decrease of 26%, respectivelyCompleted sale of South Korea business, another step in reshaping the portfolio and redeploying assetsRaising guidance for full-year reported EPS to be in the range of $10.35 to $11.00 and adjusted EPS to be in the range of $9.20 to $9.85For the second quarter 2024, the Company expects operating income to be up low to mid-single-digits WESTCHESTER, Ill., May 08, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food and beverage manufacturing industry, today reported results for the first quarter of 20
WESTCHESTER, Ill., April 17, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food manufacturing industry, will release its 2024 first quarter financial results for the period ended March 31, 2024, before the market opens Wednesday, May 8, 2024. Jim Zallie, president and chief executive officer and Jim Gray, executive vice president and chief financial officer, will host a conference call May 8 at 8 a.m. CT to discuss the Company's financial performance. The conference call and accompanying slide presentation will be webcast live at https://ir.ingredionincorporated.com/events-and-presentations. Participants are encourage
WESTCHESTER, Ill., March 13, 2024 (GLOBE NEWSWIRE) -- Today, the board of directors of Ingredion Incorporated (NYSE:INGR) declared a quarterly dividend of $0.78 per share on the Company's common stock. The dividend is payable on April 23, 2024, to stockholders of record at the close of business on April 1, 2024. About the CompanyIngredion Incorporated (NYSE:INGR), headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in nearly 120 countries. With 2023 annual net sales of approximately $8 billion, the Company turns grains, fruits, vegetables, and other plant-based materials into value-added ingredient solutions for the food, beverage
Fourth quarter 2023 reported and adjusted operating income* grew 29% and 21%, respectivelyFull-year 2023 reported and adjusted EPS* were $9.60 and $9.42, an increase of 31% and 26%, respectively, which includes S. Korea business results that contributed $0.47 and $0.45, respectivelyFull-year 2023 cash from operations was $1,057 million, up from $152 million in 2022The Company expects its full-year 2024 outlook for reported EPS to be in the range of $10.20 to $11.15 and adjusted EPS to be in the range of $9.15 to $9.85, reflecting the impact of the S. Korea business divestiture WESTCHESTER, Ill., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provi
WESTCHESTER, Ill., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food and beverage industry, today announced the appointment of Mark Karns as vice president, corporate development and M&A, effective December 2, 2024. Karns will serve as a member of the executive leadership team and will report to Jim Zallie, president and chief executive officer. Karns' role will lead a combined corporate strategy and M&A function to align and optimize Ingredion's strategic growth agenda while driving the execution of M&A projects across the company. "Mark is an experienced leader who has driven enterprise-wide impacts throu
WESTCHESTER, Ill., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food and beverage industry, invites the investment community to join Texture Innovation Day via webcast on November 14, 2024. This novel event will explore the vital role of texture in creating memorable food experiences for consumers and demonstrate how texture solutions drive innovation through functional, taste and affordability benefits. This live event will be broadcast from Ingredion's Idea Labs® Global Innovation Center in Bridgewater, New Jersey. The presentation will begin at 9 a.m. (ET) and is expected to end at approximately 10:30 a.m
WESTCHESTER, Ill., April 15, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food and beverage industry, today announced the appointment of Dr. Michael Leonard to the role of senior vice president, chief innovation officer and head of protein fortification, effective May 13, 2024. Leonard will serve as a member of the Company's executive leadership team and will report to Jim Zallie, president and chief executive officer. Over his 21-year career, Leonard has led product development and commercialization across multiple food and beverage categories in domestic and global markets, with a focus on the Asia-Pacific region w
WESTCHESTER, Ill., Nov. 17, 2021 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food manufacturing industry, today announced the appointment of two executives to its leadership team reporting to Jim Zallie, Ingredion's president and chief executive officer. Tanya Jaeger de Foras has been named senior vice president, chief legal officer, corporate secretary and chief compliance officer, effective November 29. In this position, Jaeger de Foras will be responsible for the oversight of the Company's global legal, corporate governance, compliance, and government relations functions. Jaeger de Foras brings more than two decades
WESTCHESTER, Ill., Aug. 19, 2021 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food and beverage manufacturing industry, today announced the appointment of Catherine Suever to its board of directors, effective August 17. "Catherine is an accomplished executive who brings more than 35 years of strategic, global financial experience and proven leadership to our board," said Jim Zallie, Ingredion's president and chief executive officer. "Her deep understanding of business and financial operations and board experience will strengthen our board's decision making as we work to deliver long-term value for our shareholders."
Barclays upgraded Ingredion from Equal Weight to Overweight and set a new price target of $145.00 from $122.00 previously
Goldman upgraded Ingredion from Neutral to Buy and set a new price target of $135.00 from $122.00 previously
Oppenheimer initiated coverage of Ingredion with a rating of Outperform and set a new price target of $120.00
BMO Capital Markets resumed coverage of Ingredion with a rating of Market Perform and set a new price target of $115.00
UBS upgraded Ingredion from Neutral to Buy and set a new price target of $121.00 from $105.00 previously
Barclays downgraded Ingredion from Overweight to Equal Weight and set a new price target of $110.00 from $105.00 previously
Stephens upgraded Ingredion from Equal-Weight to Overweight and set a new price target of $120.00 from $100.00 previously
UBS initiated coverage of Ingredion with a rating of Neutral and set a new price target of $89.00
Credit Suisse downgraded Ingredion from Outperform to Neutral and set a new price target of $94.00 from $102.00 previously
Barclays initiated coverage of Ingredion with a rating of Overweight and set a new price target of $115.00