Ingredion (NYSE:INGR) Announces Earnings Results

Ingredion (NYSE:INGR) issued its earnings results on Tuesday. The company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.11, FiscalAI reports. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. Ingredion had a return on equity of 15.86% and a net margin of 9.36%.Ingredion’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.87 earnings per share. Ingredion updated its FY 2026 guidance to 10.300-10.900 EPS.

Here are the key takeaways from Ingredion’s conference call:

• Second-quarter results were mixed: net sales rose 1% to $1.85 billion, while adjusted operating income fell 5% to $258 million and adjusted EPS declined $0.05 year over year.
• Texture & Healthful Solutions remained the growth engine, with volume up 7% for the ninth consecutive quarter and operating income reaching its second-highest level ever, supported by clean-label, protein, fiber, and health-and-wellness demand.
• Argo’s operational recovery progressed: the facility returned to normal production rates by the end of June, and management expects margins to improve toward historical levels by year-end, although some costs will continue flowing through inventory in the third quarter.
• The Tate & Lyle acquisition cleared shareholder approval, advancing the regulatory process; Ingredion continues to cite $130 million in expected run-rate synergies by 2030, more than 15% adjusted EPS accretion in the first full year, and a path to below 2.5x net leverage within 18 months of closing.
• Input-cost and regional pressures remain: tapioca prices are up more than 40% since the start of the year, while Mexico’s macroeconomic and currency headwinds persist; full-year adjusted operating income is now expected to decline mid-single digits, with U.S./Canada operating income down 20%–25%.

Ingredion Trading Up 1.1%

Shares of Ingredion stock traded up $1.08 during trading on Tuesday, hitting $101.50. The stock had a trading volume of 164,372 shares, compared to its average volume of 744,930. Ingredion has a 1 year low of $94.44 and a 1 year high of $130.48. The stock has a 50 day simple moving average of $99.93 and a 200 day simple moving average of $108.39. The company has a quick ratio of 1.83, a current ratio of 2.76 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $6.40 billion, a PE ratio of 9.77, a P/E/G ratio of 0.84 and a beta of 0.62.

Ingredion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.2%. Ingredion’s payout ratio is 31.60%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on INGR shares. UBS Group reaffirmed a “neutral” rating and issued a $114.00 price objective on shares of Ingredion in a report on Thursday, May 7th. Weiss Ratings lowered shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Benchmark restated a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Ingredion currently has a consensus rating of “Hold” and a consensus price target of $122.43.

Institutional Trading of Ingredion

A number of hedge funds have recently modified their holdings of the business. First Trust Advisors LP raised its stake in Ingredion by 90.9% during the 4th quarter. First Trust Advisors LP now owns 1,994,825 shares of the company’s stock valued at $219,949,000 after purchasing an additional 950,006 shares during the last quarter. AQR Capital Management LLC grew its position in Ingredion by 143.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock worth $144,685,000 after purchasing an additional 701,063 shares during the last quarter. Voloridge Investment Management LLC increased its holdings in shares of Ingredion by 108.1% during the 4th quarter. Voloridge Investment Management LLC now owns 413,375 shares of the company’s stock worth $45,579,000 after purchasing an additional 214,716 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Ingredion by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,939,536 shares of the company’s stock valued at $324,118,000 after buying an additional 177,134 shares during the last quarter. Finally, Corient Private Wealth LLC raised its position in shares of Ingredion by 612.5% during the fourth quarter. Corient Private Wealth LLC now owns 199,244 shares of the company’s stock valued at $21,969,000 after buying an additional 171,281 shares during the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Company Profile

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.