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Ingredion Incorporated announced a quarterly dividend of $0.80, yielding 2.44%, with a payout ratio of 32.96%. Recent analyst ratings show a shift, with StockNews.com downgrading the stock to "buy" and BMO Capital Markets lowering its price target to $133.00. The company reported earnings of $2.63 per share, exceeding estimates, despite a 6.3% revenue decline year-over-year.
Ingredion Incorporated is a global provider of ingredient solutions, transforming grains, fruits, and vegetables into value-added products for various markets, including food and beverage. The company operates across four regions: North America, South America, Asia Pacific, and EMEA, focusing on starches and sweeteners derived from corn and other starchy materials. Its diverse product lines encompass food-grade and industrial starches, sweeteners, animal feed, and corn oil for human consumption.
Insiders sold 30,056 shares of Ingredion stock valued at $4.12 million last quarter, with corporate insiders owning 1.80% of the stock. Institutional investors hold 85.27% of the company, and UBS Group raised its price target for Ingredion from $165 to $173, indicating a potential upside of 21.18%. The company reported earnings of $3.05 per share, exceeding estimates, despite an 8% revenue decline year-over-year.
The global fat substitutes market is projected to grow at approximately 6% from 2022 to 2028, driven by increasing health consciousness and a shift towards low-fat diets. The carbohydrate-based segment leads the market, with plant sources dominating due to rising demand for plant-based foods. Europe is expected to hold a significant market share, fueled by consumer awareness of health issues and a preference for low-calorie options.
Ingredion Incorporated
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ingredion reports earnings dividend announcement and analyst rating changes
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growth prospects of fat substitutes in the european market through 2028
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