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INGR $138.19

INGR target price
138.19
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0
Ingredion Incorporated
Type
Public
Traded as NYSE: INGR
S&P 400 Component
Industry food, beverage, pharmaceutical, animal feed, corrugating, paper, textile, Health & Wellness
Founded 1906 (1906)
Headquarters Westchester, Illinois, United States
Key people
Ilene S. Gordon, Chairman, President and CEO
Products sweeteners, starches, syrups, glucose, oil
Revenue $5.704 billion (2016)
Number of employees
>11,000 (2016)
Website www.ingredion.com

Ingredion Incorporated (formerly Corn Products International, Inc) is an ingredient solutions provider based in Westchester, Illinois. The company turns corn, tapioca, potatoes, and other vegetables and fruits into ingredients for the food, beverage, brewing, and pharmaceutical industries and numerous industrial sectors. It has more than 11,000 employees around the world, and customers in more than 60 markets in over 40 countries. In 2015, net sales were $5.6 billion.

The company, which began as Corn Products Refining Co. and later as "CPC," was founded by the merger of leading US corn refiners in 1906. It supplied the raw materials for Argo cornstarch and Mazola corn oil.

CPC acquired starch factories in Europe from 1919 until 1987 when they were sold to the French sugar manufacture Béghin-Say and renamed Cerestar.

In 1981, CPC formed a partnership with Texaco to produce bioethanol at a plant in Pekin, Illinois. In 1995, the plant was sold to Williams Companies and, in 2003, continued as Aventine Renewable Energy. The company has a facility in nearby Mapleton, Illinois, along U.S. Route 24, which is part of an industrial area, a major area employer.

The Bestfoods division of the company known for brands Maizena, Knorr, Hellmann's / Best Foods mayonnaise, and Skippy Peanut Butter existed from 1958 until 1997 when the company split into Bestfoods, a packaged-foods company, and Corn Products International, a starch and sweeteners company. Ingredion is a Fortune 1000 Company.

In October 2010, CPI acquired National Starch of Dutch paints firm AkzoNobel for $1.3 billion in cash. It also took on pension and employee benefit liabilities.

The combined company employs approximately 11,000 people in North America, South America, Europe, the Middle East, Africa, and Asia-Pacific. It operates 37 manufacturing facilities in 15 countries and sales offices in 29 countries. Ingredion Idea Labs Research and ingredient development centers are located in key global markets. In 2012, the company was renamed Ingredion.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-31 Future report Set alerts
Q2 2022 2022-08-09 2.12 2.12
Q1 2022 2022-05-05 1.95 1.95
Q4 2021 2022-02-03 1.09 1.09
Q3 2021 2021-11-02 1.67 1.67
Q2 2021 2021-08-03 2.05 2.05
Q1 2021 2021-05-04 1.85 1.85
Q4 2020 2021-02-03 1.75 1.75
Q3 2020 2020-11-02 0.00 0.00
Q2 2020 2020-08-04 1.12 0.98

Ratings

2016-06-15 Boost Price Target Citigroup Inc. Buy $130.00 to $140.00
2016-05-05 Reiterated Rating Jefferies Group Buy $130.00
2016-03-04 Boost Price Target Credit Suisse Outperform $108.00 to $115.00
2016-03-04 Boost Price Target Credit Suisse Group AG Outperform $108.00 to $115.00
2016-01-29 Boost Price Target Goldman Sachs Sell $81.00 to $84.00
2016-01-29 Boost Price Target Credit Suisse Outperform $100.00 to $108.00
2016-01-29 Boost Price Target BMO Capital Markets Market Perform $95.00 to $100.00
2016-01-29 Boost Price Target Goldman Sachs Group Inc. Sell $81.00 to $84.00
2016-01-28 Upgrade Stephens Equal Weight to Overweight
2015-12-23 Reiterated Rating Tigress Financial Underperform
2015-12-15 Initiated Coverage Jefferies Group Buy $115.00
2015-10-30 Boost Price Target BMO Capital Markets Market Perform $90.00 to $95.00
2015-09-14 Upgrade Citigroup Inc. Neutral to Buy $100.00
2015-09-08 Reiterated Rating Canaccord Genuity Buy $103.00
2015-08-03 Boost Price Target Citigroup Inc. Neutral $80.00 to $90.00
2015-07-30 Reiterated Rating Canaccord Genuity Buy $96.00
2015-07-07 Initiated Coverage Vertical Research Hold $85.00
2015-06-25 Initiated Coverage Canaccord Genuity Buy $96.00
2015-04-10 Initiated Coverage Tigress Financial Underperform
2015-01-15 Downgrade Goldman Sachs Neutral to Sell
2014-11-18 Downgrade Standpoint Research Buy to Hold
2014-10-14 Upgrade Standpoint Research Hold to Buy
2014-09-12 Boost Price Target Credit Suisse $80.00 to $85.00
2014-09-03 Downgrade Standpoint Research Buy to Hold
2014-07-31 Reiterated Rating Citigroup Inc. Neutral $71.00 to $80.00
2014-07-10 Downgrade Stephens Overweight to Equal Weight
2014-06-18 Downgrade BB&T Capital Mkts Buy to Hold
2014-06-18 Downgrade BB&T Corp. Buy to Hold
2014-06-18 Initiated Coverage WallachBeth Capital Hold $16.00
2014-06-17 Initiated Coverage Credit Suisse Buy $75.00 to $95.00
2014-06-17 Boost Price Target KeyBanc Buy $75.00 to $95.00
2014-05-16 Boost Price Target Standpoint Research Buy $72.00 to $84.00
2014-05-01 Reiterated Rating Citigroup Inc. Hold $71.00
2014-04-16 Initiated Coverage Credit Suisse Outperform $80.00
2014-02-07 Lower Price Target BMO Capital Markets $74.00 to $72.00
2014-02-07 Lower Price Target BB&T Corp. $78.00 to $75.00
2014-01-08 Downgrade BMO Capital Markets Outperform to Market Perform $75.00 to $74.00
2013-11-01 Lower Price Target Barclays Equal Weight $72.00 to $69.00
2013-09-23 Reiterated Rating Goldman Sachs Hold $68.00
2013-09-23 Boost Price Target BB&T Corp. Buy $83.00
2013-06-13 Initiated Barclays Equal Weight $78
2016-06-15 Boost Price Target Citigroup Inc. Buy $130.00 to $140.00
2016-05-05 Reiterated Rating Jefferies Group Buy $130.00
2016-03-04 Boost Price Target Credit Suisse Outperform $108.00 to $115.00
2016-03-04 Boost Price Target Credit Suisse Group AG Outperform $108.00 to $115.00
2016-01-29 Boost Price Target Goldman Sachs Sell $81.00 to $84.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
GORDON ILENE S Chairman, President and CEO 0.37%  (273992) AJG / INGR / IP / LMT /
FORTNUM JACK C Exec. VP and Pres., N. America 0.15%  (115149) INGR /
BEEBE CHERYL K Exec. VP and Advisor to CEO 0.14%  (101387) CVG / INGR / PKG /
Zallie James P. Ex VP Global Spec & Pres NA 0.06%  (41781) INGR / IPHS /
HANRAHAN PAUL T 0.05%  (39484) ACI / AES / INGR / WAAS /
KENNY GREGORY B 0.05%  (38893) AKS / BGC / CAH / INGR /
KLEIN BARBARA A 0.04%  (30178) CCMP / INGR /
Frisch Diane J Sr. VP, Human Resources 0.04%  (29497) INGR /
RINGLER JAMES M 0.04%  (26218) ALV / DOW / FTI / INGR / JBT / TDC /
ARANGUREN LUIS 0.03%  (25667) INGR /
ALMEIDA RICHARD J 0.03%  (25505) INGR /
Saucier John F. Sr VP, Corp Strat & Glob Bus 0.03%  (22252) INGR /
dos Reis Julio Sr VP and Pres, S. A. Ingr Sol 0.03%  (20590) INGR /
HENDRICKS KAREN L 0.02%  (18674) INGR /
Kokke Jorgen VP and GM, Asia-Pacific 0.02%  (15345) INGR /
de Abreu Souza Ricardo Sr VP and Pres, S A Ingr Sol 0.02%  (15100) INGR /
HUNTER KIMBERLY A Corporate Treasurer 0.02%  (15048) INGR /
Wilson Dwayne Andree 0.02%  (12878) AKS / INGR /
DELIO ANTHONY P Sr VP and Chief Innovation Off 0.02%  (12366) INGR /
Gray James D Executive VP and CFO 0.02%  (11289) INGR /
Jordan Rhonda L 0.01%  (10640) CFX / INGR /
Hewett Wayne M. 0.01%  (10462) HD / INGR / PAH /
Peres Pousada Ernesto JR SVP and Pres., South America 0.01%  (9686) INGR /
Galvanoni Matthew R Vice Pres and Corp Controller 0.01%  (8628) INGR /
Stefansic Robert J. Sr VP, Oper Excel, EHS & Sust 0.01%  (7446) INGR /
Fischer David B 0.01%  (6028) BCPC / GEF / INGR /
REICH VICTORIA 0.01%  (5466) ECL / HRB / INGR /