INGR · NYSE · Packaged Foods

Ingredion (INGR)

Converts plant-based materials into ingredient solutions for food and industrial markets.

$97.78
vs last close+0.75 (+0.77%)
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Ingredion IncorporatedINGR
Consumer Staples

Converts plant-based materials into value-added ingredients for food, beverage, animal nutrition, brewing, and industrial markets. Its structure pairs global Texture & Healthful Solutions with regional Food & Industrial Ingredients businesses in LATAM and the U.S./Canada.

Turns grains, fruits, vegetables, and other plant-based materials into value-added ingredients for food, beverage, animal nutrition, brewing, and industrial markets. The portfolio includes solutions for texture, sweetening, and nutrition.

The business operates through Texture & Healthful Solutions, Food & Industrial Ingredients–LATAM, and Food & Industrial Ingredients–U.S./Canada, with an All Other category. Product and formulation work draws on global innovation centers and customer collaboration. The reporting structure aligns with how management evaluates performance, makes strategic decisions, and allocates resources.

Operations depend on reliable production facilities; a longer-than-expected recovery at the Argo facility affected F&II–U.S./Canada results.

Company facts

CEOJames P. Zallie
ListedDec 11, 1997
ExchangeNYSE
HeadquartersWestchester, IL
CountryUnited States
Employees11,200
CIK0001046257
ISINUS4571871023

Market cap$6.12B
EPS (ttm)$9.17
P/E (ttm)10.58
ROE13.5%
P/B1.35
P/S0.8480
Dividend yieldDiv yield3.38%
Beta0.09vs XLP 0.61

Price target$116.00+19.6%Average of 21 analysts
ConsensusHold12 of 21 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 5, 2026BarclaysReiterate
Rating: Target: $120
Rating: Equal WeightTarget: $118
Jun 9, 2026OppenheimerDowngrade
Rating: Outperform
Rating: Perform
May 7, 2026UBSTarget
Target: $122
Target: $114
May 6, 2026BarclaysReiterate
Rating: Target: $128
Rating: Equal WeightTarget: $120
Apr 9, 2026UBSReiterate
Rating: Target: $124
Rating: NeutralTarget: $122

Next report
Nov 3, 26
in 42 days
EPS estimate
$2.66
Revenue estimate
$1.80B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$2.63$2.97$2.87$2.75$2.53$2.34$2.82Pending
Estimate$2.54$2.44$2.78$2.73$2.59$2.44$2.71$2.66
Surprise+3.5%+21.7%+3.2%+0.7%−2.3%−4.1%+4.1%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$1.80B$1.81B$1.83B$1.82B$1.76B$1.79B$1.85BPending
Estimate$1.86B$1.88B$1.91B$1.83B$1.79B$1.79B$1.83B$1.80B
Surprise−3.2%−3.8%−3.8%−0.6%−1.6%+0.2%+0.9%
Estimate$2.66
ReportedDue Nov 3, 2026
Estimate$1.80B
ReportedDue Nov 3, 2026
View details

Debt to equity39.40%
Current ratio279.80%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.87B$1.80B$1.81B$1.83B$1.82B$1.76B$1.79B$1.85B
Net income$188.0M$95.0M$197.0M$196.0M$171.0M$165.0M$142.0M$114.0M
Net margin10.1%5.3%10.9%10.7%9.4%9.4%7.9%6.2%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$268.0M$162.0M$276.0M$271.0M$252.0M$220.0M$201.0M$188.0M
YoY growth+25.8%−19.8%+29.6%+12.9%−6.0%+35.8%−27.2%−30.6%

Balance sheet, Jun 30, 2026Cash & short-term investments $952.0M · Total debt $1.78B · Total assets $8.07B · Shareholders' equity $4.52B

Revenue
$1.85B
Operating income
$188.0M
Net income
$114.0M
View details

Dividend yield
3.38%
Next ex-date
Oct 1, 26
in 9 days
Annual dividend
$3.28
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Dividend$0.80$0.80$0.80$0.82$0.82$0.82$0.82$0.83
Annual yield2.32%2.34%2.34%2.65%2.95%2.93%3.43%3.37%
Ex-dateJan 2Apr 1Jul 1Oct 1Jan 2Apr 1Jul 1Oct 1
Payment dateJan 21Apr 22Jul 22Oct 21Jan 20Apr 21Jul 21Oct 20
View details

Institutions≈ 101.76%64.17M shares
623 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders0.81%513.3K shares
25 holders · as of Aug 6, 2026
Adds to102.57%

63.06M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

These groups come from separate filings that can overlap, so they add to 102.57%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
10.36%6.53Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
7.74%4.88Mas of Jun 30, 2026
First Trust Portfolios L.P.Institution
6.30%3.97Mfiled Apr 30, 2026
Dimensional Fund Advisors LPInstitution
5.32%3.36Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
4.50%2.84Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 5, 2026David B. Fischerdirector−1,662$102.31
Mar 31, 2026Jorge A. Uribedirector−1$112.66
Mar 18, 2026Davida Marie Gableofficer: VP Corp. Controller, Finance−375$112.44
Feb 18, 2026Larry Fernandesofficer: SVP, Chief Comm & Sust Officer−1,125$116.55
Feb 18, 2026James P. Zalliedirector, officer: President and CEO−9,958$116.55
View details

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