Here’s all you need to know about Ingredion (NYSE: INGR) stock - Kalkine Media

March 14, 2023 12:03 AM PDT | By Raza Naqvi
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  • In 2022, the reported adjusted EPS of Ingredion were US$ 7.34.
  • The company last announced a dividend of US$ 0.71 apiece.
  • Ingredion's stock trades on the New York Stock Exchange (NYSE), and its ticker symbol is INGR.

Ingredion Incorporated is a multinational ingredient provider based in Westchester, Illinois. The company mainly produces starches, non-GMO sweeteners, and other unique ingredients from plant sources such as corn. Ingredion partners with businesses to develop the future of food and create ideal eating experiences for consumers while offering the benefits they want.

Ingredion's stock trades on the New York Stock Exchange (NYSE), and its ticker symbol is INGR.

The company stated in December that the Science Based Targets initiative (SBTi) had approved its 2030 emission reduction targets and that they align with the levels necessary to achieve the goals outlined in the Paris Agreement.

What are the latest financials of INGR?

In the fourth quarter of 2022, Ingredion's reported and adjusted earnings per share (EPS) stood at US$ 1.71 and US$ 1.65 compared to US$ 0.99 and US$ 1.09 in Q4 2021.

In 2022, the reported adjusted EPS of Ingredion were US$ 7.34, significantly up from US$ 1.73 in 2021.

The company also returned US$ 288 million to shareholders and increased its dividend rate by nine per cent.

Notably, the net sales of the multinational ingredient provider jumped to US$ 1,987 million in 2022 from US$ 1,755 million in 2021.

Key data of INGR stock

INGR stock generally pays a dividend to its shareholders on a quarterly basis. The company last announced a dividend of US$ 0.71 apiece, and its dividend yield was 2.98 per cent as on March 14, 2023.

At the time of writing, the market capitalization of Ingredion was US$ 6.27 billion and its price-to-earnings ratio stood at 13.1.

At market close on Monday, March 13, the INGR share closed at US$ 95.07 per share after declining 0.8 per cent during the trading session.

Bottom line

In 2023, Ingredion expects its reported and adjusted EPS to be in the range of US$ 7.7 to US$ 8.4.

Meanwhile, the company anticipates mid-double-digit growth in net sales for the entire 2023 fiscal year and high single-digit to low double-digit growth in adjusted operating income.


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