The Company in a Nutshell
| Date Reviewed | 08/21/2025 |
| Company Name | Ingredion Inc |
| Symbol | INGR |
| Sector | Consumer Staples |
| Industry | Packaged Foods |
| Beta | 0.72 |
| PRO Rating | 3 |
| Dividend Safety | 3 |
Business Model
Ingredion Incorporated is a global ingredient solutions provider serving customers in nearly 120 countries. The Company turns grains, fruits, vegetables and other plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing and industrial markets. Its segments include Texture & Healthful Solutions (T&HS), Food & Industrial Ingredients - Latin America (F&II - LATAM) and Food & Industrial Ingredients - U.S./Canada (F&II - U.S./Canada). Its product lines include starches and sweeteners, animal feed products and edible corn oil. Its starch-based products include both food-grade and industrial starches, as well as biomaterials and non-GMO (genetically modified organism) products. Its sweetener products include glucose syrups, high maltose syrups, high fructose corn syrup, caramel color, dextrose, polyols, maltodextrins, glucose and syrup solids, high-intensity sweeteners, and various non-GMO products.
| Current price | 121.45 |
| ROE | 17.60 % |
| ROIC | 13.45 % |
| Shareholder Yield | 0.05 % |
| 5-Yr Total Return | 74.65 % |
| 1-Yr Total Return | -8.45 % |
| Next Earnings Date | 11-04-25 |
Latest Quarter Information
What the CEO said:
“Ingredion delivered another solid quarter, underscoring the strength and resilience of our diversified business model,” stated Jim Zallie, president and CEO of Ingredion. “Our Texture & Healthful Solutions segment delivered 2% net sales and 29% operating income growth. These results were driven by sales volume growth, especially for clean label solutions, and operating excellence as better demand forecasting and procurement efforts contributed to the segment’s performance.”
What we say:
2025-08-20 Ingredion reported a weak quarter with revenue down by 3% and EPS are matching the prior year. Reported operating income rose 13% to $271 million and adjusted operating income increased 1% to $273 million; the adjusted effective tax rate was 27.2% compared with 25.4% a year ago, and net financing costs were $12 million versus $10 million. Segmentally, THS operating income rose 29% to $111 million on lower input costs and higher volumes, while F&II—U.S./Canada operating income fell 18% to $86 million due primarily to the plant incident and reduced industrial demand.
Investment Thesis
Dividend Triangle
| 5-Yr Rev. Growth | 3.05 % |
| 5-Yr EPS Growth | 15.15 % |
| 5-Yr Div Growth | 4.80 % |
Potential Risks
| Debt/Equity | 0.50 |
| Financial Debt to EBITDA (TTM) | 1.40 |
| Current Ratio (Quarterly) | 2.60 |
| Credit Score | 90 |
Dividend Growth Perspective
| Dividend ($) | 3.28 |
| Dividend Yield Fwd | 2.70 % |
| Dividend Frequency | Quarterly |
| Average 5-Yr Yield | 2.70 % |
| Payout Ratio (%) | 32.30 |
| Cash Payout Ratio (%) | 26.40 |
| DGR 1-Yr | 1.90 |
| DGR 3-Yr | 6.35 |
| DGR 5-Yr | 4.80 |
| DGR Streak | 13 |
| Chowder Score | 7.55 |
| Next DVD PMT | 10-21-25 |
Valuation
(Data for `ddm_growth_rate_years` field are missing to build DDM tables)
Video Tutorial: How to Read the Stock Cards DDM Valuation
| Market Cap | 8 B |
| PE Ratio | 11.85 |
| Fwd PE | 10.35 |
| Price to Book Ratio | 1.85 |
| DDM Valuation | 0 |
| Average 5-Yr PE | 29.47 |
| Value Score | 77 |