Oppenheimer Trims Ingredion (INGR) Target Ahead of Q1, Sees Healthy Results

Ingredion Incorporated (NYSE:INGR) is included among the 10 Best Food Stocks with Highest Dividends.

On April 22, Kristen Owen of Oppenheimer lowered the firm’s price recommendation on Ingredion Incorporated (NYSE:INGR) to $126 from $130. It reiterated an Outperform rating on the shares. The firm adjusted targets across the agriculture space as part of its Q1 preview. The analyst expects “healthy” Q1 results across coverage, pointing to stabilization trends before the outbreak of the Iran conflict. “Sentiment in the industry remains resilient, with all eyes on the potential for fundamentals to diverge as the effects of higher-for-longer energy and fertilizer prices ripple through our coverage,” the analyst said in a research note. Oppenheimer holds a cautious near-term stance on Ingredion.

During the Q4 2025 earnings call, CFO Jim Gray said the company expects modest growth in 2026. He indicated that full-year net sales are projected to rise in the low- to mid-single-digit range, supported by stronger volume demand. He also noted that both reported and adjusted operating income are likely to increase at a low single-digit pace over the same period. The company expects full-year adjusted EPS between $11 and $11.80, based on an estimated share count of about 64 million to 65 million. On cash flow, Gray said operating cash is expected to be between $820 million and $940 million. Capital expenditures are projected in the range of $400 million to $440 million.

Ingredion Incorporated (NYSE:INGR) is a global ingredient solutions provider serving customers in nearly 120 countries. The company processes grains, fruits, vegetables, and other plant-based materials into value-added ingredient solutions for food, beverage, animal nutrition, brewing, and industrial markets.

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