Ingredion Incorporated (NYSE: INGR) shares are trading higher by 6.12% to $83.82 Tuesday morning. The company raised its quarterly dividend by 9% and authorized a 6 million share buyback. Ing.

Ingredion has 66.02 million shares outstanding. The beta is 0.78, so Ingredions price volatility has been lower than the market average. Ingredion Incorporated (NYSE: INGR) shares are trading higher by 6.12% to $83.82 Tuesday morning after the company raised its quarterly dividend by 9% and authorized a 6 million share buyback. Ingredion reported an impressive $2.80 EPS for the quarter. The company boasts a return on equity of 17.51% and a net margin of 6.75%. Equities research analysts are bullish about Ingredions future prospects. Ingredion stock has received a consensus rating of buy. The 16 analysts offering price forecasts for Ingredions have a median target of 112.94, with a high estimate of 130.00 and a low estimate of 89.00. According to the current price, IngredION is 137.70% away from the 52-week low. Securian Asset Management Inc. reduced its holdings in shares of Ingredion Incorporated ( NYSE:INGR – Free Report ) by 1.7% during the 1st quarter. NorthCrest Asset Manangement LLC increased its position in Ingredions by 4.8%. Ingredion trades on the NYSE under the ticker symbol INGR. The total value of Ingredions stock (market capitalization) is $7.16B. The company has 66,016,122 outstanding shares. Ingredion: 78% of consumers will pay more for clean label, natural claims despite inflation. Another Consumer Staples stock, which has outperformed the sector so far this year, is Ingredion (INGR) The consensus EPS estimate for the current year has increased 9.4% over the past three months.