Victory Capital Management Inc. Acquires 20,339 Shares of Ingredion Incorporated $INGR

Victory Capital Management Inc. grew its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 7.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 282,193 shares of the company’s stock after buying an additional 20,339 shares during the period. Victory Capital Management Inc. owned approximately 0.44% of Ingredion worth $34,459,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of INGR. Vista Investment Management increased its stake in Ingredion by 0.8% in the second quarter. Vista Investment Management now owns 10,789 shares of the company’s stock valued at $1,463,000 after purchasing an additional 89 shares in the last quarter. Teza Capital Management LLC boosted its position in shares of Ingredion by 4.2% during the 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock worth $309,000 after purchasing an additional 92 shares in the last quarter. Truist Financial Corp grew its stake in shares of Ingredion by 1.8% in the 3rd quarter. Truist Financial Corp now owns 5,318 shares of the company’s stock valued at $649,000 after buying an additional 93 shares during the period. ProShare Advisors LLC increased its position in Ingredion by 3.7% in the 2nd quarter. ProShare Advisors LLC now owns 2,851 shares of the company’s stock valued at $387,000 after buying an additional 103 shares in the last quarter. Finally, Delta Investment Management LLC raised its stake in Ingredion by 3.7% during the 3rd quarter. Delta Investment Management LLC now owns 2,939 shares of the company’s stock worth $359,000 after buying an additional 104 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group increased their price target on Ingredion from $119.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research report on Monday, December 29th. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Stephens reissued an “equal weight” rating and issued a $120.00 price target on shares of Ingredion in a research report on Wednesday, February 4th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Ingredion in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Ingredion currently has a consensus rating of “Hold” and an average price target of $125.83.

Ingredion Stock Performance

Shares of INGR opened at $115.06 on Monday. The firm has a market capitalization of $7.24 billion, a P/E ratio of 10.31, a P/E/G ratio of 0.91 and a beta of 0.69. Ingredion Incorporated has a 52 week low of $102.31 and a 52 week high of $141.78. The stock has a 50 day moving average price of $115.65 and a two-hundred day moving average price of $116.45. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.73 and a current ratio of 2.66.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.59 by ($0.06). The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Ingredion had a net margin of 10.10% and a return on equity of 17.32%. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.63 EPS. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Equities analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Friday, January 2nd were paid a $0.82 dividend. The ex-dividend date was Friday, January 2nd. This represents a $3.28 annualized dividend and a dividend yield of 2.9%. Ingredion’s dividend payout ratio is presently 29.39%.

Insider Buying and Selling at Ingredion

In other news, SVP Larry Fernandes sold 1,125 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total value of $131,118.75. Following the completion of the sale, the senior vice president owned 30,514 shares in the company, valued at $3,556,406.70. This represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James P. Zallie sold 9,958 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $116.55, for a total transaction of $1,160,604.90. Following the transaction, the chief executive officer owned 33,011 shares in the company, valued at approximately $3,847,432.05. This trade represents a 23.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 48,310 shares of company stock valued at $5,741,733. Company insiders own 1.80% of the company’s stock.

Ingredion Company Profile

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.