Nordea Investment Management AB Sells 97,503 Shares of Ingredion Incorporated $INGR

Nordea Investment Management AB lowered its stake in shares of Ingredion Incorporated (NYSE:INGR) by 14.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 600,590 shares of the company’s stock after selling 97,503 shares during the period. Nordea Investment Management AB’s holdings in Ingredion were worth $66,575,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in INGR. Avior Wealth Management LLC boosted its stake in Ingredion by 23.5% in the fourth quarter. Avior Wealth Management LLC now owns 5,200 shares of the company’s stock valued at $573,000 after acquiring an additional 990 shares during the last quarter. Martin Capital Partners LLC increased its stake in shares of Ingredion by 5.4% during the 4th quarter. Martin Capital Partners LLC now owns 5,124 shares of the company’s stock worth $565,000 after purchasing an additional 264 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Ingredion by 21.3% during the 4th quarter. GAMMA Investing LLC now owns 1,313 shares of the company’s stock worth $145,000 after purchasing an additional 231 shares during the last quarter. Mirabella Financial Services LLP bought a new stake in shares of Ingredion in the 3rd quarter worth approximately $225,000. Finally, Allworth Financial LP raised its holdings in shares of Ingredion by 3.6% in the 3rd quarter. Allworth Financial LP now owns 60,542 shares of the company’s stock worth $7,393,000 after purchasing an additional 2,108 shares during the period. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Insider Buying and Selling at Ingredion

In other news, SVP Larry Fernandes sold 1,125 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total transaction of $131,118.75. Following the sale, the senior vice president owned 30,514 shares in the company, valued at approximately $3,556,406.70. This trade represents a 3.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Davida Marie Gable sold 375 shares of Ingredion stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $112.44, for a total transaction of $42,165.00. Following the sale, the vice president directly owned 7,110 shares of the company’s stock, valued at $799,448.40. This represents a 5.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,685 shares of company stock worth $5,783,898 over the last three months. 1.80% of the stock is owned by insiders.

Ingredion Price Performance

Ingredion stock opened at $110.33 on Tuesday. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 0.86 and a beta of 0.69. The company has a quick ratio of 1.73, a current ratio of 2.66 and a debt-to-equity ratio of 0.41. The business has a 50-day simple moving average of $115.71 and a 200 day simple moving average of $115.13. Ingredion Incorporated has a 52 week low of $102.31 and a 52 week high of $141.78.

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

Ingredion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.82 per share. The ex-dividend date is Wednesday, April 1st. This represents a $3.28 annualized dividend and a yield of 3.0%. Ingredion’s payout ratio is presently 29.39%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. UBS Group increased their price objective on Ingredion from $119.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Barclays upped their price target on Ingredion from $124.00 to $128.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 29th. Finally, Benchmark started coverage on Ingredion in a research note on Tuesday, March 17th. They issued a “buy” rating and a $130.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $126.43.

About Ingredion

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.