Oak Thistle LLC Buys Shares of 14,207 Ingredion Incorporated $INGR

Oak Thistle LLC bought a new position in Ingredion Incorporated (NYSE:INGR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,207 shares of the company’s stock, valued at approximately $1,566,000.

Other hedge funds have also recently modified their holdings of the company. WPG Advisers LLC boosted its position in shares of Ingredion by 100.8% during the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock valued at $30,000 after buying an additional 123 shares during the last quarter. Root Financial Partners LLC purchased a new position in Ingredion in the 3rd quarter worth about $36,000. Capital Advisors Ltd. LLC lifted its stake in Ingredion by 40.5% during the 4th quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock valued at $39,000 after acquiring an additional 102 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in Ingredion by 166.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 381 shares of the company’s stock valued at $47,000 after acquiring an additional 238 shares during the period. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of Ingredion by 4,000.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 410 shares of the company’s stock valued at $50,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Analysts Set New Price Targets

INGR has been the subject of a number of research analyst reports. UBS Group lifted their price target on shares of Ingredion from $119.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. BMO Capital Markets restated a “market perform” rating on shares of Ingredion in a report on Wednesday, February 4th. Stephens reaffirmed an “equal weight” rating and issued a $120.00 target price on shares of Ingredion in a research report on Wednesday, February 4th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a report on Friday, March 27th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $126.43.

Insider Transactions at Ingredion

In other Ingredion news, VP Davida Marie Gable sold 375 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $112.44, for a total transaction of $42,165.00. Following the completion of the sale, the vice president owned 7,110 shares of the company’s stock, valued at approximately $799,448.40. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Larry Fernandes sold 1,125 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was 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 of the company’s stock, valued at approximately $3,556,406.70. The trade was a 3.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 48,686 shares of company stock worth $5,784,010 in the last three months. Corporate insiders own 2.30% of the company’s stock.

Ingredion Price Performance

NYSE INGR opened at $113.61 on Thursday. The company has a 50-day moving average price of $114.89 and a 200-day moving average price of $114.08. Ingredion Incorporated has a 52 week low of $102.31 and a 52 week high of $141.78. 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 firm has a market capitalization of $7.15 billion, a P/E ratio of 10.18, a PEG ratio of 0.89 and a beta of 0.70.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). Ingredion had a return on equity of 17.32% and a net margin of 10.10%.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 posted $2.63 EPS. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Equities research analysts anticipate that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Wednesday, April 1st will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Wednesday, April 1st. Ingredion’s dividend payout ratio is 29.39%.

Ingredion 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.