Vanguard Group Inc. Acquires 208,606 Shares of Ingredion Incorporated $INGR

Vanguard Group Inc. boosted its holdings in Ingredion Incorporated (NYSE:INGR) by 2.9% in the fourth quarter, Holdings Channel reports. The firm owned 7,487,354 shares of the company’s stock after purchasing an additional 208,606 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Ingredion worth $825,556,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Vista Investment Management grew its position 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 grew its position in Ingredion by 4.2% in the second quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock valued at $309,000 after purchasing an additional 92 shares in the last quarter. Truist Financial Corp grew its position in Ingredion by 1.8% in the third quarter. Truist Financial Corp now owns 5,318 shares of the company’s stock valued at $649,000 after purchasing an additional 93 shares in the last quarter. True Wealth Design LLC grew its position in Ingredion by 22.5% in the fourth quarter. True Wealth Design LLC now owns 544 shares of the company’s stock valued at $60,000 after purchasing an additional 100 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its position in Ingredion by 40.5% in the fourth quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock valued at $39,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Insider Transactions at Ingredion

In other news, SVP Larry Fernandes sold 1,125 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total transaction of $131,118.75. Following the completion of 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, CEO James P. Zallie sold 9,958 shares of Ingredion 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 completion of the sale, the chief executive officer owned 33,011 shares of the company’s stock, valued at $3,847,432.05. This trade represents a 23.17% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 48,686 shares of company stock worth $5,784,010. 1.60% of the stock is owned by insiders.

Ingredion Stock Performance

Shares of INGR stock opened at $110.50 on Friday. The company has a fifty day moving average price of $113.29 and a two-hundred day moving average price of $113.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.66 and a quick ratio of 1.73. The stock has a market cap of $6.97 billion, a P/E ratio of 9.90, a P/E/G ratio of 0.88 and a beta of 0.64. Ingredion Incorporated has a one year low of $102.31 and a one year high of $141.78.

Ingredion (NYSE:INGR) last posted its earnings results 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). The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.78 billion. Ingredion had a return on equity of 17.32% and a net margin of 10.10%.The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.63 EPS. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, equities analysts predict that Ingredion Incorporated will post 11.38 EPS for the current year.

Ingredion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Wednesday, April 1st. Ingredion’s dividend payout ratio (DPR) is currently 29.39%.

Analysts Set New Price Targets

A number of research firms recently weighed in on INGR. Jefferies Financial Group reaffirmed a “hold” rating on shares of Ingredion in a research report on Wednesday, February 4th. Oppenheimer decreased their target price on shares of Ingredion from $130.00 to $126.00 and set an “outperform” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research report on Friday, March 27th. 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. Finally, Wall Street Zen cut shares of Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $124.71.

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.