Leonteq Securities AG Invests $1.28 Million in Ingredion Incorporated $INGR

Leonteq Securities AG bought a new position in shares of Ingredion Incorporated (NYSE:INGR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,635 shares of the company’s stock, valued at approximately $1,283,000.

A number of other large investors have also modified their holdings of the business. Covestor Ltd raised its stake in shares of Ingredion by 16.6% during the 4th quarter. Covestor Ltd now owns 1,335 shares of the company’s stock worth $147,000 after buying an additional 190 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Ingredion by 0.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company’s stock worth $2,789,000 after buying an additional 91 shares in the last quarter. North Dakota State Investment Board purchased a new position in shares of Ingredion during the 4th quarter worth approximately $249,000. Stephens Inc. AR raised its stake in shares of Ingredion by 3.1% during the 4th quarter. Stephens Inc. AR now owns 3,305 shares of the company’s stock worth $364,000 after buying an additional 100 shares in the last quarter. Finally, AlphaCore Capital LLC raised its stake in shares of Ingredion by 24.7% during the 4th quarter. AlphaCore Capital LLC now owns 1,983 shares of the company’s stock worth $219,000 after buying an additional 393 shares in the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Ingredion Stock Performance

NYSE INGR opened at $102.15 on Friday. Ingredion Incorporated has a 1-year low of $98.29 and a 1-year high of $140.47. The company has a market capitalization of $6.44 billion, a P/E ratio of 9.84, a PEG ratio of 0.84 and a beta of 0.64. The business has a 50 day moving average price of $110.39 and a 200 day moving average price of $111.86. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.76 and a quick ratio of 1.83.

Ingredion (NYSE:INGR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.10). The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.97 earnings per share. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Sell-side analysts expect that Ingredion Incorporated will post 10.88 EPS for the current fiscal year.

Ingredion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.28 annualized dividend and a yield of 3.2%. Ingredion’s dividend payout ratio (DPR) is presently 31.60%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on INGR shares. Zacks Research downgraded Ingredion from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Benchmark assumed coverage on Ingredion in a research note on Tuesday, March 17th. They issued a “buy” rating and a $130.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research note on Friday, March 27th. Barclays dropped their price objective on Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Finally, Wall Street Zen downgraded Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $122.43.

Insiders Place Their Bets

In other Ingredion news, VP Davida Marie Gable sold 375 shares of the firm’s 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 completion of the transaction, the vice president owned 7,110 shares of the company’s stock, valued at approximately $799,448.40. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

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.