Heartland Advisors Inc. Increases Stake in Ingredion Incorporated $INGR

Heartland Advisors Inc. raised its stake in Ingredion Incorporated (NYSE:INGR) by 102.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 55,015 shares of the company’s stock after purchasing an additional 27,855 shares during the quarter. Heartland Advisors Inc. owned 0.09% of Ingredion worth $6,066,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new position in shares of Ingredion in the fourth quarter worth $30,000. Los Angeles Capital Management LLC purchased a new stake in Ingredion during the 4th quarter valued at $36,000. Capital Advisors Ltd. LLC grew its holdings in Ingredion by 40.5% in the 4th quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock worth $39,000 after acquiring an additional 102 shares during the last quarter. Ares Financial Consulting LLC bought a new stake in Ingredion in the 4th quarter worth $46,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Ingredion by 166.4% in the third 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. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Trading Up 1.1%

NYSE:INGR opened at $102.74 on Thursday. The company has a 50-day moving average price of $107.71 and a 200-day moving average price of $111.24. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 9.90, a P/E/G ratio of 0.85 and a beta of 0.60. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. Ingredion Incorporated has a 12 month low of $97.12 and a 12 month high of $140.47.

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

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st will be given a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.28 annualized dividend and a dividend yield of 3.2%. Ingredion’s dividend payout ratio is currently 31.60%.

Wall Street Analyst Weigh In

INGR has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research note on Friday, March 27th. Barclays cut their target price on Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Oppenheimer downgraded Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday. Zacks Research cut Ingredion from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Finally, UBS Group reiterated a “neutral” rating and issued a $114.00 price objective on shares of Ingredion in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $122.43.

Insider Activity at Ingredion

In other news, VP Davida Marie Gable sold 375 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $112.44, for a total value of $42,165.00. Following the completion of the transaction, the vice president owned 7,110 shares in the company, valued at $799,448.40. This trade represents a 5.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

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.