Heartland Advisors Inc. Boosts Stock Holdings in Ingredion Incorporated $INGR

Heartland Advisors Inc. lifted its position in Ingredion Incorporated (NYSE:INGR) by 37.9% during the 1st quarter, HoldingsChannel reports. The firm owned 75,877 shares of the company’s stock after acquiring an additional 20,862 shares during the quarter. Heartland Advisors Inc.’s holdings in Ingredion were worth $8,548,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Ingredion by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock valued at $825,556,000 after buying an additional 208,606 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Ingredion by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,939,536 shares of the company’s stock worth $324,118,000 after acquiring an additional 177,134 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Ingredion by 90.9% during the 4th quarter. First Trust Advisors LP now owns 1,994,825 shares of the company’s stock worth $219,949,000 after acquiring an additional 950,006 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Ingredion by 53.3% during the 4th quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock worth $201,337,000 after acquiring an additional 634,900 shares in the last quarter. Finally, Snyder Capital Management L P boosted its position in shares of Ingredion by 4.4% during the 4th quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company’s stock valued at $152,355,000 after acquiring an additional 57,928 shares during the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingredion Stock Up 0.2%

Shares of INGR opened at $102.42 on Friday. The company has a market cap of $6.46 billion, a PE ratio of 9.87, a P/E/G ratio of 0.86 and a beta of 0.62. The business has a fifty day moving average of $100.29 and a 200 day moving average of $109.19. Ingredion Incorporated has a 52-week low of $94.44 and a 52-week high of $135.68. The company has a quick ratio of 1.83, a current ratio of 2.76 and a debt-to-equity ratio of 0.40.

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

Ingredion Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barclays cut their target price on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. UBS Group reiterated a “neutral” rating and set a $114.00 price objective on shares of Ingredion in a research report on Thursday, May 7th. Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. Weiss Ratings downgraded shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Finally, Benchmark restated a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ingredion presently has an average rating of “Hold” and an average price target of $122.43.

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.