NewEdge Wealth LLC Grows Stock Holdings in Ingredion Incorporated $INGR

NewEdge Wealth LLC boosted its holdings in Ingredion Incorporated (NYSE:INGR) by 5.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 177,206 shares of the company’s stock after buying an additional 9,817 shares during the quarter. NewEdge Wealth LLC’s holdings in Ingredion were worth $21,639,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in Ingredion by 2.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,369,448 shares of the company’s stock valued at $167,223,000 after purchasing an additional 29,433 shares during the period. Oxbow Advisors LLC purchased a new position in Ingredion during the third quarter worth about $2,784,000. Acadian Asset Management LLC boosted its holdings in Ingredion by 16.2% in the 2nd quarter. Acadian Asset Management LLC now owns 510,181 shares of the company’s stock valued at $69,176,000 after purchasing an additional 71,305 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of Ingredion by 479.3% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 24,434 shares of the company’s stock worth $2,984,000 after purchasing an additional 20,216 shares in the last quarter. Finally, Cooke & Bieler LP grew its stake in shares of Ingredion by 16.0% during the 3rd quarter. Cooke & Bieler LP now owns 903,346 shares of the company’s stock worth $110,308,000 after purchasing an additional 124,517 shares during the period. 85.27% of the stock is owned by hedge funds and other institutional investors.

Ingredion Price Performance

INGR opened at $116.39 on Thursday. Ingredion Incorporated has a 1 year low of $102.31 and a 1 year high of $141.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.73 and a current ratio of 2.66. The company’s 50 day simple moving average is $114.55 and its 200 day simple moving average is $117.38. The stock has a market capitalization of $7.39 billion, a PE ratio of 10.43, a P/E/G ratio of 0.93 and a beta of 0.71.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). Ingredion had a net margin of 10.10% and a return on equity of 17.32%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the business earned $2.63 EPS. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, sell-side analysts expect that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 2nd were issued a $0.82 dividend. The ex-dividend date was Friday, January 2nd. This represents a $3.28 annualized dividend and a yield of 2.8%. Ingredion’s dividend payout ratio (DPR) is presently 29.39%.

Analyst Upgrades and Downgrades

INGR has been the subject of several research reports. iA Financial set a $124.00 price objective on Ingredion in a report on Thursday, November 6th. Stephens reiterated an “equal weight” rating and issued a $120.00 price target on shares of Ingredion in a research report on Wednesday, February 4th. Jefferies Financial Group restated a “hold” rating on shares of Ingredion in a research report on Wednesday, February 4th. Barclays increased their price objective on Ingredion from $124.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $125.83.

Insider Buying and Selling

In related news, CEO James P. Zallie sold 33,597 shares of Ingredion stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $119.66, for a total transaction of $4,020,217.02. Following the transaction, the chief executive officer owned 50,167 shares in the company, valued at approximately $6,002,983.22. The trade was a 40.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Larry Fernandes sold 3,630 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $118.40, for a total value of $429,792.00. Following the completion of the sale, the senior vice president owned 32,055 shares of the company’s stock, valued at approximately $3,795,312. This represents a 10.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 37,228 shares of company stock worth $4,450,117. 2.30% of the stock is currently owned by corporate 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.