Intech Investment Management LLC Increases Stock Position in Ingredion Incorporated $INGR

Intech Investment Management LLC grew its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 20.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 58,666 shares of the company’s stock after buying an additional 9,933 shares during the period. Intech Investment Management LLC’s holdings in Ingredion were worth $7,164,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Norges Bank purchased a new position in Ingredion during the 2nd quarter valued at about $82,779,000. Boston Trust Walden Corp lifted its holdings in shares of Ingredion by 6,843.0% during the third quarter. Boston Trust Walden Corp now owns 136,915 shares of the company’s stock valued at $16,719,000 after purchasing an additional 134,943 shares during the last quarter. Cooke & Bieler LP lifted its holdings in shares of Ingredion by 16.0% during the third quarter. Cooke & Bieler LP now owns 903,346 shares of the company’s stock valued at $110,308,000 after purchasing an additional 124,517 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Ingredion by 10.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,340,015 shares of the company’s stock worth $181,733,000 after purchasing an additional 121,387 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in Ingredion by 139.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 203,957 shares of the company’s stock valued at $27,661,000 after buying an additional 118,812 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ingredion

In other Ingredion 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 value of $4,020,217.02. Following the sale, the chief executive officer directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Larry Fernandes sold 3,630 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $118.40, for a total transaction of $429,792.00. Following the completion of the sale, the senior vice president owned 32,055 shares in the company, valued at approximately $3,795,312. The trade was a 10.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 48,311 shares of company stock valued at $5,741,840 over the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on INGR. Barclays boosted their target price on Ingredion from $124.00 to $128.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. BMO Capital Markets reiterated a “market perform” rating on shares of Ingredion in a research note on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 29th. Wall Street Zen cut shares of Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Ingredion in a report on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $125.83.

Ingredion Trading Up 0.3%

Shares of INGR stock opened at $117.52 on Friday. 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 firm has a fifty day moving average price of $115.27 and a 200-day moving average price of $116.99. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 0.92 and a beta of 0.71. Ingredion Incorporated has a 1 year low of $102.31 and a 1 year high of $141.78.

Ingredion (NYSE:INGR) last posted 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). The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.78 billion. Ingredion had a return on equity of 17.32% and a net margin of 10.10%.The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.63 earnings per share. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, equities analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 2nd were given a dividend of $0.82 per share. The ex-dividend date was Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.8%. Ingredion’s dividend payout ratio is currently 29.39%.

Ingredion Company 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.