Wedge Capital Management L L P NC Boosts Stock Position in Ingredion Incorporated $INGR

Wedge Capital Management L L P NC raised its position in Ingredion Incorporated (NYSE:INGR) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,393 shares of the company’s stock after purchasing an additional 4,523 shares during the period. Wedge Capital Management L L P NC owned about 0.09% of Ingredion worth $6,218,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Integrated Wealth Concepts LLC lifted its stake in shares of Ingredion by 32.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company’s stock valued at $281,000 after buying an additional 514 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ingredion by 63.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,694 shares of the company’s stock worth $499,000 after acquiring an additional 1,440 shares during the period. NewEdge Advisors LLC grew its stake in Ingredion by 9.0% in the 1st quarter. NewEdge Advisors LLC now owns 9,687 shares of the company’s stock worth $1,310,000 after acquiring an additional 797 shares during the period. Goldman Sachs Group Inc. raised its holdings in Ingredion by 5.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company’s stock valued at $13,712,000 after acquiring an additional 5,255 shares during the last quarter. Finally, Focus Partners Wealth raised its holdings in Ingredion by 5.6% in the 1st quarter. Focus Partners Wealth now owns 3,636 shares of the company’s stock valued at $492,000 after acquiring an additional 192 shares during the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

Ingredion Stock Up 0.2%

Shares of NYSE INGR opened at $112.06 on Friday. Ingredion Incorporated has a 52-week low of $102.31 and a 52-week high of $141.78. The firm has a fifty day moving average of $115.39 and a 200-day moving average of $114.75. The stock has a market capitalization of $7.05 billion, a PE ratio of 10.04, a P/E/G ratio of 0.88 and a beta of 0.69. The company has a quick ratio of 1.73, a current ratio of 2.66 and a debt-to-equity ratio of 0.41.

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

Ingredion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Wednesday, April 1st will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, April 1st. Ingredion’s dividend payout ratio (DPR) is 29.39%.

Insider Activity

In related news, SVP Larry Fernandes sold 3,630 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were 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 of the company’s stock, valued at approximately $3,795,312. This represents a 10.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James P. Zallie sold 33,597 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 50,167 shares in the company, valued at $6,002,983.22. The trade was a 40.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 48,685 shares of company stock valued at $5,783,898 in the last three months. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a report on Monday, December 29th. UBS Group upped their target price on Ingredion from $119.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Stephens reissued an “equal weight” rating and issued a $120.00 price target on shares of Ingredion in a research note on Wednesday, February 4th. Finally, Wall Street Zen cut Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Ingredion currently has an average rating of “Hold” and a consensus target price of $126.43.

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.