Pacer Advisors Inc. Sells 105,050 Shares of Ingredion Incorporated $INGR

Pacer Advisors Inc. decreased its holdings in Ingredion Incorporated (NYSE:INGR) by 34.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,892 shares of the company’s stock after selling 105,050 shares during the quarter. Pacer Advisors Inc. owned 0.31% of Ingredion worth $21,709,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vista Investment Management raised its position in shares of Ingredion by 0.8% in the second quarter. Vista Investment Management now owns 10,789 shares of the company’s stock valued at $1,463,000 after buying an additional 89 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Ingredion by 0.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company’s stock worth $2,789,000 after acquiring an additional 91 shares during the period. Teza Capital Management LLC raised its holdings in Ingredion by 4.2% in the 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock valued at $309,000 after acquiring an additional 92 shares in the last quarter. Murphy Pohlad Asset Management LLC lifted its position in shares of Ingredion by 1.2% during the 4th quarter. Murphy Pohlad Asset Management LLC now owns 8,340 shares of the company’s stock valued at $920,000 after acquiring an additional 95 shares during the period. Finally, True Wealth Design LLC grew its holdings in shares of Ingredion by 22.5% during the 4th quarter. True Wealth Design LLC now owns 544 shares of the company’s stock worth $60,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Ingredion Stock Up 0.0%

INGR stock opened at $97.95 on Friday. The firm has a 50-day moving average price of $105.88 and a 200-day moving average price of $110.85. Ingredion Incorporated has a 12 month low of $97.12 and a 12 month high of $140.47. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $6.18 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 0.82 and a beta of 0.60.

Ingredion (NYSE:INGR) last released its quarterly earnings data 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). The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. Ingredion had a return on equity of 15.86% and a net margin of 9.36%.Ingredion’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.97 earnings per share. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, equities research analysts anticipate that Ingredion Incorporated will post 10.88 EPS for the current fiscal year.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, July 1st. Ingredion’s dividend payout ratio (DPR) is presently 31.60%.

Analysts Set New Price Targets

A number of brokerages recently commented on INGR. UBS Group restated a “neutral” rating and issued a $114.00 price target on shares of Ingredion in a research report on Thursday, May 7th. Zacks Research lowered shares of Ingredion from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a research report on Friday, March 27th. Barclays cut their price target 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. Finally, Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Ingredion has a consensus rating of “Hold” and an average target price of $122.43.

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.