Moran Wealth Management LLC Has $5.22 Million Stock Position in Ingredion Incorporated $INGR

Moran Wealth Management LLC increased its position in shares of Ingredion Incorporated (NYSE:INGR) by 15.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,368 shares of the company’s stock after acquiring an additional 6,157 shares during the quarter. Moran Wealth Management LLC owned 0.07% of Ingredion worth $5,224,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Private Advisor Group LLC purchased a new position in Ingredion during the 1st quarter worth approximately $319,000. Y Intercept Hong Kong Ltd lifted its holdings in shares of Ingredion by 783.5% in the first quarter. Y Intercept Hong Kong Ltd now owns 37,264 shares of the company’s stock valued at $4,198,000 after purchasing an additional 33,046 shares in the last quarter. Platform Technology Partners purchased a new stake in shares of Ingredion in the first quarter valued at $245,000. Root Financial Partners LLC boosted its position in shares of Ingredion by 83.7% in the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock worth $42,000 after buying an additional 169 shares during the period. Finally, Fulton Bank N.A. boosted its position in shares of Ingredion by 11.5% in the first quarter. Fulton Bank N.A. now owns 2,174 shares of the company’s stock worth $245,000 after buying an additional 224 shares during the period. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Analyst Upgrades and Downgrades

INGR has been the topic of several recent analyst reports. Zacks Research lowered Ingredion from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Oppenheimer lowered Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Benchmark reaffirmed a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Barclays dropped their target price on Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Finally, UBS Group reissued a “neutral” rating and issued a $114.00 price target on shares of Ingredion in a research report on Thursday, May 7th. One equities 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 MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $122.43.

Ingredion Trading Down 0.1%

NYSE INGR opened at $97.57 on Friday. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. Ingredion Incorporated has a 1-year low of $94.44 and a 1-year high of $138.40. The firm’s fifty day simple moving average is $102.49 and its 200-day simple moving average is $110.03. The company has a market capitalization of $6.15 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 0.82 and a beta of 0.62.

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). Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the business posted $2.97 EPS. Ingredion’s revenue for the quarter was down 1.2% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, sell-side analysts anticipate that Ingredion Incorporated will post 10.88 earnings per share 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 issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Wednesday, July 1st. Ingredion’s payout ratio is currently 31.60%.

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.