Horizon Investments LLC Trims Stock Position in Ingredion Incorporated $INGR

Horizon Investments LLC lowered its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 95.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,339 shares of the company’s stock after selling 26,247 shares during the quarter. Horizon Investments LLC’s holdings in Ingredion were worth $147,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in INGR. AQR Capital Management LLC increased its position in shares of Ingredion by 143.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock valued at $144,685,000 after purchasing an additional 701,063 shares during the last quarter. Snyder Capital Management L P increased its position in shares of Ingredion by 22.0% during the 3rd quarter. Snyder Capital Management L P now owns 1,323,847 shares of the company’s stock valued at $161,655,000 after purchasing an additional 238,420 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Ingredion by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock valued at $825,556,000 after purchasing an additional 208,606 shares during the last quarter. Voloridge Investment Management LLC increased its position in shares of Ingredion by 2,409.3% during the 3rd quarter. Voloridge Investment Management LLC now owns 198,659 shares of the company’s stock valued at $24,258,000 after purchasing an additional 190,742 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in shares of Ingredion by 118.3% during the 3rd quarter. Two Sigma Investments LP now owns 271,006 shares of the company’s stock valued at $33,093,000 after purchasing an additional 146,874 shares during the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Stock Up 0.0%

NYSE INGR opened at $107.43 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 2.76. The company has a market capitalization of $6.77 billion, a P/E ratio of 10.35, a P/E/G ratio of 0.87 and a beta of 0.64. Ingredion Incorporated has a one year low of $100.71 and a one year high of $141.78. The stock has a 50 day moving average price of $112.69 and a 200-day moving average price of $112.88.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, May 5th. The company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.97 earnings per share. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, equities analysts predict that Ingredion Incorporated will post 11.24 EPS for the current fiscal year.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Wednesday, April 1st were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, April 1st. Ingredion’s dividend payout ratio is currently 31.60%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. BMO Capital Markets reiterated a “market perform” rating on shares of Ingredion in a research note on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and set a $114.00 price objective on shares of Ingredion in a research note on Thursday. Wall Street Zen downgraded Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Oppenheimer cut their price objective on Ingredion from $130.00 to $126.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $122.43.

Insider Activity

In other news, SVP Larry Fernandes sold 3,630 shares of the stock in a transaction that occurred 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 transaction, the senior vice president directly owned 32,055 shares in the company, valued at approximately $3,795,312. This represents a 10.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James P. Zallie sold 33,597 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 50,167 shares of the company’s stock, valued at $6,002,983.22. This represents a 40.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 48,686 shares of company stock worth $5,784,010. 1.60% of the stock is currently owned by insiders.

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.