Jefferies Financial Group Inc. Makes New Investment in Ingredion Incorporated $INGR

Jefferies Financial Group Inc. acquired a new stake in Ingredion Incorporated (NYSE:INGR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,531 shares of the company’s stock, valued at approximately $1,823,000.

Several other large investors have also made changes to their positions in the business. Vista Investment Management lifted 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 acquiring an additional 89 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Ingredion by 0.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company’s stock valued at $2,789,000 after acquiring an additional 91 shares in the last quarter. Teza Capital Management LLC raised its position in shares of Ingredion by 4.2% during the second quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock valued at $309,000 after buying an additional 92 shares during the last quarter. Truist Financial Corp raised its position in shares of Ingredion by 1.8% during the third quarter. Truist Financial Corp now owns 5,318 shares of the company’s stock valued at $649,000 after buying an additional 93 shares during the last quarter. Finally, True Wealth Design LLC raised its position in shares of Ingredion by 22.5% during the fourth quarter. True Wealth Design LLC now owns 544 shares of the company’s stock valued at $60,000 after buying an additional 100 shares during the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on INGR shares. UBS Group reiterated a “neutral” rating and set a $114.00 price objective on shares of Ingredion in a research report on Thursday, May 7th. Oppenheimer reduced their price objective on shares of Ingredion from $130.00 to $126.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 22nd. Jefferies Financial Group restated a “hold” rating on shares of Ingredion in a research report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a research report on Friday, March 27th. Finally, Benchmark assumed coverage on Ingredion in a research report on Tuesday, March 17th. They set a “buy” rating and a $130.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $122.43.

Ingredion Stock Up 0.6%

NYSE INGR opened at $103.96 on Thursday. The stock has a 50 day moving average price of $109.69 and a 200-day moving average price of $111.69. 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 $6.56 billion, a P/E ratio of 10.02, a P/E/G ratio of 0.86 and a beta of 0.64. Ingredion Incorporated has a one year low of $98.29 and a one year high of $140.47.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.10). The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The firm’s quarterly 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 10.88 EPS for the current fiscal year.

Ingredion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.28 annualized dividend and a dividend yield of 3.2%. Ingredion’s payout ratio is currently 31.60%.

Insider Buying and Selling at Ingredion

In other news, VP Davida Marie Gable sold 375 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $112.44, for a total transaction of $42,165.00. Following the transaction, the vice president owned 7,110 shares of the company’s stock, valued at approximately $799,448.40. The trade was a 5.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Ingredion 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.