Geode Capital Management LLC Decreases Stock Position in Ingredion Incorporated $INGR

Geode Capital Management LLC reduced its position in Ingredion Incorporated (NYSE:INGR) by 3.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,213,593 shares of the company’s stock after selling 46,291 shares during the period. Geode Capital Management LLC’s holdings in Ingredion were worth $133,837,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in INGR. Dover Advisors LLC bought a new stake in Ingredion in the 3rd quarter worth approximately $1,710,000. Algert Global LLC grew its position in Ingredion by 75.7% in the 3rd quarter. Algert Global LLC now owns 105,598 shares of the company’s stock worth $12,895,000 after purchasing an additional 45,510 shares during the period. Dimensional Fund Advisors LP grew its position in Ingredion by 4.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,762,402 shares of the company’s stock worth $337,311,000 after purchasing an additional 114,521 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Ingredion by 22,036.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock worth $114,351,000 after purchasing an additional 1,032,421 shares during the period. Finally, Fieldview Capital Management LLC grew its position in Ingredion by 211.7% in the 3rd quarter. Fieldview Capital Management LLC now owns 48,864 shares of the company’s stock worth $5,967,000 after purchasing an additional 33,189 shares during the period. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INGR has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Ingredion from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Barclays cut their target price on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Benchmark assumed coverage on shares of Ingredion in a research report on Tuesday, March 17th. They issued a “buy” rating and a $130.00 target price for the company. Oppenheimer cut their price objective on shares of Ingredion from $130.00 to $126.00 and set an “outperform” rating for the company in a research report on Wednesday, April 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a research report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $122.43.

Ingredion Trading Down 1.4%

Shares of Ingredion stock opened at $99.44 on Friday. The company has a market capitalization of $6.27 billion, a P/E ratio of 9.58, a P/E/G ratio of 0.84 and a beta of 0.60. 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 fifty day moving average of $108.57 and a 200 day moving average of $111.41. Ingredion Incorporated has a fifty-two week low of $98.29 and a fifty-two week high of $140.47.

Ingredion (NYSE:INGR) last issued its earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.10). The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.79 billion. Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. On average, sell-side analysts anticipate that Ingredion Incorporated will post 10.88 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st will be issued a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.28 annualized dividend and a yield of 3.3%. Ingredion’s dividend payout ratio is currently 31.60%.

Insiders Place Their Bets

In related news, VP Davida Marie Gable sold 375 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total value of $42,165.00. Following the completion of the transaction, the vice president owned 7,110 shares of the company’s stock, valued at approximately $799,448.40. This represents a 5.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

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.