South Dakota Investment Council Raises Stock Position in Ingredion Incorporated $INGR

South Dakota Investment Council boosted its stake in Ingredion Incorporated (NYSE:INGR) by 33.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,487 shares of the company’s stock after purchasing an additional 9,600 shares during the period. South Dakota Investment Council’s holdings in Ingredion were worth $4,336,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in INGR. Fifth Third Wealth Advisors LLC grew its holdings in shares of Ingredion by 4.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,221 shares of the company’s stock worth $250,000 after acquiring an additional 88 shares during the period. Vista Investment Management lifted its holdings in 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 during the period. PNC Financial Services Group Inc. lifted its holdings in 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 during the period. Teza Capital Management LLC boosted its position in Ingredion by 4.2% in the second quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock worth $309,000 after purchasing an additional 92 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC boosted its position in Ingredion by 1.2% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 8,340 shares of the company’s stock worth $920,000 after purchasing an additional 95 shares during the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Benchmark reissued a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Weiss Ratings lowered shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. 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. Finally, Oppenheimer downgraded shares of Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Ingredion has a consensus rating of “Hold” and a consensus target price of $122.43.

Ingredion Stock Performance

NYSE:INGR opened at $100.38 on Friday. 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 stock has a 50-day simple moving average of $100.02 and a two-hundred day simple moving average of $108.57. The firm has a market capitalization of $6.33 billion, a PE ratio of 9.67, a P/E/G ratio of 0.86 and a beta of 0.62. Ingredion Incorporated has a 52-week low of $94.44 and a 52-week high of $132.88.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $2.34 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.10). Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period last year, the business earned $2.97 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Analysts forecast that Ingredion Incorporated will post 10.81 EPS for the current year.

Ingredion Announces Dividend

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

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.