UNIVEST FINANCIAL Corp Takes $1.31 Million Position in Ingredion Incorporated $INGR

UNIVEST FINANCIAL Corp purchased a new position in Ingredion Incorporated (NYSE:INGR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,879 shares of the company’s stock, valued at approximately $1,315,000.

Several other large investors also recently bought and sold shares of INGR. Fifth Third Wealth Advisors LLC raised its holdings in Ingredion by 4.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,221 shares of the company’s stock valued at $250,000 after acquiring an additional 88 shares during the last quarter. Vista Investment Management grew 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 purchasing an additional 89 shares in the last quarter. PNC Financial Services Group Inc. grew 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 purchasing an additional 91 shares in the last quarter. Teza Capital Management LLC increased its holdings in shares of Ingredion by 4.2% in the second quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock valued at $309,000 after purchasing an additional 92 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC lifted its position in Ingredion by 1.2% during the fourth quarter. Murphy Pohlad Asset Management LLC now owns 8,340 shares of the company’s stock worth $920,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Price Performance

INGR stock opened at $103.58 on Tuesday. Ingredion Incorporated has a 52-week low of $94.44 and a 52-week high of $130.48. The company has a quick ratio of 1.92, a current ratio of 2.80 and a debt-to-equity ratio of 0.39. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 0.90 and a beta of 0.62. The business has a fifty day moving average of $100.44 and a two-hundred day moving average of $107.56.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.71 by $0.11. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, research analysts anticipate that Ingredion Incorporated will post 10.6 earnings per share for the current year.

Ingredion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st were given a dividend of $0.82 per share. The ex-dividend date was Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.2%. Ingredion’s dividend payout ratio (DPR) is currently 35.77%.

Insider Activity at Ingredion

In related news, Director David B. Fischer sold 1,662 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total transaction of $170,039.22. Following the completion of the transaction, the director owned 19,930 shares of the company’s stock, valued at approximately $2,039,038.30. This trade represents a 7.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

INGR has been the topic of a number of recent research reports. UBS Group boosted their price objective on Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings cut shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Finally, Barclays reduced their target price on shares of Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ingredion has an average rating of “Hold” and a consensus price target of $121.29.

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.