Intech Investment Management LLC Sells 29,599 Shares of Ingredion Incorporated $INGR

Intech Investment Management LLC trimmed its position in shares of Ingredion Incorporated (NYSE:INGR) by 50.5% during the fourth quarter, HoldingsChannel reports. The firm owned 29,067 shares of the company’s stock after selling 29,599 shares during the quarter. Intech Investment Management LLC’s holdings in Ingredion were worth $3,205,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INGR. International Assets Investment Management LLC bought a new position in shares of Ingredion during the fourth quarter worth $30,000. Capital Advisors Ltd. LLC lifted its position in Ingredion by 40.5% in the 4th quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock valued at $39,000 after acquiring an additional 102 shares in the last quarter. Ares Financial Consulting LLC bought a new stake in Ingredion in the 4th quarter valued at $46,000. Caitong International Asset Management Co. Ltd boosted its stake in Ingredion by 166.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 381 shares of the company’s stock worth $47,000 after purchasing an additional 238 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in Ingredion by 65.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 422 shares of the company’s stock worth $52,000 after purchasing an additional 167 shares during the period. 85.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on INGR. Stephens reaffirmed an “equal weight” rating and issued a $120.00 target price on shares of Ingredion in a research note on Wednesday, February 4th. Barclays reduced 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 note on Wednesday, May 6th. UBS Group reaffirmed a “neutral” rating and issued a $114.00 target price on shares of Ingredion in a research note on Thursday, May 7th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Ingredion currently has an average rating of “Hold” and a consensus target price of $122.43.

Insider Transactions at Ingredion

In other news, VP Davida Marie Gable sold 375 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total transaction of $42,165.00. Following the transaction, the vice president directly owned 7,110 shares in the company, valued at $799,448.40. The trade was a 5.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.60% of the company’s stock.

Ingredion Stock Up 0.4%

Shares of INGR stock opened at $101.82 on Tuesday. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. Ingredion Incorporated has a 1 year low of $98.29 and a 1 year high of $140.47. The firm’s fifty day moving average price is $109.13 and its two-hundred day moving average price is $111.56. The firm has a market capitalization of $6.42 billion, a P/E ratio of 9.81, a PEG ratio of 0.85 and a beta of 0.64.

Ingredion (NYSE:INGR) last issued its quarterly 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). Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the firm posted $2.97 earnings per share. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. On average, equities analysts predict that Ingredion Incorporated will post 10.88 EPS for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, July 1st. Ingredion’s payout ratio is presently 31.60%.

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.