MQS Management LLC Makes New Investment in Ingredion Incorporated $INGR

MQS Management LLC purchased a new position in Ingredion Incorporated (NYSE:INGR) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,711 shares of the company’s stock, valued at approximately $643,000.

Other institutional investors also recently modified their holdings of the company. Fifth Third Wealth Advisors LLC raised its stake in Ingredion by 4.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,221 shares of the company’s stock worth $250,000 after buying an additional 88 shares during the last quarter. Vista Investment Management boosted its position in Ingredion by 0.8% during 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 last quarter. PNC Financial Services Group Inc. grew its holdings in Ingredion by 0.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company’s stock worth $2,789,000 after acquiring an additional 91 shares during the period. Teza Capital Management LLC grew its holdings in Ingredion by 4.2% during the 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock worth $309,000 after acquiring an additional 92 shares during the period. Finally, Murphy Pohlad Asset Management LLC raised its position in shares of Ingredion by 1.2% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 8,340 shares of the company’s stock worth $920,000 after acquiring an additional 95 shares in the last quarter. 85.27% of the stock is owned by institutional investors.

Ingredion Stock Down 0.6%

Shares of NYSE:INGR opened at $94.83 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 2.76. Ingredion Incorporated has a 52-week low of $94.44 and a 52-week high of $138.40. The business’s 50 day simple moving average is $103.48 and its two-hundred day simple moving average is $110.33. The firm has a market cap of $5.98 billion, a P/E ratio of 9.14, a PEG ratio of 0.80 and a beta of 0.60.

Ingredion (NYSE:INGR) last issued its earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the company earned $2.97 earnings per share. Ingredion’s revenue for the quarter was down 1.2% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, research analysts forecast that Ingredion Incorporated will post 10.88 EPS for the current fiscal year.

Ingredion Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Ingredion’s dividend payout ratio (DPR) is 31.60%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Benchmark reissued a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Zacks Research downgraded Ingredion from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. UBS Group reiterated a “neutral” rating and issued a $114.00 price objective on shares of Ingredion in a research note on Thursday, May 7th. Oppenheimer downgraded shares of Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ingredion currently has a consensus rating of “Hold” and an average price target of $122.43.

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.