Sei Investments Co. Acquires 5,946 Shares of Ingredion Incorporated $INGR

Sei Investments Co. raised its holdings in Ingredion Incorporated (NYSE:INGR) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 156,712 shares of the company’s stock after acquiring an additional 5,946 shares during the period. Sei Investments Co. owned about 0.25% of Ingredion worth $17,655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of INGR. First Trust Advisors LP lifted its holdings in shares of Ingredion by 53.1% during the 1st quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock valued at $344,080,000 after purchasing an additional 1,059,324 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Ingredion by 22,036.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock valued at $114,351,000 after buying an additional 1,032,421 shares in the last quarter. Norges Bank acquired a new position in shares of Ingredion in the fourth quarter valued at approximately $85,310,000. AQR Capital Management LLC increased its position in shares of Ingredion by 143.1% during the third quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock worth $144,685,000 after acquiring an additional 701,063 shares in the last quarter. Finally, Cooke & Bieler LP raised its holdings in shares of Ingredion by 33.6% during the fourth quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock worth $133,101,000 after acquiring an additional 303,807 shares during the period. 85.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on INGR shares. Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. UBS Group reiterated a “neutral” rating and set a $114.00 price objective on shares of Ingredion in a report on Thursday, May 7th. Benchmark restated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Barclays lowered their price objective on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $122.43.

Ingredion Price Performance

NYSE:INGR opened at $101.80 on Thursday. Ingredion Incorporated has a 52-week low of $94.44 and a 52-week high of $134.77. The company has a market cap of $6.42 billion, a P/E ratio of 9.81, a P/E/G ratio of 0.86 and a beta of 0.62. 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’s 50-day simple moving average is $100.06 and its 200 day simple moving average is $108.67.

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

Ingredion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, July 1st. Ingredion’s dividend payout ratio is presently 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.