Royal Bank of Canada Boosts Stock Holdings in Ingredion Incorporated $INGR

Royal Bank of Canada lifted its stake in Ingredion Incorporated (NYSE:INGR) by 12.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 108,009 shares of the company’s stock after buying an additional 11,652 shares during the period. Royal Bank of Canada’s holdings in Ingredion were worth $12,169,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of INGR. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 worth $114,351,000 after purchasing an additional 1,032,421 shares during the last quarter. Cooke & Bieler LP boosted its position in Ingredion by 33.6% during the 4th quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock valued at $133,101,000 after buying an additional 303,807 shares during the period. ING Groep NV bought a new stake in Ingredion in the 4th quarter worth $6,825,000. Norges Bank purchased a new position in shares of Ingredion in the fourth quarter valued at about $85,310,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Ingredion during the fourth quarter valued at about $1,823,000. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingredion Trading Up 1.3%

NYSE:INGR opened at $104.24 on Friday. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.89 and a beta of 0.62. The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average price is $99.98 and its 200-day moving average price is $108.10. Ingredion Incorporated has a 52 week low of $94.44 and a 52 week high of $130.48.

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

Ingredion Announces Dividend

The firm also recently disclosed 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 3.1%. The ex-dividend date was Wednesday, July 1st. Ingredion’s dividend payout ratio (DPR) is presently 35.77%.

Insider Transactions at Ingredion

In other news, Director David B. Fischer sold 1,662 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total transaction of $170,039.22. Following the sale, the director owned 19,930 shares of the company’s stock, valued at $2,039,038.30. This trade represents a 7.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on INGR shares. UBS Group lifted their price target on shares of Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday. Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. Finally, Benchmark restated a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Ingredion presently has an average rating of “Hold” and an average price target of $121.29.

Ingredion Company 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.