Sei Investments Co. boosted its position in Ingredion Incorporated (NYSE:INGR – Free Report) by 3.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 156,712 shares of the company’s stock after purchasing an additional 5,946 shares during the period. Sei Investments Co.’s holdings in Ingredion were worth $17,655,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP lifted its position in shares of Ingredion by 53.1% in the first quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock valued at $344,080,000 after buying an additional 1,059,324 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Ingredion by 2.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 25,921 shares of the company’s stock worth $2,920,000 after acquiring an additional 628 shares during the last quarter. Florida Financial Advisors LLC acquired a new position in shares of Ingredion during the 1st quarter worth approximately $233,000. Basepoint Wealth LLC raised its stake in Ingredion by 7.9% in the 1st quarter. Basepoint Wealth LLC now owns 24,248 shares of the company’s stock valued at $2,732,000 after acquiring an additional 1,774 shares during the period. Finally, Meeder Advisory Services Inc. lifted its holdings in Ingredion by 25.8% during the 1st quarter. Meeder Advisory Services Inc. now owns 3,659 shares of the company’s stock valued at $412,000 after purchasing an additional 750 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have commented on INGR shares. Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings downgraded shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Barclays decreased their price target on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Finally, UBS Group reissued a “neutral” rating and issued a $114.00 price target on shares of Ingredion in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Ingredion currently has an average rating of “Hold” and an average price target of $122.43.
Ingredion Stock Performance
Shares of NYSE INGR opened at $101.80 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.76 and a quick ratio of 1.83. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 9.81, a P/E/G ratio of 0.86 and a beta of 0.62. The stock’s fifty day moving average price is $100.06 and its two-hundred day moving average price is $108.67. Ingredion Incorporated has a one year low of $94.44 and a one year high of $134.77.
Ingredion (NYSE:INGR – Get Free Report) last posted 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). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. On average, equities analysts forecast that Ingredion Incorporated will post 10.81 EPS for the current year.
Ingredion Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st were paid a $0.82 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $3.28 annualized dividend and a yield of 3.2%. Ingredion’s payout ratio is 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.
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