Leeward Investments LLC MA increased its holdings in shares of Ingredion Incorporated (NYSE:INGR – Free Report) by 29.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 174,326 shares of the company’s stock after acquiring an additional 40,058 shares during the period. Leeward Investments LLC MA owned about 0.28% of Ingredion worth $16,702,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of INGR. BlackRock Inc. bought a new position in Ingredion in the 2nd quarter valued at $618,834,000. Dimensional Fund Advisors LP boosted its stake in shares of Ingredion by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,115,136 shares of the company’s stock valued at $350,952,000 after purchasing an additional 175,600 shares during the period. First Trust Advisors LP boosted its stake in shares of Ingredion by 53.1% during the first 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 during the period. Quantinno Capital Management LP boosted its stake in shares of Ingredion by 46.9% during the first quarter. Quantinno Capital Management LP now owns 930,771 shares of the company’s stock valued at $104,861,000 after purchasing an additional 297,007 shares during the period. Finally, Equity Investment Corp bought a new position in shares of Ingredion in the second quarter worth about $82,499,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.
Ingredion Trading Down 0.1%
INGR opened at $95.58 on Monday. The stock’s fifty day moving average is $99.48 and its two-hundred day moving average is $102.18. The company has a market capitalization of $6.03 billion, a P/E ratio of 10.42, a PEG ratio of 0.82 and a beta of 0.65. Ingredion Incorporated has a 52 week low of $93.72 and a 52 week high of $123.49. The company has a quick ratio of 1.92, a current ratio of 2.80 and a debt-to-equity ratio of 0.39.
Ingredion (NYSE:INGR – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.11. Ingredion had a return on equity of 15.40% and a net margin of 8.21%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the company posted $2.87 EPS. Ingredion’s revenue was up .9% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Analysts forecast that Ingredion Incorporated will post 10.62 earnings per share for the current year.
Ingredion Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Thursday, October 1st were issued a $0.83 dividend. The ex-dividend date was Thursday, October 1st. This is an increase from Ingredion’s previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a dividend yield of 3.5%. Ingredion’s dividend payout ratio is presently 36.21%.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Barclays decreased their price objective on shares of Ingredion from $118.00 to $115.00 and set an “equal weight” rating for the company in a report on Wednesday, October 14th. UBS Group lowered their price objective on shares of Ingredion from $108.00 to $104.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. Finally, Weiss Ratings raised shares of Ingredion from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $120.29.
Get Our Latest Stock Report on Ingredion
Insider Buying and Selling at Ingredion
In related news, Director David Fischer sold 1,662 shares of Ingredion stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total value of $170,039.22. Following the completion of the sale, the director directly owned 19,930 shares in the company, valued at $2,039,038.30. The trade was a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by insiders.
Ingredion Company Profile
Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions provider that develops and produces starches, sweeteners, texturizers, fibers, plant-based proteins and other specialty ingredients. The company processes plant-based raw materials, including corn, tapioca, potato, rice and other grains, into ingredients used by manufacturers across a range of industries.
Ingredion’s products support food and beverage applications such as bakery products, dairy and alternative dairy, confectionery, beverages and prepared foods.
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