Skba Capital Management LLC Has $7.08 Million Holdings in Ingredion Incorporated $INGR

Skba Capital Management LLC decreased its stake in shares of Ingredion Incorporated (NYSE:INGR) by 35.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,950 shares of the company’s stock after selling 32,350 shares during the quarter. Skba Capital Management LLC owned about 0.09% of Ingredion worth $7,076,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its stake in Ingredion by 2.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,369,448 shares of the company’s stock valued at $167,223,000 after purchasing an additional 29,433 shares during the period. Oxbow Advisors LLC purchased a new position in shares of Ingredion in the 3rd quarter worth about $2,784,000. Dover Advisors LLC bought a new position in Ingredion during the third quarter valued at about $1,710,000. Cooke & Bieler LP grew its position in shares of Ingredion by 16.0% during the 3rd quarter. Cooke & Bieler LP now owns 903,346 shares of the company’s stock valued at $110,308,000 after acquiring an additional 124,517 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of Ingredion by 16.2% during the 2nd quarter. Acadian Asset Management LLC now owns 510,181 shares of the company’s stock valued at $69,176,000 after acquiring an additional 71,305 shares during the period. 85.27% of the stock is owned by institutional investors.

Ingredion Stock Performance

Ingredion stock opened at $115.06 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.73 and a current ratio of 2.66. Ingredion Incorporated has a fifty-two week low of $102.31 and a fifty-two week high of $141.78. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 0.92 and a beta of 0.69. The stock’s 50 day simple moving average is $115.49 and its two-hundred day simple moving average is $116.70.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.78 billion. Ingredion had a return on equity of 17.32% and a net margin of 10.10%.Ingredion’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.63 EPS. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Friday, January 2nd were issued a dividend of $0.82 per share. The ex-dividend date was Friday, January 2nd. This represents a $3.28 annualized dividend and a dividend yield of 2.9%. Ingredion’s dividend payout ratio (DPR) is presently 29.39%.

Insider Buying and Selling at Ingredion

In related news, CEO James P. Zallie sold 33,597 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $119.66, for a total value of $4,020,217.02. Following the transaction, the chief executive officer owned 50,167 shares in the company, valued at $6,002,983.22. The trade was a 40.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Larry Fernandes sold 3,630 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $118.40, for a total transaction of $429,792.00. Following the sale, the senior vice president owned 32,055 shares of the company’s stock, valued at approximately $3,795,312. This represents a 10.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 48,311 shares of company stock valued at $5,741,840 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

INGR has been the topic of several research analyst reports. Stephens reiterated an “equal weight” rating and issued a $120.00 price objective on shares of Ingredion in a research note on Wednesday, February 4th. Barclays upped their price target on Ingredion from $124.00 to $128.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 29th. iA Financial set a $124.00 target price on shares of Ingredion in a research note on Thursday, November 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Ingredion in a report on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $125.83.

About Ingredion

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.