Sequoia Financial Advisors LLC Has $1.59 Million Position in Ingredion Incorporated $INGR

Sequoia Financial Advisors LLC boosted its stake in Ingredion Incorporated (NYSE:INGR) by 52.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,417 shares of the company’s stock after purchasing an additional 4,972 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Ingredion were worth $1,590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INGR. Vanguard Group Inc. raised its holdings in shares of Ingredion by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock valued at $825,556,000 after purchasing an additional 208,606 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Ingredion by 4.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,762,402 shares of the company’s stock valued at $337,311,000 after buying an additional 114,521 shares during the period. Massachusetts Financial Services Co. MA increased its position 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 buying an additional 29,433 shares in the last quarter. Snyder Capital Management L P raised its stake in Ingredion by 22.0% during the 3rd quarter. Snyder Capital Management L P now owns 1,323,847 shares of the company’s stock worth $161,655,000 after buying an additional 238,420 shares during the period. Finally, AQR Capital Management LLC raised its stake in Ingredion by 143.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock worth $144,685,000 after buying an additional 701,063 shares during the period. 85.27% of the stock is owned by institutional investors.

Insider Transactions at Ingredion

In other news, VP Davida Marie Gable sold 375 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total value of $42,165.00. Following the completion of the sale, the vice president owned 7,110 shares in the company, valued at $799,448.40. This represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Larry Fernandes sold 1,125 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total transaction of $131,118.75. Following the transaction, the senior vice president directly owned 30,514 shares in the company, valued at $3,556,406.70. The trade was a 3.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 48,686 shares of company stock worth $5,784,010 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on INGR. Benchmark started coverage on Ingredion in a research note on Tuesday, March 17th. They issued a “buy” rating and a $130.00 price objective for the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of Ingredion in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a report on Friday, March 27th. Jefferies Financial Group reissued a “hold” rating on shares of Ingredion in a research report on Wednesday, February 4th. Finally, Stephens restated an “equal weight” rating and set a $120.00 price target on shares of Ingredion in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Ingredion currently has an average rating of “Hold” and a consensus price target of $122.43.

Ingredion Stock Performance

Shares of INGR opened at $106.11 on Tuesday. The firm has a market capitalization of $6.69 billion, a P/E ratio of 10.22, a P/E/G ratio of 0.87 and a beta of 0.64. Ingredion Incorporated has a 52 week low of $100.71 and a 52 week high of $141.78. The stock has a 50 day moving average price of $112.29 and a two-hundred day moving average price of $112.68. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 2.76.

Ingredion (NYSE:INGR) 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). Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the business earned $2.97 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Equities analysts forecast that Ingredion Incorporated will post 11.24 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Wednesday, April 1st were paid a $0.82 dividend. The ex-dividend date was Wednesday, April 1st. This represents a $3.28 annualized dividend and a dividend yield of 3.1%. 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.