Pacer Advisors Inc. Has $825,000 Stock Holdings in Ingredion Incorporated $INGR

Pacer Advisors Inc. reduced its position in shares of Ingredion Incorporated (NYSE:INGR) by 96.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 7,319 shares of the company’s stock after selling 189,573 shares during the quarter. Pacer Advisors Inc.’s holdings in Ingredion were worth $825,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in INGR. First Trust Advisors LP grew its holdings in Ingredion by 53.1% during the 1st quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock worth $344,080,000 after acquiring an additional 1,059,324 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Ingredion by 22,036.7% during 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 period. Norges Bank acquired a new position in shares of Ingredion during the fourth quarter worth $85,310,000. AQR Capital Management LLC grew its stake in shares of Ingredion by 143.1% in the third quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock worth $144,685,000 after purchasing an additional 701,063 shares during the last quarter. Finally, Cooke & Bieler LP increased its holdings in Ingredion by 33.6% in the fourth quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock valued at $133,101,000 after purchasing an additional 303,807 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Insider Activity

In related news, Director David B. Fischer sold 1,662 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total transaction of $170,039.22. Following the transaction, the director owned 19,930 shares in the company, valued at $2,039,038.30. The trade was a 7.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by insiders.

Ingredion Trading Down 0.1%

NYSE INGR opened at $104.24 on Monday. The business has a 50 day simple moving average of $99.98 and a 200 day simple moving average of $108.06. Ingredion Incorporated has a one year low of $94.44 and a one year high of $130.48. The stock has a market capitalization of $6.57 billion, a P/E ratio of 11.37, a P/E/G ratio of 0.89 and a beta of 0.62. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 1.92.

Ingredion (NYSE:INGR) last issued its earnings results 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. 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 the consensus estimate of $1.83 billion. During the same period in the previous year, the company posted $2.87 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Research analysts expect that Ingredion Incorporated will post 10.6 earnings per share for the current year.

Ingredion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders 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 dividend yield of 3.1%. Ingredion’s payout ratio is currently 35.77%.

Wall Street Analyst Weigh In

INGR has been the subject of several analyst reports. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Barclays lowered their price objective on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Wednesday. UBS Group upped their target price on Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Benchmark restated a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Finally, Weiss Ratings lowered shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $121.29.

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.