Ingredion Incorporated $INGR Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. decreased its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 54.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,160 shares of the company’s stock after selling 32,335 shares during the period. Heartland Advisors Inc.’s holdings in Ingredion were worth $3,317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. WPG Advisers LLC raised its position in Ingredion by 100.8% in the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock worth $30,000 after acquiring an additional 123 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Ingredion by 810.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 227 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Ingredion in the third quarter valued at about $36,000. SJS Investment Consulting Inc. grew its position in Ingredion by 4,000.0% during the third quarter. SJS Investment Consulting Inc. now owns 410 shares of the company’s stock worth $50,000 after buying an additional 400 shares during the period. Finally, Whittier Trust Co. purchased a new position in Ingredion in the second quarter valued at about $53,000. 85.27% of the stock is owned by institutional investors and hedge funds.

Ingredion Price Performance

INGR stock opened at $116.51 on Wednesday. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 0.95 and a beta of 0.71. The stock’s fifty day simple moving average is $114.40 and its 200-day simple moving average is $117.38. Ingredion Incorporated has a 52-week low of $102.31 and a 52-week high of $141.78. The company has a quick ratio of 1.73, a current ratio of 2.66 and a debt-to-equity ratio of 0.41.

Ingredion (NYSE:INGR) last issued its quarterly earnings results 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). Ingredion had a return on equity of 17.32% and a net margin of 10.10%.The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the business posted $2.63 earnings per share. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Equities research analysts expect that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Friday, January 2nd were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, January 2nd. Ingredion’s payout ratio is 29.39%.

Insider Activity

In other news, CEO James P. Zallie sold 33,597 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $119.66, for a total transaction of $4,020,217.02. Following the completion of the sale, the chief executive officer owned 50,167 shares in the company, valued at approximately $6,002,983.22. The trade was a 40.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Larry Fernandes sold 3,630 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $118.40, for a total transaction of $429,792.00. Following the completion of the sale, the senior vice president directly owned 32,055 shares of the company’s stock, valued at $3,795,312. The trade was a 10.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,228 shares of company stock valued at $4,450,117 over the last 90 days. 2.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on INGR. Barclays raised their price objective on Ingredion from $124.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Stephens reissued an “equal weight” rating and set a $120.00 price objective on shares of Ingredion in a research note on Wednesday, February 4th. Wall Street Zen cut Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $125.83.

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.