Ingredion Incorporated $INGR Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its holdings in Ingredion Incorporated (NYSE:INGR) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 696,046 shares of the company’s stock after selling 11,293 shares during the quarter. Principal Financial Group Inc.’s holdings in Ingredion were worth $78,418,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in INGR. Vanguard Group Inc. boosted its holdings in Ingredion by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock worth $825,556,000 after buying an additional 208,606 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ingredion by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,939,536 shares of the company’s stock valued at $324,118,000 after buying an additional 177,134 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Ingredion by 90.9% during the 4th quarter. First Trust Advisors LP now owns 1,994,825 shares of the company’s stock valued at $219,949,000 after acquiring an additional 950,006 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Ingredion by 53.3% during the 4th quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock valued at $201,337,000 after acquiring an additional 634,900 shares during the last quarter. Finally, Snyder Capital Management L P boosted its stake in shares of Ingredion by 4.4% during the 4th quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company’s stock worth $152,355,000 after acquiring an additional 57,928 shares in the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

Ingredion Price Performance

Shares of NYSE:INGR opened at $102.15 on Friday. The company’s fifty day moving average is $100.39 and its two-hundred day moving average is $109.24. The company has a market cap of $6.44 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 0.83 and a beta of 0.62. Ingredion Incorporated has a 12-month low of $94.44 and a 12-month high of $135.90. The company has a quick ratio of 1.83, a current ratio of 2.76 and a debt-to-equity ratio of 0.40.

Ingredion (NYSE:INGR) last issued its earnings results on Tuesday, May 5th. The company reported $2.34 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.10). Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period last year, the business earned $2.97 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Equities analysts expect that Ingredion Incorporated will post 10.88 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, July 1st. Ingredion’s payout ratio is 31.60%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on INGR shares. UBS Group restated a “neutral” rating and issued a $114.00 target price on shares of Ingredion in a report on Thursday, May 7th. Weiss Ratings downgraded Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Barclays dropped their price target on Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Oppenheimer lowered shares of Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ingredion presently has an average rating of “Hold” and a consensus price target of $122.43.

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.