MAI Capital Management Raises Position in Ingredion Incorporated $INGR

MAI Capital Management lifted its position in shares of Ingredion Incorporated (NYSE:INGR) by 627.0% during the third quarter, HoldingsChannel reports. The fund owned 5,031 shares of the company’s stock after acquiring an additional 4,339 shares during the quarter. MAI Capital Management’s holdings in Ingredion were worth $614,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in INGR. Vanguard Group Inc. increased its position in Ingredion by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 7,266,873 shares of the company’s stock worth $985,533,000 after purchasing an additional 22,487 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Ingredion by 2.2% in the third 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. First Trust Advisors LP boosted its stake in shares of Ingredion by 6.0% in the second quarter. First Trust Advisors LP now owns 982,704 shares of the company’s stock valued at $133,274,000 after buying an additional 55,924 shares in the last quarter. Cooke & Bieler LP grew its holdings in Ingredion by 16.0% during the third quarter. Cooke & Bieler LP now owns 903,346 shares of the company’s stock worth $110,308,000 after acquiring an additional 124,517 shares during the period. Finally, Invesco Ltd. raised its position in Ingredion by 2.6% in the second quarter. Invesco Ltd. now owns 876,174 shares of the company’s stock worth $118,827,000 after acquiring an additional 22,245 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. BMO Capital Markets restated a “market perform” rating on shares of Ingredion in a research report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a report on Monday, December 29th. UBS Group increased their target price on shares of Ingredion from $119.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. iA Financial set a $124.00 price target on Ingredion in a research note on Thursday, November 6th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Ingredion in a report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ingredion currently has an average rating of “Hold” and a consensus price target of $125.83.

Ingredion Stock Up 0.3%

Shares of NYSE INGR opened at $117.52 on Monday. The firm’s 50-day moving average is $115.27 and its two-hundred day moving average is $116.84. The company has a market capitalization of $7.40 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 0.93 and a beta of 0.69. Ingredion Incorporated has a 12-month low of $102.31 and a 12-month high of $141.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.66 and a quick ratio of 1.73.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $2.53 earnings per share 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 for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the business earned $2.63 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Equities analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Friday, January 2nd were given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, January 2nd. Ingredion’s dividend payout ratio is currently 29.39%.

Insider Buying and Selling at Ingredion

In related news, CEO James P. Zallie sold 9,958 shares of Ingredion stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $116.55, for a total transaction of $1,160,604.90. Following the completion of the sale, the chief executive officer owned 33,011 shares in the company, valued at approximately $3,847,432.05. This trade represents a 23.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Larry Fernandes sold 1,125 shares of the business’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 completion of the transaction, the senior vice president directly owned 30,514 shares of the company’s stock, valued at $3,556,406.70. The trade was a 3.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 48,311 shares of company stock worth $5,741,840 over the last 90 days. Company insiders own 1.80% of the company’s stock.

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.