Rhumbline Advisers Boosts Stake in Ingredion Incorporated $INGR

Rhumbline Advisers increased its stake in Ingredion Incorporated (NYSE:INGR) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 193,973 shares of the company’s stock after purchasing an additional 5,815 shares during the quarter. Rhumbline Advisers owned approximately 0.30% of Ingredion worth $23,686,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. WPG Advisers LLC raised its stake in shares of Ingredion by 100.8% in the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock worth $30,000 after buying an additional 123 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Ingredion by 810.7% during the second quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $35,000 after acquiring an additional 227 shares during the last quarter. Root Financial Partners LLC purchased a new stake in Ingredion in the 3rd quarter worth $36,000. Whittier Trust Co. bought a new position in shares of Ingredion during the 2nd quarter valued at about $53,000. Finally, SJS Investment Consulting Inc. grew its position in shares of Ingredion by 4,000.0% during the third quarter. SJS Investment Consulting Inc. now owns 410 shares of the company’s stock valued at $50,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Ingredion Stock Up 1.0%

NYSE:INGR opened at $118.34 on Tuesday. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 0.95 and a beta of 0.71. Ingredion Incorporated has a twelve month low of $102.31 and a twelve month high of $141.78. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.41. The stock has a fifty day simple moving average of $114.19 and a 200-day simple moving average of $117.45.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $2.53 EPS for the quarter, missing the consensus estimate of $2.59 by ($0.06). The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Ingredion had a return on equity of 17.32% and a net margin of 10.10%.The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.63 EPS. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on INGR. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. iA Financial set a $124.00 target price on Ingredion in a report on Thursday, November 6th. Barclays increased their price target on Ingredion from $124.00 to $128.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Stephens restated an “equal weight” rating and issued a $120.00 price target on shares of Ingredion in a research report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $125.83.

Insider Buying and Selling at Ingredion

In other news, 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 transaction, the senior vice president owned 32,055 shares of the company’s stock, valued at approximately $3,795,312. This represents a 10.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James P. Zallie sold 33,597 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $119.66, for a total value of $4,020,217.02. Following the transaction, the chief executive officer owned 50,167 shares in the company, valued at approximately $6,002,983.22. This represents a 40.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,228 shares of company stock worth $4,450,117 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

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.