Equity Investment Corp Buys 18,569 Shares of Ingredion Incorporated $INGR

Equity Investment Corp lifted its holdings in Ingredion Incorporated (NYSE:INGR) by 2.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 789,939 shares of the company’s stock after acquiring an additional 18,569 shares during the quarter. Equity Investment Corp’s holdings in Ingredion were worth $87,099,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of Ingredion in the 4th quarter worth approximately $30,000. Los Angeles Capital Management LLC purchased a new stake in shares of Ingredion in the 4th quarter worth approximately $36,000. Capital Advisors Ltd. LLC lifted its position in shares of Ingredion by 40.5% in the 4th quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock worth $39,000 after purchasing an additional 102 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of Ingredion by 166.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 381 shares of the company’s stock worth $47,000 after purchasing an additional 238 shares during the period. Finally, Ares Financial Consulting LLC purchased a new stake in shares of Ingredion in the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on INGR. Benchmark reaffirmed a “buy” rating on shares of Ingredion in a research report on Tuesday. Barclays lowered their price target on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research report on Friday, March 27th. Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday. Finally, Zacks Research cut shares of Ingredion from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $122.43.

Insider Activity

In other Ingredion news, VP Davida Marie Gable sold 375 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total value of $42,165.00. Following the completion of the transaction, the vice president owned 7,110 shares of the company’s stock, valued at approximately $799,448.40. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Ingredion Trading Down 1.4%

NYSE INGR opened at $101.09 on Friday. The company has a fifty day simple moving average of $107.48 and a two-hundred day simple moving average of $111.19. The stock has a market cap of $6.37 billion, a P/E ratio of 9.74, a P/E/G ratio of 0.86 and a beta of 0.60. Ingredion Incorporated has a 12-month low of $97.12 and a 12-month high of $140.47. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40.

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

Ingredion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be issued a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.2%. Ingredion’s dividend payout ratio (DPR) is currently 31.60%.

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.