Strategic Investment Advisors MI Acquires New Holdings in Ingredion Incorporated $INGR

Strategic Investment Advisors MI bought a new stake in Ingredion Incorporated (NYSE:INGR) during the first quarter, Holdings Channel.com reports. The institutional investor bought 5,208 shares of the company’s stock, valued at approximately $585,000.

Other hedge funds also recently bought and sold shares of the company. First Trust Advisors LP increased its position in shares of Ingredion by 53.1% during the first quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock valued at $344,080,000 after acquiring an additional 1,059,324 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Ingredion by 22,036.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock worth $114,351,000 after acquiring an additional 1,032,421 shares during the last quarter. Norges Bank acquired a new position in shares of Ingredion in the 4th quarter worth approximately $85,310,000. AQR Capital Management LLC boosted its position in shares of Ingredion by 143.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock worth $144,685,000 after purchasing an additional 701,063 shares during the period. Finally, Cooke & Bieler LP boosted its position in shares of Ingredion by 33.6% during the 4th quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock worth $133,101,000 after purchasing an additional 303,807 shares during the period. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Price Performance

Shares of INGR opened at $100.38 on Friday. Ingredion Incorporated has a fifty-two week low of $94.44 and a fifty-two week high of $132.88. The firm’s 50 day moving average price is $100.02 and its 200 day moving average price is $108.57. The company has a market cap of $6.33 billion, a P/E ratio of 9.67, a PEG ratio of 0.86 and a beta of 0.62. 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 posted its quarterly 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 quarter last year, the firm earned $2.97 EPS. The business’s revenue was down 1.2% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. On average, research analysts forecast that Ingredion Incorporated will post 10.81 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st were issued a $0.82 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a yield of 3.3%. Ingredion’s dividend payout ratio (DPR) is 31.60%.

Analyst Ratings Changes

A number of analysts have issued reports on INGR shares. Benchmark reissued a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Barclays lowered their price target on Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. Weiss Ratings downgraded Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Finally, UBS Group reissued a “neutral” rating and set a $114.00 target price on shares of Ingredion in a research note on Thursday, May 7th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $122.43.

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.