Ingredion Incorporated $INGR Holdings Boosted by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its stake in shares of Ingredion Incorporated (NYSE:INGR) by 229.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,339 shares of the company’s stock after purchasing an additional 18,344 shares during the quarter. Quadrant Capital Group LLC’s holdings in Ingredion were worth $2,562,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC raised its position in Ingredion by 4.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,221 shares of the company’s stock worth $250,000 after acquiring an additional 88 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Ingredion by 4.1% in the 1st quarter. Venturi Wealth Management LLC now owns 2,429 shares of the company’s stock valued at $274,000 after acquiring an additional 95 shares during the period. AdvisorNet Financial Inc increased its stake in shares of Ingredion by 17.7% during the 1st quarter. AdvisorNet Financial Inc now owns 766 shares of the company’s stock worth $86,000 after purchasing an additional 115 shares during the last quarter. Cornerstone Wealth Group LLC raised its holdings in shares of Ingredion by 5.8% in the 1st quarter. Cornerstone Wealth Group LLC now owns 2,345 shares of the company’s stock valued at $265,000 after purchasing an additional 129 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in Ingredion by 0.6% in the third quarter. Nisa Investment Advisors LLC now owns 24,795 shares of the company’s stock valued at $2,376,000 after buying an additional 141 shares during the period. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director David Fischer sold 1,662 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total value of $170,039.22. Following the transaction, the director directly owned 19,930 shares in the company, valued at approximately $2,039,038.30. This represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Ingredion Stock Performance

NYSE:INGR opened at $95.64 on Thursday. The stock has a market cap of $6.03 billion, a P/E ratio of 10.43, a PEG ratio of 0.82 and a beta of 0.65. The stock has a 50 day simple moving average of $99.82 and a 200 day simple moving average of $102.42. The company has a current ratio of 2.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.39. Ingredion Incorporated has a 1-year low of $93.72 and a 1-year high of $123.49.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.11. Ingredion had a return on equity of 15.40% and a net margin of 8.21%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the firm posted $2.87 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Research analysts anticipate that Ingredion Incorporated will post 10.76 earnings per share for the current year.

Ingredion Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Thursday, October 1st were given a $0.83 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a boost from Ingredion’s previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.5%. Ingredion’s dividend payout ratio (DPR) is presently 36.21%.

Analyst Ratings Changes

INGR has been the topic of a number of recent analyst reports. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. UBS Group cut their target price on shares of Ingredion from $108.00 to $104.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. Barclays reduced their target price on shares of Ingredion from $118.00 to $115.00 and set an “equal weight” rating for the company in a report on Wednesday, October 14th. Finally, Weiss Ratings downgraded shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Ingredion presently has an average rating of “Hold” and a consensus target price of $120.29.

Ingredion Profile

Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions provider that develops and produces starches, sweeteners, texturizers, fibers, plant-based proteins and other specialty ingredients. The company processes plant-based raw materials, including corn, tapioca, potato, rice and other grains, into ingredients used by manufacturers across a range of industries.

Ingredion’s products support food and beverage applications such as bakery products, dairy and alternative dairy, confectionery, beverages and prepared foods.