NewEdge Wealth LLC Trims Stock Position in Ingredion Incorporated $INGR

NewEdge Wealth LLC trimmed its stake in shares of Ingredion Incorporated (NYSE:INGR) by 56.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,201 shares of the company’s stock after selling 6,806 shares during the quarter. NewEdge Wealth LLC’s holdings in Ingredion were worth $586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. First Trust Advisors LP lifted its holdings 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 worth $344,080,000 after purchasing an additional 1,059,324 shares during the period. PNC Financial Services Group Inc. increased its stake in Ingredion by 2.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 25,921 shares of the company’s stock valued at $2,920,000 after buying an additional 628 shares during the period. Florida Financial Advisors LLC acquired a new position in Ingredion in the 1st quarter valued at $233,000. Basepoint Wealth LLC raised its position in Ingredion by 7.9% during the 1st quarter. Basepoint Wealth LLC now owns 24,248 shares of the company’s stock worth $2,732,000 after buying an additional 1,774 shares during the last quarter. Finally, Meeder Advisory Services Inc. lifted its stake in shares of Ingredion by 25.8% in the 1st quarter. Meeder Advisory Services Inc. now owns 3,659 shares of the company’s stock worth $412,000 after acquiring an additional 750 shares during the period. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingredion Price Performance

INGR stock opened at $102.73 on Wednesday. The firm has a 50 day moving average of $100.03 and a 200-day moving average of $108.74. Ingredion Incorporated has a 12-month low of $94.44 and a 12-month high of $134.77. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 0.85 and a beta of 0.62.

Ingredion (NYSE:INGR) last announced 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 firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the firm earned $2.97 EPS. Ingredion’s revenue was down 1.2% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, equities analysts expect that Ingredion Incorporated will post 10.81 EPS for the current fiscal year.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st were issued a $0.82 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $3.28 annualized dividend and a yield of 3.2%. Ingredion’s dividend payout ratio is 31.60%.

Analyst Ratings Changes

INGR has been the topic of several analyst reports. Benchmark reaffirmed a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Barclays reduced their price objective 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. UBS Group reaffirmed a “neutral” rating and issued a $114.00 price objective on shares of Ingredion in a report on Thursday, May 7th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings cut Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Ingredion presently has a consensus rating of “Hold” and an average target price of $122.43.

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.