Ingredion Incorporated $INGR Holdings Trimmed by Cooke & Bieler LP

Cooke & Bieler LP trimmed its stake in shares of Ingredion Incorporated (NYSE:INGR) by 24.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 785,849 shares of the company’s stock after selling 251,573 shares during the quarter. Cooke & Bieler LP owned approximately 1.25% of Ingredion worth $75,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Elevation Wealth Partners LLC bought a new stake in Ingredion in the third quarter valued at approximately $32,000. GHP Investment Advisors Inc. purchased a new stake in shares of Ingredion during the first quarter valued at approximately $33,000. Bell Investment Advisors Inc purchased a new stake in shares of Ingredion during the second quarter valued at approximately $34,000. Root Financial Partners LLC boosted its stake in shares of Ingredion by 83.7% during the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock valued at $42,000 after purchasing an additional 169 shares during the period. Finally, Continuum Advisory LLC bought a new position in shares of Ingredion in the second quarter worth approximately $43,000. 85.27% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director David Fischer sold 1,662 shares of the 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 completion of the transaction, the director directly owned 19,930 shares in the company, valued at $2,039,038.30. This trade represents a 7.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

Ingredion Price Performance

Shares of INGR stock opened at $95.64 on Thursday. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 0.82 and a beta of 0.65. The business’s fifty day moving average is $99.82 and its 200 day moving average is $102.42. Ingredion Incorporated has a twelve month low of $93.72 and a twelve month high of $123.49. The company has a quick ratio of 1.92, a current ratio of 2.80 and a debt-to-equity ratio of 0.39.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the company earned $2.87 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Research analysts expect that Ingredion Incorporated will post 10.76 EPS for the current fiscal year.

Ingredion Increases Dividend

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

Analyst Ratings Changes

Several brokerages recently commented on INGR. Barclays decreased their target price on shares of Ingredion from $118.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 14th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. UBS Group dropped their price target on shares of Ingredion from $108.00 to $104.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. Finally, Weiss Ratings cut shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock 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.