40,058 Ingredion Incorporated $INGR Shares Bought by Leeward Investments LLC MA

Leeward Investments LLC MA raised its stake in Ingredion Incorporated (NYSE:INGR) by 29.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 174,326 shares of the company’s stock after purchasing an additional 40,058 shares during the period. Leeward Investments LLC MA’s holdings in Ingredion were worth $16,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Ingredion in the second quarter worth about $618,834,000. First Trust Advisors LP lifted 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 buying an additional 1,059,324 shares during the last quarter. Equity Investment Corp bought a new stake in shares of Ingredion in the 2nd quarter valued at about $82,499,000. Caisse de depot et placement du Quebec bought a new stake in shares of Ingredion in the 2nd quarter valued at about $61,704,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Ingredion in the 2nd quarter valued at about $52,412,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on INGR. Weiss Ratings raised shares of Ingredion from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. UBS Group reduced their price objective 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 decreased their target price on shares of Ingredion from $118.00 to $115.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 14th. Finally, Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $120.29.

Ingredion Stock Down 0.1%

Ingredion stock opened at $95.58 on Monday. Ingredion Incorporated has a 1-year low of $93.72 and a 1-year high of $123.49. The business has a fifty day moving average price of $99.48 and a 200-day moving average price of $102.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 1.92. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 0.82 and a beta of 0.65.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.11. Ingredion had a return on equity of 15.40% and a net margin of 8.21%. The company 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 company posted $2.87 EPS. 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. Equities research analysts forecast that Ingredion Incorporated will post 10.62 EPS for the current fiscal year.

Ingredion Increases Dividend

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

Insider Buying and Selling at Ingredion

In other news, Director David Fischer sold 1,662 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total transaction of $170,039.22. Following the sale, the director owned 19,930 shares in the company, valued at approximately $2,039,038.30. The trade was a 7.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

About Ingredion

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.