Picton Mahoney Asset Management Buys 13,615 Shares of Ingredion Incorporated $INGR

Picton Mahoney Asset Management increased its stake in Ingredion Incorporated (NYSE:INGR) by 170,187.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,623 shares of the company’s stock after buying an additional 13,615 shares during the quarter. Picton Mahoney Asset Management’s holdings in Ingredion were worth $1,665,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. WPG Advisers LLC lifted its stake in Ingredion by 100.8% in the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock valued at $30,000 after acquiring an additional 123 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Ingredion by 810.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 227 shares during the period. Root Financial Partners LLC acquired a new stake in Ingredion in the 3rd quarter valued at about $36,000. SJS Investment Consulting Inc. lifted its stake in Ingredion by 4,000.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 410 shares of the company’s stock valued at $50,000 after purchasing an additional 400 shares during the last quarter. Finally, True Wealth Design LLC grew its holdings in Ingredion by 500.0% during the third quarter. True Wealth Design LLC now owns 444 shares of the company’s stock worth $54,000 after purchasing an additional 370 shares during the period. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Stock Performance

INGR opened at $112.90 on Friday. The business has a fifty day simple moving average of $115.58 and a 200 day simple moving average of $116.66. The company has a market capitalization of $7.11 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 0.90 and a beta of 0.69. Ingredion Incorporated has a 1 year low of $102.31 and a 1 year high of $141.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.66 and a quick ratio of 1.73.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.78 billion. Ingredion had a return on equity of 17.32% and a net margin of 10.10%.The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.63 EPS. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Research analysts expect that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Friday, January 2nd were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $3.28 annualized dividend and a dividend yield of 2.9%. Ingredion’s dividend payout ratio is currently 29.39%.

Insider Buying and Selling at Ingredion

In other news, SVP Larry Fernandes sold 3,630 shares of Ingredion stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $118.40, for a total value of $429,792.00. Following the completion of the transaction, the senior vice president directly owned 32,055 shares of the company’s stock, valued at approximately $3,795,312. This trade represents a 10.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James P. Zallie sold 33,597 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $119.66, for a total transaction of $4,020,217.02. Following the transaction, the chief executive officer owned 50,167 shares in the company, valued at $6,002,983.22. The trade was a 40.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,310 shares of company stock valued at $5,741,733 in the last ninety days. Insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

INGR has been the topic of several research analyst reports. Stephens restated an “equal weight” rating and issued a $120.00 price objective on shares of Ingredion in a research note on Wednesday, February 4th. UBS Group boosted their target price on Ingredion from $119.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. iA Financial set a $124.00 price target on Ingredion in a report on Thursday, November 6th. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Ingredion has an average rating of “Hold” and a consensus target price of $125.83.

Ingredion Company 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.