Invenomic Capital Management LP Invests $16.69 Million in Ingredion Incorporated $INGR

Invenomic Capital Management LP purchased a new position in shares of Ingredion Incorporated (NYSE:INGR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 151,377 shares of the company’s stock, valued at approximately $16,691,000. Invenomic Capital Management LP owned about 0.24% of Ingredion as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of Ingredion during the 4th quarter worth approximately $30,000. Los Angeles Capital Management LLC purchased a new stake in shares of Ingredion during the 4th quarter worth approximately $36,000. Capital Advisors Ltd. LLC increased its stake in shares of Ingredion by 40.5% during the 4th quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock worth $39,000 after purchasing an additional 102 shares during the last quarter. Ares Financial Consulting LLC purchased a new stake in shares of Ingredion during the 4th quarter worth approximately $46,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Ingredion by 166.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 381 shares of the company’s stock worth $47,000 after purchasing an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Stock Down 2.2%

Ingredion stock opened at $98.63 on Thursday. Ingredion Incorporated has a 1-year low of $97.12 and a 1-year high of $140.47. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 9.50, a P/E/G ratio of 0.84 and a beta of 0.60. 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 firm has a 50 day simple moving average of $106.50 and a 200 day simple moving average of $111.01.

Ingredion (NYSE:INGR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the prior year, the firm posted $2.97 earnings per share. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. On average, analysts predict that Ingredion Incorporated will post 10.88 earnings per share for the current year.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, July 1st. Ingredion’s dividend payout ratio (DPR) is presently 31.60%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays decreased their price target on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a research note on Friday, March 27th. UBS Group reiterated a “neutral” rating and issued a $114.00 price objective on shares of Ingredion in a research note on Thursday, May 7th. Benchmark reiterated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Finally, Oppenheimer lowered shares of Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $122.43.

Ingredion 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.