South Dakota Investment Council Acquires 9,600 Shares of Ingredion Incorporated $INGR

South Dakota Investment Council boosted its holdings in Ingredion Incorporated (NYSE:INGR) by 33.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,487 shares of the company’s stock after purchasing an additional 9,600 shares during the quarter. South Dakota Investment Council owned about 0.06% of Ingredion worth $4,336,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Ingredion by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock valued at $825,556,000 after purchasing an additional 208,606 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ingredion by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,115,136 shares of the company’s stock worth $350,952,000 after buying an additional 175,600 shares during the last quarter. First Trust Advisors LP increased its position in Ingredion by 53.1% during the 1st 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 in the last quarter. AQR Capital Management LLC increased its position in Ingredion by 53.3% during the 4th quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock valued at $201,337,000 after buying an additional 634,900 shares in the last quarter. Finally, Snyder Capital Management L P raised its stake in Ingredion by 4.4% during the fourth quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company’s stock valued at $152,355,000 after buying an additional 57,928 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Ingredion Stock Performance

INGR stock opened at $100.38 on Friday. The stock’s 50 day simple moving average is $100.02 and its 200 day simple moving average is $108.57. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. Ingredion Incorporated has a 12-month low of $94.44 and a 12-month high of $132.88. The stock has a market capitalization of $6.33 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 0.86 and a beta of 0.62.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, May 5th. The company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the business posted $2.97 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, research analysts forecast that Ingredion Incorporated will post 10.81 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.