Virtus Family Office LLC Takes Position in Ingredion Incorporated $INGR

Virtus Family Office LLC purchased a new stake in shares of Ingredion Incorporated (NYSE:INGR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 8,077 shares of the company’s stock, valued at approximately $891,000.

Several other institutional investors and hedge funds have also modified their holdings of INGR. WPG Advisers LLC grew its holdings in shares of Ingredion by 100.8% during the 3rd quarter. WPG Advisers LLC now owns 245 shares of the company’s stock valued at $30,000 after acquiring an additional 123 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Ingredion during the 4th quarter valued at $30,000. Root Financial Partners LLC purchased a new position in shares of Ingredion during the 3rd quarter valued at $36,000. Capital Advisors Ltd. LLC grew its holdings in shares of Ingredion by 40.5% during the 4th quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock valued at $39,000 after acquiring an additional 102 shares in the last quarter. Finally, Ares Financial Consulting LLC purchased a new position in shares of Ingredion during the 4th quarter valued at $46,000. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Jefferies Financial Group restated a “hold” rating on shares of Ingredion in a report on Wednesday, February 4th. Wall Street Zen cut shares of Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Benchmark started coverage on shares of Ingredion in a report on Tuesday, March 17th. They set a “buy” rating and a $130.00 price target on the stock. BMO Capital Markets reaffirmed a “market perform” rating on shares of Ingredion in a research note on Wednesday, February 4th. Finally, Oppenheimer reduced their price objective on shares of Ingredion from $130.00 to $126.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $122.43.

Ingredion Stock Up 1.0%

INGR stock opened at $107.46 on Friday. The company has a current ratio of 2.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.40. Ingredion Incorporated has a 1 year low of $100.71 and a 1 year high of $141.78. The company has a fifty day simple moving average of $112.69 and a 200 day simple moving average of $112.88. The firm has a market cap of $6.78 billion, a PE ratio of 10.35, a PEG ratio of 0.86 and a beta of 0.64.

Ingredion (NYSE:INGR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $1.79 billion. During the same period in the previous year, the firm 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. Sell-side analysts anticipate that Ingredion Incorporated will post 11.24 EPS for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Wednesday, April 1st were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, April 1st. Ingredion’s payout ratio is presently 31.60%.

Insider Activity at Ingredion

In other Ingredion news, SVP Larry Fernandes sold 1,125 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total transaction of $131,118.75. Following the completion of the transaction, the senior vice president owned 30,514 shares of the company’s stock, valued at $3,556,406.70. The trade was a 3.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Davida Marie Gable sold 375 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $112.44, for a total transaction of $42,165.00. Following the transaction, the vice president directly owned 7,110 shares of the company’s stock, valued at approximately $799,448.40. This represents a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 48,686 shares of company stock valued at $5,784,010. Insiders own 1.60% of the company’s stock.

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.