Ethic Inc. Reduces Position in Ingredion Incorporated $INGR

Ethic Inc. lessened its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 27.3% in the 4th quarter, Holdings Channel reports. The fund owned 14,989 shares of the company’s stock after selling 5,642 shares during the quarter. Ethic Inc.’s holdings in Ingredion were worth $1,653,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Integrated Wealth Concepts LLC increased its position in Ingredion by 32.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company’s stock worth $281,000 after purchasing an additional 514 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ingredion by 63.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,694 shares of the company’s stock valued at $499,000 after buying an additional 1,440 shares during the period. NewEdge Advisors LLC increased its stake in Ingredion by 9.0% during the first quarter. NewEdge Advisors LLC now owns 9,687 shares of the company’s stock worth $1,310,000 after purchasing an additional 797 shares during the period. Goldman Sachs Group Inc. increased its stake in Ingredion by 5.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company’s stock worth $13,712,000 after buying an additional 5,255 shares during the period. Finally, Focus Partners Wealth raised its stake in shares of Ingredion by 5.6% in the first quarter. Focus Partners Wealth now owns 3,636 shares of the company’s stock valued at $492,000 after acquiring an additional 192 shares in the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on INGR shares. UBS Group reaffirmed a “neutral” rating and issued a $114.00 target price on shares of Ingredion in a report on Thursday, May 7th. Jefferies Financial Group reiterated a “hold” rating on shares of Ingredion in a research report on Wednesday, February 4th. Barclays reduced 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 report on Wednesday, May 6th. Benchmark assumed coverage on Ingredion in a research note on Tuesday, March 17th. They set a “buy” rating and a $130.00 price objective for the company. Finally, BMO Capital Markets restated a “market perform” rating on shares of Ingredion in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $122.43.

Insider Transactions at Ingredion

In other news, CEO James P. Zallie sold 9,958 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total transaction of $1,160,604.90. Following the transaction, the chief executive officer directly owned 33,011 shares in the company, valued at $3,847,432.05. This represents a 23.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Larry Fernandes sold 1,125 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $116.55, for a total transaction of $131,118.75. Following the transaction, the senior vice president directly owned 30,514 shares in the company, valued at approximately $3,556,406.70. This represents a 3.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,459 shares of company stock worth $1,334,001 in the last three months. Company insiders own 1.60% of the company’s stock.

Ingredion Stock Up 0.6%

Shares of NYSE:INGR opened at $106.83 on Wednesday. The company has a market capitalization of $6.74 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.86 and a beta of 0.64. The company has a quick ratio of 1.83, a current ratio of 2.76 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $112.08 and its 200-day simple moving average is $112.59. Ingredion Incorporated has a 52-week low of $100.71 and a 52-week high of $141.78.

Ingredion (NYSE:INGR) last released its quarterly earnings results 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). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. Ingredion had a return on equity of 15.86% and a net margin of 9.36%.Ingredion’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.97 earnings per share. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, equities research analysts forecast that Ingredion Incorporated will post 11.24 earnings per share for the current fiscal year.

Ingredion Announces Dividend

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

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.