Versor Investments LP Purchases New Stake in Ingredion Incorporated $INGR

Versor Investments LP purchased a new stake in shares of Ingredion Incorporated (NYSE:INGR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,300 shares of the company’s stock, valued at approximately $769,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its holdings in Ingredion by 2.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,369,448 shares of the company’s stock valued at $167,223,000 after acquiring an additional 29,433 shares during the period. Oxbow Advisors LLC bought a new position in shares of Ingredion during the third quarter worth approximately $2,784,000. Nordea Investment Management AB increased its stake in shares of Ingredion by 66.3% during the second quarter. Nordea Investment Management AB now owns 722,933 shares of the company’s stock worth $97,531,000 after purchasing an additional 288,201 shares during the period. Acadian Asset Management LLC lifted its holdings in Ingredion by 16.2% during the 2nd quarter. Acadian Asset Management LLC now owns 510,181 shares of the company’s stock worth $69,176,000 after purchasing an additional 71,305 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in Ingredion by 479.3% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 24,434 shares of the company’s stock valued at $2,984,000 after purchasing an additional 20,216 shares during the period. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Trading Down 0.4%

Shares of Ingredion stock opened at $118.76 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 2.66 and a debt-to-equity ratio of 0.41. Ingredion Incorporated has a 12-month low of $102.31 and a 12-month high of $141.78. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 0.95 and a beta of 0.71. The firm’s 50-day moving average price is $113.34 and its two-hundred day moving average price is $117.83.

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

Ingredion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Friday, January 2nd were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, January 2nd. Ingredion’s dividend payout ratio (DPR) is currently 29.39%.

Analyst Ratings Changes

Several research firms have weighed in on INGR. Stephens reiterated an “equal weight” rating and set a $120.00 price objective on shares of Ingredion in a research report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 29th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Oppenheimer set a $136.00 price objective on shares of Ingredion in a report on Wednesday, October 22nd. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Ingredion in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.