Ingredion Incorporated $INGR Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its position in Ingredion Incorporated (NYSE:INGR) by 7.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 393,923 shares of the company’s stock after selling 31,410 shares during the period. JPMorgan Chase & Co. owned approximately 0.61% of Ingredion worth $48,102,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. WPG Advisers LLC grew its holdings in Ingredion by 100.8% during the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock worth $30,000 after acquiring an additional 123 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Ingredion by 810.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 227 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Ingredion in the 3rd quarter worth approximately $36,000. SJS Investment Consulting Inc. raised its holdings in shares of Ingredion by 4,000.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 410 shares of the company’s stock worth $50,000 after purchasing an additional 400 shares in the last quarter. Finally, True Wealth Design LLC raised its holdings in shares of Ingredion by 500.0% in the 3rd quarter. True Wealth Design LLC now owns 444 shares of the company’s stock worth $54,000 after purchasing an additional 370 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Larry Fernandes sold 1,125 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $116.55, for a total value of $131,118.75. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James P. Zallie sold 9,958 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer owned 33,011 shares of the company’s stock, valued at approximately $3,847,432.05. This represents a 23.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 48,311 shares of company stock valued at $5,741,840. Insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on INGR shares. BMO Capital Markets restated a “market perform” rating on shares of Ingredion in a research report on Wednesday, February 4th. Jefferies Financial Group reissued a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. UBS Group boosted their target price on Ingredion from $119.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Barclays upped their target price on Ingredion from $124.00 to $128.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Finally, Stephens reissued an “equal weight” rating and issued a $120.00 price target on shares of Ingredion in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Ingredion presently has an average rating of “Hold” and a consensus price target of $125.83.

Ingredion Stock Performance

INGR stock opened at $117.18 on Friday. The company has a quick ratio of 1.73, a current ratio of 2.66 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 0.92 and a beta of 0.71. Ingredion Incorporated has a 12 month low of $102.31 and a 12 month high of $141.78. The firm has a 50 day moving average of $115.13 and a two-hundred day moving average of $117.05.

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

Ingredion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 2nd were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, January 2nd. Ingredion’s dividend payout ratio is presently 29.39%.

About Ingredion

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.