Ingredion Incorporated $INGR Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 615.9% in the first quarter, HoldingsChannel reports. The firm owned 70,654 shares of the company’s stock after acquiring an additional 60,785 shares during the period. Edgestream Partners L.P.’s holdings in Ingredion were worth $7,960,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of INGR. International Assets Investment Management LLC purchased a new stake in Ingredion in the 4th quarter valued at approximately $30,000. GHP Investment Advisors Inc. acquired a new stake in Ingredion during the 1st quarter valued at $33,000. Los Angeles Capital Management LLC purchased a new position in Ingredion during the fourth quarter worth $36,000. Capital Advisors Ltd. LLC increased its position in Ingredion by 40.5% during the fourth quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock worth $39,000 after buying an additional 102 shares in the last quarter. Finally, Root Financial Partners LLC raised its holdings in shares of Ingredion by 83.7% in the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock worth $42,000 after acquiring an additional 169 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Price Performance

INGR stock opened at $101.80 on Thursday. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 9.81, a price-to-earnings-growth ratio of 0.86 and a beta of 0.62. The company has a quick ratio of 1.83, a current ratio of 2.76 and a debt-to-equity ratio of 0.40. Ingredion Incorporated has a 52-week low of $94.44 and a 52-week high of $134.77. The stock’s fifty day simple moving average is $100.06 and its 200-day simple moving average is $108.67.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, May 5th. The company reported $2.34 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 quarter in the previous year, the company posted $2.97 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Equities research analysts expect that Ingredion Incorporated will post 10.81 EPS for the current year.

Ingredion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.2%. Ingredion’s dividend payout ratio is currently 31.60%.

Analyst Upgrades and Downgrades

INGR has been the topic of several recent research reports. Barclays reduced their price objective on Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. UBS Group reissued a “neutral” rating and issued a $114.00 target price on shares of Ingredion in a research note on Thursday, May 7th. Benchmark restated a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Finally, Weiss Ratings cut shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.