Ingredion Incorporated $INGR Stock: Vest Financial LLC Boosts Stake

Vest Financial LLC lifted its stake in Ingredion Incorporated (NYSE:INGR) by 11.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,862 shares of the company’s stock after buying an additional 7,354 shares during the period. Vest Financial LLC’s holdings in Ingredion were worth $6,885,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Fifth Third Wealth Advisors LLC increased its stake in Ingredion by 4.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,221 shares of the company’s stock valued at $250,000 after acquiring an additional 88 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Ingredion by 4.1% in the 1st quarter. Venturi Wealth Management LLC now owns 2,429 shares of the company’s stock worth $274,000 after acquiring an additional 95 shares during the period. AdvisorNet Financial Inc lifted its position in shares of Ingredion by 17.7% in the 1st quarter. AdvisorNet Financial Inc now owns 766 shares of the company’s stock worth $86,000 after acquiring an additional 115 shares during the period. Cornerstone Wealth Group LLC lifted its position in shares of Ingredion by 5.8% in the 1st quarter. Cornerstone Wealth Group LLC now owns 2,345 shares of the company’s stock worth $265,000 after acquiring an additional 129 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Ingredion by 0.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 24,795 shares of the company’s stock worth $2,376,000 after purchasing an additional 141 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Insider Buying and Selling at Ingredion

In other news, Director David Fischer sold 1,662 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total value of $170,039.22. Following the completion of the transaction, the director directly owned 19,930 shares of the company’s stock, valued at approximately $2,039,038.30. This represents a 7.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on INGR shares. UBS Group lowered their price objective on Ingredion from $108.00 to $104.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Barclays reduced their target price on Ingredion from $118.00 to $115.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 14th. Finally, Weiss Ratings downgraded shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $120.29.

Ingredion Price Performance

Shares of Ingredion stock opened at $97.41 on Friday. The firm has a market cap of $6.14 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 0.81 and a beta of 0.65. The firm’s 50-day simple moving average is $99.67 and its 200-day simple moving average is $102.31. Ingredion Incorporated has a twelve month low of $93.72 and a twelve month high of $123.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.92 and a current ratio of 2.80.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.11. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the business posted $2.87 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, research analysts expect that Ingredion Incorporated will post 10.76 EPS for the current fiscal year.

Ingredion Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Thursday, October 1st were paid a $0.83 dividend. The ex-dividend date was Thursday, October 1st. This represents a $3.32 annualized dividend and a dividend yield of 3.4%. This is an increase from Ingredion’s previous quarterly dividend of $0.82. Ingredion’s dividend payout ratio is currently 36.21%.

Ingredion Profile

Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions provider that develops and produces starches, sweeteners, texturizers, fibers, plant-based proteins and other specialty ingredients. The company processes plant-based raw materials, including corn, tapioca, potato, rice and other grains, into ingredients used by manufacturers across a range of industries.

Ingredion’s products support food and beverage applications such as bakery products, dairy and alternative dairy, confectionery, beverages and prepared foods.