SG Americas Securities LLC Acquires 28,301 Shares of Ingredion Incorporated $INGR

SG Americas Securities LLC boosted its holdings in Ingredion Incorporated (NYSE:INGR) by 203.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,182 shares of the company’s stock after purchasing an additional 28,301 shares during the quarter. SG Americas Securities LLC’s holdings in Ingredion were worth $4,752,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of INGR. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Ingredion by 22,036.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock worth $114,351,000 after acquiring an additional 1,032,421 shares during the period. First Trust Advisors LP increased its stake in shares of Ingredion by 90.9% in the 4th quarter. First Trust Advisors LP now owns 1,994,825 shares of the company’s stock valued at $219,949,000 after purchasing an additional 950,006 shares during the last quarter. Norges Bank bought a new position in shares of Ingredion in the 4th quarter valued at $85,310,000. AQR Capital Management LLC raised its holdings in shares of Ingredion by 143.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock worth $144,685,000 after buying an additional 701,063 shares in the last quarter. Finally, Cooke & Bieler LP raised its holdings in shares of Ingredion by 33.6% during the 4th quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock worth $133,101,000 after buying an additional 303,807 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Benchmark reissued a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. UBS Group reiterated a “neutral” rating and set a $114.00 price objective on shares of Ingredion in a research report on Thursday, May 7th. Barclays dropped their price objective on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $122.43.

Ingredion Trading Down 2.2%

INGR opened at $95.38 on Tuesday. Ingredion Incorporated has a fifty-two week low of $94.82 and a fifty-two week high of $138.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.76 and a quick ratio of 1.83. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 0.82 and a beta of 0.60. The company’s 50 day moving average price is $103.89 and its two-hundred day moving average price is $110.43.

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 business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. Ingredion’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, research analysts predict that Ingredion Incorporated will post 10.88 earnings per share for the current year.

Ingredion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Ingredion’s dividend payout ratio (DPR) is currently 31.60%.

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.