Louisiana State Employees Retirement System Takes Position in Ingredion Incorporated $INGR

Louisiana State Employees Retirement System acquired a new position in shares of Ingredion Incorporated (NYSE:INGR) in the first quarter, Holdings Channel reports. The firm acquired 18,300 shares of the company’s stock, valued at approximately $2,062,000.

A number of other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of Ingredion in the 4th quarter valued at about $30,000. Los Angeles Capital Management LLC bought a new position in shares of Ingredion during the 4th quarter worth approximately $36,000. Capital Advisors Ltd. LLC lifted its position in Ingredion by 40.5% during the fourth quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock valued at $39,000 after acquiring an additional 102 shares during the last quarter. Ares Financial Consulting LLC purchased a new stake in Ingredion during the fourth quarter valued at approximately $46,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Ingredion by 166.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 381 shares of the company’s stock valued at $47,000 after acquiring an additional 238 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors.

Ingredion Stock Down 0.6%

Shares of INGR stock opened at $94.83 on Wednesday. Ingredion Incorporated has a fifty-two week low of $94.44 and a fifty-two week high of $138.40. The firm has a market capitalization of $5.98 billion, a PE ratio of 9.14, a P/E/G ratio of 0.80 and a beta of 0.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 2.76. The stock’s 50-day simple moving average is $103.48 and its 200-day simple moving average is $110.33.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, May 5th. The company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period last year, the firm earned $2.97 EPS. The company’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 analysts expect that Ingredion Incorporated will post 10.88 earnings per share for the current year.

Ingredion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Ingredion’s dividend payout ratio is 31.60%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. UBS Group reaffirmed a “neutral” rating and set a $114.00 price target on shares of Ingredion in a research report on Thursday, May 7th. Zacks Research downgraded Ingredion from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Oppenheimer lowered Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a report on Wednesday, June 24th. Finally, Benchmark restated a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $122.43.

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.