Norges Bank Invests $85.31 Million in Ingredion Incorporated $INGR

Norges Bank purchased a new position in Ingredion Incorporated (NYSE:INGR) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 773,713 shares of the company’s stock, valued at approximately $85,310,000.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Ingredion by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock worth $825,556,000 after acquiring an additional 208,606 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Ingredion by 4.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,762,402 shares of the company’s stock worth $337,311,000 after acquiring an additional 114,521 shares during the period. Snyder Capital Management L P lifted its stake in shares of Ingredion by 22.0% in the 3rd quarter. Snyder Capital Management L P now owns 1,323,847 shares of the company’s stock worth $161,655,000 after acquiring an additional 238,420 shares during the period. Cooke & Bieler LP lifted its stake in shares of Ingredion by 33.6% in the 4th quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock worth $133,101,000 after acquiring an additional 303,807 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Ingredion by 143.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock worth $144,685,000 after acquiring an additional 701,063 shares during the period. 85.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on INGR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research note on Friday, March 27th. Oppenheimer dropped their target price on shares of Ingredion from $130.00 to $126.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Barclays dropped their target price on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Zacks Research downgraded shares of Ingredion from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Finally, UBS Group reiterated a “neutral” rating and issued a $114.00 target price on shares of Ingredion in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $122.43.

Ingredion Stock Up 0.7%

NYSE INGR opened at $100.11 on Friday. 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 company’s 50 day simple moving average is $108.36 and its 200 day simple moving average is $111.33. Ingredion Incorporated has a 12 month low of $98.29 and a 12 month high of $140.47. The company has a market capitalization of $6.31 billion, a P/E ratio of 9.64, a PEG ratio of 0.83 and a beta of 0.60.

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 business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the firm earned $2.97 earnings per share. The firm’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 10.88 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, July 1st. Ingredion’s dividend payout ratio is 31.60%.

Insider Activity at Ingredion

In related news, VP Davida Marie Gable sold 375 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total value of $42,165.00. Following the completion of the sale, the vice president owned 7,110 shares in the company, valued at approximately $799,448.40. This represents a 5.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

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.