Ingredion Incorporated $INGR Stock Sold by Cooke & Bieler LP

Cooke & Bieler LP lowered its stake in Ingredion Incorporated (NYSE:INGR) by 24.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 785,849 shares of the company’s stock after selling 251,573 shares during the quarter. Cooke & Bieler LP’s holdings in Ingredion were worth $75,292,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC bought a new position in Ingredion during the 3rd quarter valued at approximately $32,000. GHP Investment Advisors Inc. purchased a new position in Ingredion during the first quarter valued at $33,000. Bell Investment Advisors Inc bought a new stake in Ingredion in the second quarter worth $34,000. Root Financial Partners LLC boosted its holdings in 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 in the last quarter. Finally, Continuum Advisory LLC bought a new stake in Ingredion in the second quarter worth $43,000. Institutional investors own 85.27% of the company’s stock.

Insider Activity at Ingredion

In other news, Director David Fischer sold 1,662 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total value of $170,039.22. Following the transaction, the director owned 19,930 shares of the company’s stock, valued at $2,039,038.30. This trade represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Ingredion Trading Down 1.2%

NYSE:INGR opened at $95.64 on Thursday. The company has a market cap of $6.03 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 0.82 and a beta of 0.65. The company has a current ratio of 2.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.39. Ingredion Incorporated has a 12 month low of $93.72 and a 12 month high of $123.49. The company has a 50 day simple moving average of $99.82 and a two-hundred day simple moving average of $102.42.

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

Ingredion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Thursday, October 1st were issued a $0.83 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $3.32 dividend on an annualized basis and a yield of 3.5%. This is an increase from Ingredion’s previous quarterly dividend of $0.82. Ingredion’s payout ratio is 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.