Ingredion Incorporated $INGR Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC decreased its stake in shares of Ingredion Incorporated (NYSE:INGR) by 56.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,201 shares of the company’s stock after selling 6,806 shares during the period. NewEdge Wealth LLC’s holdings in Ingredion were worth $586,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Ingredion by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock valued at $825,556,000 after acquiring an additional 208,606 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Ingredion by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,115,136 shares of the company’s stock valued at $350,952,000 after purchasing an additional 175,600 shares during the last quarter. First Trust Advisors LP lifted its holdings in Ingredion by 53.1% in the 1st quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock valued at $344,080,000 after purchasing an additional 1,059,324 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Ingredion by 53.3% during the 4th quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock worth $201,337,000 after purchasing an additional 634,900 shares during the last quarter. Finally, Snyder Capital Management L P boosted its stake in shares of Ingredion by 4.4% during the 4th quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company’s stock worth $152,355,000 after purchasing an additional 57,928 shares during the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on INGR shares. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. UBS Group restated a “neutral” rating and set a $114.00 target price on shares of Ingredion in a research report on Thursday, May 7th. Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Finally, Benchmark restated a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. One analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $122.43.

Ingredion Trading Up 1.3%

Shares of INGR stock opened at $102.73 on Wednesday. The firm’s 50-day simple moving average is $100.03 and its 200-day simple moving average is $108.74. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.76 and a quick ratio of 1.83. Ingredion Incorporated has a 1-year low of $94.44 and a 1-year high of $134.77. The firm has a market cap of $6.48 billion, a P/E ratio of 9.90, a PEG ratio of 0.85 and a beta of 0.62.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the firm posted $2.97 earnings per share. Ingredion’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. As a group, equities analysts forecast that Ingredion Incorporated will post 10.81 EPS for the current year.

Ingredion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Wednesday, July 1st. Ingredion’s dividend payout ratio is presently 31.60%.

Ingredion 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.