ZWJ Investment Counsel Inc. Acquires 23,235 Shares of Ingredion Incorporated $INGR

ZWJ Investment Counsel Inc. boosted its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 5.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 428,553 shares of the company’s stock after buying an additional 23,235 shares during the quarter. Ingredion accounts for 1.2% of ZWJ Investment Counsel Inc.’s investment portfolio, making the stock its 29th largest position. ZWJ Investment Counsel Inc.’s holdings in Ingredion were worth $41,060,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INGR. NorthCrest Asset Manangement LLC grew its stake in shares of Ingredion by 12.4% in the third quarter. NorthCrest Asset Manangement LLC now owns 9,196 shares of the company’s stock worth $875,000 after acquiring an additional 1,011 shares in the last quarter. Wedmont Private Capital acquired a new stake in shares of Ingredion in the third quarter valued at $387,000. GAMMA Investing LLC raised its stake in shares of Ingredion by 106.8% in the third quarter. GAMMA Investing LLC now owns 4,908 shares of the company’s stock valued at $470,000 after acquiring an additional 2,535 shares in the last quarter. Martin Capital Partners LLC boosted its holdings in Ingredion by 8.4% in the third quarter. Martin Capital Partners LLC now owns 5,580 shares of the company’s stock valued at $535,000 after purchasing an additional 434 shares during the period. Finally, Elevation Wealth Partners LLC purchased a new position in Ingredion in the third quarter valued at $32,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on INGR. UBS Group lowered their target price on Ingredion from $108.00 to $104.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Barclays decreased their price objective on Ingredion from $118.00 to $115.00 and set an “equal weight” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ingredion currently has a consensus rating of “Hold” and a consensus price target of $120.29.

Insider Buying and Selling

In other Ingredion news, Director David Fischer sold 1,662 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total value of $170,039.22. Following the sale, the director directly owned 19,930 shares in the company, 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 at this hyperlink. 1.60% of the stock is owned by company insiders.

Ingredion Trading Up 0.0%

Shares of NYSE:INGR opened at $97.29 on Thursday. Ingredion Incorporated has a 52 week low of $93.72 and a 52 week high of $123.49. The company’s 50 day moving average is $100.52 and its two-hundred day moving average is $102.96. The company has a current ratio of 2.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.39. The company has a market cap of $6.14 billion, a PE ratio of 10.61, a P/E/G ratio of 0.82 and a beta of 0.65.

Ingredion (NYSE:INGR) last announced its quarterly earnings data 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. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The company’s revenue was up .9% on a year-over-year basis. During the same period last year, the business earned $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Equities analysts predict that Ingredion Incorporated will post 10.76 earnings per share for the current fiscal year.

Ingredion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Thursday, October 1st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 3.4%. This is a boost from Ingredion’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, October 1st. Ingredion’s dividend payout ratio is currently 36.21%.

Ingredion Profile

Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions company that develops and produces plant-based ingredients for food, beverage, animal nutrition, brewing, and industrial applications. Its portfolio includes sweeteners, starches, fibers, texturizers, nutrition ingredients, and other specialty solutions designed to improve taste, texture, stability, nutrition, and functionality.

The company processes plant-based raw materials, including corn, tapioca, potato, rice, and stevia, into ingredients used in products such as baked goods, dairy and plant-based foods, beverages, confectionery, sauces, and personal care products.