Victory Capital Management Inc. Acquires 20,339 Shares of Ingredion Incorporated $INGR

Victory Capital Management Inc. boosted its holdings in Ingredion Incorporated (NYSE:INGR) by 7.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 282,193 shares of the company’s stock after purchasing an additional 20,339 shares during the period. Victory Capital Management Inc.’s holdings in Ingredion were worth $34,459,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC increased its position in shares of Ingredion by 100.8% during the 3rd quarter. WPG Advisers LLC now owns 245 shares of the company’s stock valued at $30,000 after purchasing an additional 123 shares during the last quarter. Root Financial Partners LLC purchased a new stake in Ingredion during the third quarter worth about $36,000. SJS Investment Consulting Inc. raised its position in Ingredion by 4,000.0% in the third quarter. SJS Investment Consulting Inc. now owns 410 shares of the company’s stock worth $50,000 after acquiring an additional 400 shares during the period. Hantz Financial Services Inc. raised its position in Ingredion by 65.5% in the third quarter. Hantz Financial Services Inc. now owns 422 shares of the company’s stock worth $52,000 after acquiring an additional 167 shares during the period. Finally, True Wealth Design LLC boosted its stake in Ingredion by 500.0% in the third quarter. True Wealth Design LLC now owns 444 shares of the company’s stock valued at $54,000 after acquiring an additional 370 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Insider Transactions at Ingredion

In other Ingredion news, CEO James P. Zallie sold 9,958 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $116.55, for a total value of $1,160,604.90. Following the completion of the transaction, the chief executive officer owned 33,011 shares in the company, valued at $3,847,432.05. This trade represents a 23.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Larry Fernandes sold 1,125 shares of Ingredion stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total value of $131,118.75. Following the transaction, the senior vice president directly owned 30,514 shares of the company’s stock, valued at $3,556,406.70. The trade was a 3.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 48,310 shares of company stock worth $5,741,733 in the last three months. 1.80% of the stock is currently owned by insiders.

Ingredion Stock Up 2.0%

INGR opened at $115.06 on Monday. Ingredion Incorporated has a 12 month low of $102.31 and a 12 month high of $141.78. The company has a market cap of $7.24 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 0.91 and a beta of 0.69. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $115.65 and a 200 day moving average of $116.45.

Ingredion (NYSE:INGR) last issued its earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.78 billion. Ingredion had a net margin of 10.10% and a return on equity of 17.32%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.63 EPS. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. On average, sell-side analysts expect that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 2nd were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, January 2nd. Ingredion’s payout ratio is presently 29.39%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on INGR. UBS Group raised their price target on shares of Ingredion from $119.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a report on Monday, December 29th. Stephens reissued an “equal weight” rating and issued a $120.00 target price on shares of Ingredion in a research report on Wednesday, February 4th. Barclays boosted their target price on Ingredion from $124.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $125.83.

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.