Oppenheimer & Co. Inc. Has $363,000 Holdings in Ingredion Incorporated $INGR

Oppenheimer & Co. Inc. cut its holdings in Ingredion Incorporated (NYSE:INGR) by 88.1% during the 4th quarter, HoldingsChannel reports. The fund owned 3,289 shares of the company’s stock after selling 24,367 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Ingredion were worth $363,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of INGR. WPG Advisers LLC grew its stake in shares of Ingredion by 100.8% in the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock valued at $30,000 after acquiring an additional 123 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Ingredion in the third quarter valued at about $36,000. Capital Advisors Ltd. LLC grew its stake in shares of Ingredion by 40.5% in the fourth quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock valued at $39,000 after acquiring an additional 102 shares in the last quarter. Ares Financial Consulting LLC acquired a new position in shares of Ingredion in the fourth quarter valued at about $46,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Ingredion by 166.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 381 shares of the company’s stock valued at $47,000 after acquiring an additional 238 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Oppenheimer decreased their price target on shares of Ingredion from $130.00 to $126.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 22nd. Stephens reiterated an “equal weight” rating and set a $120.00 price objective on shares of Ingredion in a research note on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and set a $114.00 price objective on shares of Ingredion in a research note on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a research note on Friday, March 27th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Ingredion has a consensus rating of “Hold” and an average target price of $122.43.

Insider Activity at Ingredion

In related news, VP Davida Marie Gable sold 375 shares of the firm’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 transaction, the vice president owned 7,110 shares in the company, valued at $799,448.40. This trade represents a 5.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James P. Zallie sold 33,597 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $119.66, for a total transaction of $4,020,217.02. Following the completion of the transaction, the chief executive officer owned 50,167 shares of the company’s stock, valued at approximately $6,002,983.22. This trade represents a 40.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 48,686 shares of company stock worth $5,784,010 in the last quarter. 1.60% of the stock is owned by insiders.

Ingredion Stock Up 0.1%

INGR stock opened at $107.43 on Friday. The stock has a market capitalization of $6.77 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 0.87 and a beta of 0.64. The company has a current ratio of 2.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.40. Ingredion Incorporated has a 12 month low of $100.71 and a 12 month high of $141.78. The firm has a 50-day moving average price of $112.69 and a 200-day moving average price of $112.88.

Ingredion (NYSE:INGR) last posted 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). The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.79 billion. Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The firm’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company posted $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, equities research analysts anticipate that Ingredion Incorporated will post 11.24 EPS for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Wednesday, April 1st were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Wednesday, April 1st. Ingredion’s dividend payout ratio (DPR) is 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.