Leonteq Securities AG Makes New $1.28 Million Investment in Ingredion Incorporated $INGR

Leonteq Securities AG purchased a new position in shares of Ingredion Incorporated (NYSE:INGR) in the 4th quarter, Holdings Channel reports. The firm purchased 11,635 shares of the company’s stock, valued at approximately $1,283,000.

Several other hedge funds also recently bought and sold shares of the stock. Cooke & Bieler LP boosted its holdings in shares of Ingredion by 16.0% during the third quarter. Cooke & Bieler LP now owns 903,346 shares of the company’s stock worth $110,308,000 after purchasing an additional 124,517 shares during the last quarter. Dover Advisors LLC acquired a new stake in shares of Ingredion during the third quarter worth $1,710,000. Algert Global LLC boosted its holdings in shares of Ingredion by 75.7% during the third quarter. Algert Global LLC now owns 105,598 shares of the company’s stock worth $12,895,000 after purchasing an additional 45,510 shares during the last quarter. Oxbow Advisors LLC acquired a new stake in shares of Ingredion during the third quarter worth $2,784,000. Finally, Y Intercept Hong Kong Ltd boosted its holdings in shares of Ingredion by 479.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 24,434 shares of the company’s stock worth $2,984,000 after purchasing an additional 20,216 shares during the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Insider Activity

In other news, VP Davida Marie Gable sold 375 shares of Ingredion stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $112.44, for a total transaction of $42,165.00. Following the sale, the vice president directly owned 7,110 shares of the company’s stock, valued at approximately $799,448.40. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on INGR. Oppenheimer decreased their price objective on Ingredion from $130.00 to $126.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a report on Friday, March 27th. BMO Capital Markets restated a “market perform” rating on shares of Ingredion in a report on Wednesday, February 4th. Barclays decreased their price objective on Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Finally, UBS Group reiterated a “neutral” rating and issued a $114.00 target price on shares of Ingredion in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Ingredion has an average rating of “Hold” and a consensus target price of $122.43.

Ingredion Trading Up 1.4%

NYSE:INGR opened at $102.15 on Friday. The business’s 50-day moving average is $110.39 and its two-hundred day moving average is $111.86. 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 12 month low of $98.29 and a 12 month high of $140.47. The firm has a market capitalization of $6.44 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 0.84 and a beta of 0.64.

Ingredion (NYSE:INGR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $2.34 EPS for the quarter, missing the consensus estimate 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 period last year, the business earned $2.97 earnings per share. The company’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. Research analysts predict that Ingredion Incorporated will post 10.88 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st will be given 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 of this dividend is Wednesday, July 1st. Ingredion’s payout ratio is presently 31.60%.

Ingredion Company 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.