Heartland Advisors Inc. Raises Stake in Ingredion Incorporated $INGR

Heartland Advisors Inc. increased its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 102.6% during the 4th quarter, HoldingsChannel reports. The fund owned 55,015 shares of the company’s stock after buying an additional 27,855 shares during the period. Heartland Advisors Inc.’s holdings in Ingredion were worth $6,066,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in INGR. Dover Advisors LLC bought a new position in shares of Ingredion in the third quarter worth approximately $1,710,000. Algert Global LLC increased its position in shares of Ingredion by 75.7% during the third quarter. Algert Global LLC now owns 105,598 shares of the company’s stock valued at $12,895,000 after acquiring an additional 45,510 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Ingredion by 4.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,762,402 shares of the company’s stock worth $337,311,000 after acquiring an additional 114,521 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Ingredion by 22,036.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock valued at $114,351,000 after acquiring an additional 1,032,421 shares in the last quarter. Finally, Fieldview Capital Management LLC lifted its position in Ingredion by 211.7% in the 3rd quarter. Fieldview Capital Management LLC now owns 48,864 shares of the company’s stock valued at $5,967,000 after acquiring an additional 33,189 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Ingredion Stock Up 1.1%

INGR stock opened at $102.74 on Thursday. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 9.90, a P/E/G ratio of 0.85 and a beta of 0.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 2.76. The business’s 50-day moving average is $107.71 and its two-hundred day moving average is $111.24. Ingredion Incorporated has a fifty-two week low of $97.12 and a fifty-two week high of $140.47.

Ingredion (NYSE:INGR) last released its quarterly 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 firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the firm 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. As a group, analysts forecast that Ingredion Incorporated will post 10.88 earnings per share for the current year.

Ingredion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, July 1st. Ingredion’s dividend payout ratio is currently 31.60%.

Wall Street Analysts Forecast Growth

INGR has been the subject of a number of research analyst reports. Zacks Research lowered Ingredion from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research report on Friday, March 27th. Barclays reduced their price objective on Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Benchmark restated a “buy” rating on shares of Ingredion in a research note on Tuesday. Finally, UBS Group reaffirmed a “neutral” rating and set a $114.00 price target on shares of Ingredion in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ingredion presently has a consensus rating of “Hold” and a consensus target price of $122.43.

Insider Buying and Selling

In other Ingredion news, VP Davida Marie Gable sold 375 shares of the 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 transaction, the vice president directly owned 7,110 shares in the company, valued at approximately $799,448.40. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.