Pacer Advisors Inc. Has $21.71 Million Stake in Ingredion Incorporated $INGR

Pacer Advisors Inc. reduced its stake in shares of Ingredion Incorporated (NYSE:INGR) by 34.8% in the 4th quarter, Holdings Channel reports. The firm owned 196,892 shares of the company’s stock after selling 105,050 shares during the quarter. Pacer Advisors Inc.’s holdings in Ingredion were worth $21,709,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vista Investment Management increased its stake in shares of Ingredion by 0.8% in the second quarter. Vista Investment Management now owns 10,789 shares of the company’s stock valued at $1,463,000 after buying an additional 89 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Ingredion by 0.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company’s stock worth $2,789,000 after acquiring an additional 91 shares during the period. Teza Capital Management LLC boosted its holdings in Ingredion by 4.2% in the second quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock valued at $309,000 after acquiring an additional 92 shares during the last quarter. Murphy Pohlad Asset Management LLC increased its position in Ingredion by 1.2% during the 4th quarter. Murphy Pohlad Asset Management LLC now owns 8,340 shares of the company’s stock valued at $920,000 after purchasing an additional 95 shares during the period. Finally, True Wealth Design LLC increased its position in Ingredion by 22.5% during the 4th quarter. True Wealth Design LLC now owns 544 shares of the company’s stock valued at $60,000 after purchasing an additional 100 shares during the period. Institutional investors own 85.27% of the company’s stock.

Ingredion Stock Up 0.0%

Ingredion stock opened at $97.95 on Friday. The company has a market capitalization of $6.18 billion, a PE ratio of 9.44, a PEG ratio of 0.82 and a beta of 0.60. Ingredion Incorporated has a 12-month low of $97.12 and a 12-month high of $140.47. The firm’s fifty day moving average is $105.88 and its 200 day moving average is $110.85. The company has a quick ratio of 1.83, a current ratio of 2.76 and a debt-to-equity ratio of 0.40.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share 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 the consensus estimate of $1.79 billion. During the same period last year, the firm posted $2.97 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, sell-side analysts predict that Ingredion Incorporated will post 10.88 EPS for the current fiscal year.

Ingredion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, July 1st. Ingredion’s dividend payout ratio (DPR) is 31.60%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on INGR shares. UBS Group restated a “neutral” rating and issued a $114.00 price target on shares of Ingredion in a research report on Thursday, May 7th. Barclays dropped their target price on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Benchmark reaffirmed a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Zacks Research lowered Ingredion from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Finally, Oppenheimer downgraded Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $122.43.

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.