Assetmark Inc. Boosts Holdings in Ingredion Incorporated $INGR

Assetmark Inc. raised its position in Ingredion Incorporated (NYSE:INGR) by 4.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 697,217 shares of the company’s stock after acquiring an additional 31,989 shares during the period. Assetmark Inc.’s holdings in Ingredion were worth $78,548,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in INGR. Northwestern Mutual Wealth Management Co. grew its position in Ingredion by 22,036.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock worth $114,351,000 after purchasing an additional 1,032,421 shares during the last quarter. Cooke & Bieler LP raised its holdings in shares of Ingredion by 33.6% in the fourth quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock worth $133,101,000 after buying an additional 303,807 shares during the last quarter. ING Groep NV acquired a new stake in shares of Ingredion during the fourth quarter worth $6,825,000. Jefferies Financial Group Inc. acquired a new stake in shares of Ingredion during the fourth quarter worth $1,823,000. Finally, Norges Bank purchased a new stake in shares of Ingredion during the fourth quarter valued at $85,310,000. 85.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the company. Benchmark reiterated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. UBS Group restated a “neutral” rating and issued a $114.00 price objective on shares of Ingredion in a research note on Thursday, May 7th. Oppenheimer downgraded Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Barclays dropped their target price on Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Finally, Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $122.43.

Ingredion Stock Performance

INGR opened at $102.15 on Friday. The firm’s fifty day simple moving average is $100.39 and its two-hundred day simple moving average is $109.24. Ingredion Incorporated has a 52-week low of $94.44 and a 52-week high of $135.90. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 0.83 and a beta of 0.62. 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 data on Tuesday, May 5th. The company reported $2.34 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.10). The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.97 earnings per share. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Equities analysts anticipate that Ingredion Incorporated will post 10.88 earnings per share for the current fiscal year.

Ingredion Announces Dividend

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