Pacer Advisors Inc. Has $825,000 Position in Ingredion Incorporated $INGR

Pacer Advisors Inc. cut its position in shares of Ingredion Incorporated (NYSE:INGR) by 96.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,319 shares of the company’s stock after selling 189,573 shares during the quarter. Pacer Advisors Inc.’s holdings in Ingredion were worth $825,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Integrated Wealth Concepts LLC raised its holdings in shares of Ingredion by 32.8% in the first quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company’s stock valued at $281,000 after purchasing an additional 514 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ingredion by 63.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,694 shares of the company’s stock valued at $499,000 after buying an additional 1,440 shares during the last quarter. NewEdge Advisors LLC increased its stake in Ingredion by 9.0% in the 1st quarter. NewEdge Advisors LLC now owns 9,687 shares of the company’s stock valued at $1,310,000 after buying an additional 797 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Ingredion by 5.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company’s stock worth $13,712,000 after buying an additional 5,255 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in shares of Ingredion by 5.6% during the 1st quarter. Focus Partners Wealth now owns 3,636 shares of the company’s stock worth $492,000 after buying an additional 192 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Trading Down 0.1%

Shares of Ingredion stock opened at $104.24 on Monday. The firm has a 50-day moving average of $99.98 and a 200-day moving average of $108.06. The stock has a market cap of $6.57 billion, a PE ratio of 11.37, a PEG ratio of 0.89 and a beta of 0.62. Ingredion Incorporated has a 52-week low of $94.44 and a 52-week high of $130.48. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.92 and a current ratio of 2.80.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.11. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the firm earned $2.87 earnings per share. Ingredion’s revenue for the quarter was up .9% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, sell-side analysts forecast that Ingredion Incorporated will post 10.6 EPS for the current year.

Ingredion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $3.28 annualized dividend and a dividend yield of 3.1%. Ingredion’s dividend payout ratio (DPR) is currently 35.77%.

Insider Buying and Selling at Ingredion

In other news, Director David B. Fischer sold 1,662 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total transaction of $170,039.22. Following the completion of the sale, the director directly owned 19,930 shares in the company, valued at approximately $2,039,038.30. This represents a 7.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

INGR has been the subject of several analyst reports. Benchmark restated a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. UBS Group upped their target price on shares of Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Barclays cut their price target on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Wednesday. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Oppenheimer downgraded shares of Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Ingredion presently has an average rating of “Hold” and an average price target of $121.29.

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.