Wedge Capital Management L L P NC Raises Stock Position in Ingredion Incorporated $INGR

Wedge Capital Management L L P NC lifted its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 56,393 shares of the company’s stock after buying an additional 4,523 shares during the period. Wedge Capital Management L L P NC’s holdings in Ingredion were worth $6,218,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its holdings in Ingredion by 143.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock valued at $144,685,000 after purchasing an additional 701,063 shares in the last quarter. Norges Bank acquired a new position in shares of Ingredion during the second quarter worth about $82,779,000. Snyder Capital Management L P boosted its position in shares of Ingredion by 22.0% in the third quarter. Snyder Capital Management L P now owns 1,323,847 shares of the company’s stock worth $161,655,000 after buying an additional 238,420 shares during the period. Voloridge Investment Management LLC boosted its position in shares of Ingredion by 2,409.3% in the third quarter. Voloridge Investment Management LLC now owns 198,659 shares of the company’s stock worth $24,258,000 after buying an additional 190,742 shares during the period. Finally, Two Sigma Investments LP grew its stake in shares of Ingredion by 118.3% in the third quarter. Two Sigma Investments LP now owns 271,006 shares of the company’s stock valued at $33,093,000 after buying an additional 146,874 shares in the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Ingredion Trading Up 0.2%

NYSE:INGR opened at $112.06 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.73 and a current ratio of 2.66. Ingredion Incorporated has a one year low of $102.31 and a one year high of $141.78. The business’s 50-day simple moving average is $115.39 and its 200 day simple moving average is $114.75. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 0.88 and a beta of 0.69.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $2.53 earnings per share for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). Ingredion had a net margin of 10.10% and a return on equity of 17.32%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the business earned $2.63 EPS. Ingredion’s revenue for the quarter was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, sell-side analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Wednesday, April 1st will be issued a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $3.28 annualized dividend and a yield of 2.9%. Ingredion’s dividend payout ratio is currently 29.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a report on Monday, December 29th. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. BMO Capital Markets reiterated a “market perform” rating on shares of Ingredion in a research note on Wednesday, February 4th. Benchmark started coverage on shares of Ingredion in a research report on Tuesday, March 17th. They set a “buy” rating and a $130.00 target price on the stock. Finally, Jefferies Financial Group restated a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $126.43.

Insider Buying and Selling at Ingredion

In other news, SVP Larry Fernandes sold 3,630 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $118.40, for a total transaction of $429,792.00. Following the transaction, the senior vice president owned 32,055 shares of the company’s stock, valued at approximately $3,795,312. This trade represents a 10.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO James P. Zallie sold 33,597 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $119.66, for a total value of $4,020,217.02. Following the completion of the sale, the chief executive officer directly owned 50,167 shares of the company’s stock, valued at approximately $6,002,983.22. This represents a 40.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 48,685 shares of company stock worth $5,783,898 in the last ninety days. 2.30% of the stock is owned by insiders.

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.