Prudential PLC Sells 35,487 Shares of Ingredion Incorporated $INGR

Prudential PLC trimmed its holdings in Ingredion Incorporated (NYSE:INGR) by 93.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,682 shares of the company’s stock after selling 35,487 shares during the quarter. Prudential PLC’s holdings in Ingredion were worth $296,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in INGR. Integrated Wealth Concepts LLC lifted its stake 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 buying an additional 514 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Ingredion by 63.9% in the first 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 in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Ingredion by 9.0% in the first 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 in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Ingredion by 5.5% in the first quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company’s stock valued at $13,712,000 after buying an additional 5,255 shares in the last quarter. Finally, Focus Partners Wealth lifted its position in shares of Ingredion by 5.6% during the first quarter. Focus Partners Wealth now owns 3,636 shares of the company’s stock valued at $492,000 after purchasing an additional 192 shares in the last quarter. 85.27% of the stock is owned by institutional investors.

Key Headlines Impacting Ingredion

Here are the key news stories impacting Ingredion this week:

• Positive Sentiment: Ingredion announced a recommended all-cash acquisition of Tate & Lyle, a move that could expand its portfolio in texturants, sugar reduction, fortification, and multi-ingredient systems. Ingredion Announces Recommended All-Cash Acquisition of Tate & Lyle
• Positive Sentiment: The deal is being framed as a strategic fit that creates a larger global specialty-ingredients platform with broader geographic supply networks and more diverse customer applications. Ingredion to acquire Tate & Lyle
• Positive Sentiment: Media coverage highlighted the takeover premium and the scale of the transaction, signaling management’s willingness to deploy capital for growth rather than rely only on organic expansion. Ingredion Is in Advanced Talks to Acquire Tate & Lyle
• Neutral Sentiment: Investors may also be waiting for details on integration costs, financing, and potential earnings accretion/dilution, which could affect how the market ultimately values the acquisition. Ingredion Incorporated (INGR) M&A Call Transcript
• Negative Sentiment: The acquisition is a sizable cash commitment, which could raise leverage or pressure near-term free cash flow if synergies take time to materialize.

Analysts Set New Price Targets

A number of research firms recently weighed in on INGR. Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a research report on Friday, March 27th. Zacks Research lowered shares of Ingredion from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Oppenheimer lowered shares of Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday. Benchmark began coverage on shares of Ingredion in a research report on Tuesday, March 17th. They set a “buy” rating and a $130.00 price target on the stock. Finally, UBS Group reissued a “neutral” rating and set a $114.00 price target on shares of Ingredion in a research report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $122.43.

Insider Buying and Selling

In related news, VP Davida Marie Gable sold 375 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total transaction of $42,165.00. Following the completion of the transaction, the vice president owned 7,110 shares of the company’s stock, valued at approximately $799,448.40. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Ingredion Stock Performance

Shares of INGR stock opened at $99.75 on Tuesday. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 9.61, a P/E/G ratio of 0.84 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. Ingredion Incorporated has a 52 week low of $98.29 and a 52 week high of $140.47. The firm’s 50-day simple moving average is $108.11 and its two-hundred day simple moving average is $111.30.

Ingredion (NYSE:INGR) last posted its 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). The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Ingredion had a return on equity of 15.86% and a net margin of 9.36%.Ingredion’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, equities analysts forecast that Ingredion Incorporated will post 10.88 earnings per share for the current year.

Ingredion Dividend Announcement

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

About Ingredion

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.