Moran Wealth Management LLC Has $5.22 Million Stock Position in Ingredion Incorporated $INGR

Moran Wealth Management LLC grew its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 15.3% during the first quarter, Holdings Channel reports. The firm owned 46,368 shares of the company’s stock after purchasing an additional 6,157 shares during the period. Moran Wealth Management LLC’s holdings in Ingredion were worth $5,224,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Ingredion during the fourth quarter worth $30,000. GHP Investment Advisors Inc. acquired a new stake in shares of Ingredion in the first quarter worth about $33,000. Los Angeles Capital Management LLC bought a new stake in shares of Ingredion during the 4th quarter worth about $36,000. Capital Advisors Ltd. LLC boosted its stake in shares of Ingredion by 40.5% during the 4th quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock worth $39,000 after acquiring an additional 102 shares in the last quarter. Finally, Root Financial Partners LLC increased its holdings in shares of Ingredion by 83.7% during the 1st quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock valued at $42,000 after acquiring an additional 169 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Wall Street Analyst Weigh In

INGR has been the topic of a number of recent analyst reports. Zacks Research downgraded Ingredion from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Barclays lowered their price target on Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Benchmark reissued a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $122.43.

Ingredion Trading Down 0.1%

Shares of NYSE:INGR opened at $97.57 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 2.76. The stock’s 50-day moving average is $102.49 and its 200-day moving average is $110.03. The company has a market cap of $6.15 billion, a P/E ratio of 9.40, a P/E/G ratio of 0.82 and a beta of 0.62. Ingredion Incorporated has a 52-week low of $94.44 and a 52-week high of $138.40.

Ingredion (NYSE:INGR) last posted its quarterly earnings data 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 return on equity of 15.86% and a net margin of 9.36%.The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the firm posted $2.97 EPS. Ingredion’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. Equities research analysts predict that Ingredion Incorporated will post 10.88 earnings per share for the current year.

Ingredion Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.4%. Ingredion’s payout ratio is 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.