Versor Investments LP Makes New $769,000 Investment in Ingredion Incorporated $INGR

Versor Investments LP purchased a new position in Ingredion Incorporated (NYSE:INGR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,300 shares of the company’s stock, valued at approximately $769,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Navellier & Associates Inc. raised its holdings in Ingredion by 1.8% in the third quarter. Navellier & Associates Inc. now owns 27,479 shares of the company’s stock worth $3,355,000 after purchasing an additional 495 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Ingredion by 15.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,656 shares of the company’s stock valued at $3,377,000 after buying an additional 3,669 shares in the last quarter. RBA Wealth Management LLC raised its stake in Ingredion by 35.4% during the 3rd quarter. RBA Wealth Management LLC now owns 27,950 shares of the company’s stock worth $3,413,000 after buying an additional 7,311 shares during the period. Coston McIsaac & Partners lifted its holdings in Ingredion by 0.8% during the third quarter. Coston McIsaac & Partners now owns 49,440 shares of the company’s stock worth $6,036,000 after acquiring an additional 380 shares in the last quarter. Finally, Optimize Financial Inc acquired a new position in Ingredion in the third quarter valued at about $569,000. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Trading Down 0.4%

Shares of Ingredion stock opened at $118.76 on Wednesday. The stock has a market cap of $7.55 billion, a P/E ratio of 10.64, a P/E/G ratio of 0.95 and a beta of 0.71. The company has a quick ratio of 1.73, a current ratio of 2.66 and a debt-to-equity ratio of 0.41. Ingredion Incorporated has a 12-month low of $102.31 and a 12-month high of $141.78. The business’s 50 day moving average is $113.34 and its 200-day moving average is $117.83.

Ingredion (NYSE:INGR) last issued its earnings results 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 return on equity of 17.32% and a net margin of 10.10%.The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the firm posted $2.63 earnings per share. Ingredion’s quarterly revenue was down 2.4% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Equities research analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 2nd were issued a dividend of $0.82 per share. The ex-dividend date was Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a yield of 2.8%. Ingredion’s dividend payout ratio (DPR) is presently 29.39%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Ingredion from $119.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Barclays lifted their price target on Ingredion from $124.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Jefferies Financial Group restated a “hold” rating on shares of Ingredion in a report on Wednesday, February 4th. Oppenheimer set a $136.00 target price on Ingredion in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Ingredion presently has a consensus rating of “Hold” and a consensus price target of $125.83.

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.