Skba Capital Management LLC Reduces Holdings in Ingredion Incorporated $INGR

Skba Capital Management LLC trimmed its stake in Ingredion Incorporated (NYSE:INGR) by 35.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 57,950 shares of the company’s stock after selling 32,350 shares during the period. Skba Capital Management LLC’s holdings in Ingredion were worth $7,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of INGR. Vanguard Group Inc. increased its stake in Ingredion by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 7,266,873 shares of the company’s stock worth $985,533,000 after buying an additional 22,487 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Ingredion by 4.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,762,402 shares of the company’s stock worth $337,311,000 after purchasing an additional 114,521 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Ingredion by 2.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,369,448 shares of the company’s stock valued at $167,223,000 after purchasing an additional 29,433 shares during the period. First Trust Advisors LP lifted its holdings in Ingredion by 6.0% in the 2nd quarter. First Trust Advisors LP now owns 982,704 shares of the company’s stock worth $133,274,000 after purchasing an additional 55,924 shares in the last quarter. Finally, Cooke & Bieler LP boosted its stake in Ingredion by 16.0% in the 3rd quarter. Cooke & Bieler LP now owns 903,346 shares of the company’s stock worth $110,308,000 after purchasing an additional 124,517 shares during the period. Institutional investors own 85.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on INGR shares. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. iA Financial set a $124.00 price objective on shares of Ingredion in a report on Thursday, November 6th. UBS Group increased their price target on Ingredion from $119.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Stephens reaffirmed an “equal weight” rating and issued a $120.00 price objective on shares of Ingredion in a research note on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a 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, the company currently has a consensus rating of “Hold” and a consensus price target of $125.83.

Ingredion Trading Down 1.6%

Shares of INGR opened at $115.06 on Wednesday. The company’s fifty day simple moving average is $115.49 and its 200-day simple moving average is $116.70. The company has a market cap of $7.24 billion, a P/E ratio of 10.31, a P/E/G ratio of 0.92 and a beta of 0.69. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.41. Ingredion Incorporated has a twelve month low of $102.31 and a twelve month high of $141.78.

Ingredion (NYSE:INGR) last posted 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). The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Ingredion had a return on equity of 17.32% and a net margin of 10.10%.The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $2.63 earnings per share. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, analysts expect that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Friday, January 2nd were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, January 2nd. Ingredion’s payout ratio is 29.39%.

Insider Transactions at Ingredion

In related news, CEO James P. Zallie sold 33,597 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 50,167 shares of the company’s stock, valued at $6,002,983.22. The trade was a 40.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Larry Fernandes sold 3,630 shares of Ingredion stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $118.40, for a total value of $429,792.00. Following the completion of the transaction, the senior vice president owned 32,055 shares in the company, valued at $3,795,312. This trade represents a 10.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 48,311 shares of company stock worth $5,741,840 over the last 90 days. Insiders own 1.80% of the company’s stock.

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.