Wealth Enhancement Advisory Services LLC Purchases 4,895 Shares of Ingredion Incorporated $INGR

Wealth Enhancement Advisory Services LLC lifted its holdings in Ingredion Incorporated (NYSE:INGR) by 21.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 27,953 shares of the company’s stock after buying an additional 4,895 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Ingredion were worth $3,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WPG Advisers LLC increased its stake in shares of Ingredion by 100.8% in the 3rd quarter. WPG Advisers LLC now owns 245 shares of the company’s stock worth $30,000 after purchasing an additional 123 shares in the last quarter. Root Financial Partners LLC bought a new stake in Ingredion during the third quarter valued at about $36,000. Caitong International Asset Management Co. Ltd increased its position in Ingredion by 166.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 381 shares of the company’s stock worth $47,000 after buying an additional 238 shares in the last quarter. SJS Investment Consulting Inc. raised its stake in shares of Ingredion by 4,000.0% in the third quarter. SJS Investment Consulting Inc. now owns 410 shares of the company’s stock worth $50,000 after buying an additional 400 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in shares of Ingredion by 65.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 422 shares of the company’s stock valued at $52,000 after buying an additional 167 shares in the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ingredion

In related news, VP Davida Marie Gable sold 375 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $112.44, for a total value of $42,165.00. Following the sale, the vice president directly owned 7,110 shares in the company, valued at approximately $799,448.40. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Larry Fernandes sold 1,125 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total value of $131,118.75. Following the transaction, the senior vice president directly owned 30,514 shares of the company’s stock, valued at approximately $3,556,406.70. The trade was a 3.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 48,685 shares of company stock valued at $5,783,898. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on INGR. Barclays increased their target price on shares of Ingredion from $124.00 to $128.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. UBS Group upped their price target 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. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Benchmark assumed coverage on shares of Ingredion in a research note on Tuesday, March 17th. They set a “buy” rating and a $130.00 target price on the stock. Finally, Wall Street Zen downgraded shares of Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $126.43.

Ingredion Trading Up 0.1%

Shares of INGR opened at $112.59 on Wednesday. The firm has a market cap of $7.09 billion, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 0.89 and a beta of 0.69. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.66 and a quick ratio of 1.73. Ingredion Incorporated has a 1 year low of $102.31 and a 1 year high of $141.78. The company has a 50 day simple moving average of $115.29 and a two-hundred day simple moving average of $114.47.

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). The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.78 billion. Ingredion had a return on equity of 17.32% and a net margin of 10.10%.Ingredion’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.63 EPS. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. On average, equities analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.82 per share. The ex-dividend date is Wednesday, April 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.9%. Ingredion’s dividend payout ratio (DPR) is presently 29.39%.

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.