Ingredion Incorporated $INGR Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 21.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,125 shares of the company’s stock after selling 27,382 shares during the period. Legal & General Group Plc’s holdings in Ingredion were worth $10,930,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INGR. International Assets Investment Management LLC acquired a new position in Ingredion during the fourth quarter valued at approximately $30,000. Capital Advisors Ltd. LLC lifted its position in Ingredion by 40.5% during the fourth quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock valued at $39,000 after buying an additional 102 shares in the last quarter. Ares Financial Consulting LLC acquired a new position in Ingredion during the fourth quarter valued at approximately $46,000. Caitong International Asset Management Co. Ltd lifted its position in Ingredion by 166.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 381 shares of the company’s stock valued at $47,000 after buying an additional 238 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Ingredion by 65.5% during the third 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 institutional investors and hedge funds.

Ingredion Trading Down 0.2%

NYSE INGR opened at $100.97 on Thursday. The company’s fifty day simple moving average is $108.78 and its 200-day simple moving average is $111.46. Ingredion Incorporated has a 52 week low of $98.29 and a 52 week high of $140.47. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. The stock has a market cap of $6.37 billion, a P/E ratio of 9.73, a PEG ratio of 0.85 and a beta of 0.60.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.10). The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.97 earnings per share. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Equities research analysts predict that Ingredion Incorporated will post 10.88 EPS for the current fiscal year.

Ingredion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st will be issued a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.28 annualized dividend and a yield of 3.2%. Ingredion’s dividend payout ratio is currently 31.60%.

Insider Transactions at Ingredion

In related news, VP Davida Marie Gable sold 375 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were 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 of the company’s stock, valued at $799,448.40. This represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on INGR. Zacks Research cut shares of Ingredion from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Stephens reissued an “equal weight” rating and set a $120.00 target price on shares of Ingredion in a research report on Wednesday, February 4th. UBS Group reissued a “neutral” rating and set a $114.00 target price on shares of Ingredion in a research report on Thursday, May 7th. BMO Capital Markets reissued a “market perform” rating on shares of Ingredion in a research report on Wednesday, February 4th. Finally, Oppenheimer reduced their target price on shares of Ingredion from $130.00 to $126.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 22nd. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $122.43.

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.