State of Wyoming Takes $689,000 Position in Ingredion Incorporated $INGR

State of Wyoming acquired a new position in shares of Ingredion Incorporated (NYSE:INGR) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,273 shares of the company’s stock, valued at approximately $689,000.

Several other hedge funds have also modified their holdings of INGR. International Assets Investment Management LLC acquired a new position in Ingredion during the fourth quarter worth approximately $30,000. GHP Investment Advisors Inc. acquired a new position in shares of Ingredion in the 1st quarter valued at $33,000. Los Angeles Capital Management LLC acquired a new position in shares of Ingredion in the 4th quarter valued at $36,000. Root Financial Partners LLC grew its stake 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 buying an additional 169 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Ingredion by 166.4% during the 3rd 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 during the period. 85.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on INGR. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Barclays lowered their price target on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 5th. Benchmark restated a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. UBS Group lifted their price objective on Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Ingredion currently has an average rating of “Hold” and a consensus target price of $121.29.

Insider Activity at Ingredion

In other news, Director David B. Fischer sold 1,662 shares of Ingredion stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total value of $170,039.22. Following the completion of the transaction, the director owned 19,930 shares in the company, valued at approximately $2,039,038.30. This trade represents a 7.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

Ingredion Trading Down 0.1%

Shares of INGR opened at $105.14 on Monday. Ingredion Incorporated has a one year low of $94.44 and a one year high of $130.48. The stock has a 50-day moving average price of $100.36 and a 200 day moving average price of $107.65. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.92 and a current ratio of 2.80. The company has a market capitalization of $6.63 billion, a P/E ratio of 11.47, a P/E/G ratio of 0.90 and a beta of 0.62.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.11. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the business earned $2.87 EPS. Ingredion’s revenue for the quarter was up .9% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Sell-side analysts forecast that Ingredion Incorporated will post 10.6 EPS for the current fiscal year.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Wednesday, July 1st. Ingredion’s dividend payout ratio (DPR) is 35.77%.

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.