Caprock Group LLC Purchases Shares of 7,421 Ingredion Incorporated $INGR

Caprock Group LLC acquired a new position in shares of Ingredion Incorporated (NYSE:INGR) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,421 shares of the company’s stock, valued at approximately $961,000.

Other institutional investors have also recently made changes to their positions in the company. WPG Advisers LLC boosted its holdings in Ingredion by 100.8% during the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock worth $30,000 after buying an additional 123 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Ingredion by 810.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $35,000 after acquiring an additional 227 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Ingredion during the 3rd quarter valued at about $36,000. Whittier Trust Co. acquired a new stake in shares of Ingredion during the 2nd quarter valued at about $53,000. Finally, SJS Investment Consulting Inc. increased its stake in shares of Ingredion by 4,000.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 410 shares of the company’s stock valued at $50,000 after purchasing an additional 400 shares in the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ingredion

In other news, SVP Larry Fernandes sold 3,630 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $118.40, for a total transaction of $429,792.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James P. Zallie sold 33,597 shares of Ingredion stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $119.66, for a total transaction of $4,020,217.02. Following the sale, the chief executive officer directly owned 50,167 shares in the company, valued at approximately $6,002,983.22. The trade was a 40.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 37,228 shares of company stock valued at $4,450,117 in the last three months. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a report on Monday, December 29th. Jefferies Financial Group reissued a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. BMO Capital Markets restated a “market perform” rating on shares of Ingredion in a research report on Wednesday, February 4th. Wall Street Zen downgraded shares of Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Barclays boosted their target price on shares of Ingredion from $124.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $125.83.

Ingredion Trading Up 1.0%

INGR opened at $118.34 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.66 and a quick ratio of 1.73. The company’s 50 day simple moving average is $113.95 and its two-hundred day simple moving average is $117.55. Ingredion Incorporated has a 1-year low of $102.31 and a 1-year high of $141.78. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 0.95 and a beta of 0.71.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). Ingredion had a net margin of 10.10% and a return on equity of 17.32%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the company earned $2.63 earnings per share. Ingredion’s revenue for the quarter was down 2.4% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Analysts expect that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Friday, January 2nd were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $3.28 annualized dividend and a dividend yield of 2.8%. Ingredion’s payout ratio is presently 29.39%.

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.