Atlantic Edge Private Wealth Management LLC Sells 7,945 Shares of Ingredion Incorporated $INGR

Atlantic Edge Private Wealth Management LLC trimmed its position in Ingredion Incorporated (NYSE:INGR) by 64.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,374 shares of the company’s stock after selling 7,945 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in Ingredion were worth $482,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in Ingredion by 2.2% in 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 buying an additional 29,433 shares during the last quarter. Dover Advisors LLC bought a new position in Ingredion in the 3rd quarter valued at $1,710,000. Oxbow Advisors LLC bought a new position in Ingredion in the 3rd quarter valued at $2,784,000. Cooke & Bieler LP boosted its position in Ingredion by 16.0% in the 3rd quarter. Cooke & Bieler LP now owns 903,346 shares of the company’s stock valued at $110,308,000 after buying an additional 124,517 shares during the last quarter. Finally, Algert Global LLC boosted its position in Ingredion by 75.7% in the 3rd quarter. Algert Global LLC now owns 105,598 shares of the company’s stock valued at $12,895,000 after buying an additional 45,510 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors.

Ingredion Stock Up 1.3%

NYSE:INGR opened at $115.29 on Friday. Ingredion Incorporated has a 12-month low of $102.31 and a 12-month high of $141.78. The company has a quick ratio of 1.73, a current ratio of 2.66 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $7.27 billion, a P/E ratio of 10.33, a P/E/G ratio of 0.90 and a beta of 0.70. The stock’s fifty day simple moving average is $114.21 and its 200-day simple moving average is $113.71.

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 the consensus estimate of $2.59 by ($0.06). The company had revenue of $1.76 billion during 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%.The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.63 earnings per share. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Equities research analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.82 per share. The ex-dividend date is Wednesday, April 1st. This represents a $3.28 annualized dividend and a yield of 2.8%. Ingredion’s payout ratio is currently 29.39%.

Wall Street Analysts Forecast Growth

INGR has been the topic of a number of recent research reports. Stephens reiterated an “equal weight” rating and issued a $120.00 price objective on shares of Ingredion in a research report on Wednesday, February 4th. Barclays raised their price target on Ingredion from $124.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. UBS Group reduced their price target on Ingredion from $124.00 to $122.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. BMO Capital Markets restated a “market perform” rating on shares of Ingredion in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Ingredion in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Ingredion has a consensus rating of “Hold” and an average target price of $126.14.

Insiders Place Their Bets

In other Ingredion news, VP Davida Marie Gable sold 375 shares of Ingredion stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $112.44, for a total transaction of $42,165.00. Following the transaction, 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 legal filing with the SEC, which is accessible through this link. Also, SVP Larry Fernandes sold 3,630 shares of Ingredion stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $118.40, for a total value of $429,792.00. Following the transaction, the senior vice president owned 32,055 shares in the company, valued at approximately $3,795,312. This represents a 10.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 48,686 shares of company stock worth $5,784,010. Corporate insiders own 2.30% of the company’s stock.

Ingredion 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.