Aviance Capital Partners LLC Purchases New Shares in Ingredion Incorporated $INGR

Aviance Capital Partners LLC acquired a new stake in shares of Ingredion Incorporated (NYSE:INGR) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,195 shares of the company’s stock, valued at approximately $585,000.

A number of other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in shares of Ingredion in the 4th quarter worth approximately $30,000. GHP Investment Advisors Inc. purchased a new stake in shares of Ingredion during the first quarter valued at approximately $33,000. Los Angeles Capital Management LLC purchased a new stake in shares of Ingredion during the fourth quarter valued at approximately $36,000. Capital Advisors Ltd. LLC lifted its holdings in Ingredion by 40.5% during the fourth quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock worth $39,000 after acquiring an additional 102 shares during the period. Finally, Root Financial Partners LLC lifted its holdings in Ingredion by 83.7% during the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock worth $42,000 after acquiring an additional 169 shares during the period. 85.27% of the stock is owned by hedge funds and other institutional investors.

Ingredion Trading Down 0.1%

Shares of INGR opened at $102.42 on Monday. Ingredion Incorporated has a fifty-two week low of $94.44 and a fifty-two week high of $135.68. The business has a 50-day moving average of $100.29 and a 200 day moving average of $109.18. The firm has a market cap of $6.46 billion, a P/E ratio of 9.87, a price-to-earnings-growth ratio of 0.86 and a beta of 0.62. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 2.76.

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

Ingredion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a yield of 3.2%. Ingredion’s payout ratio is presently 31.60%.

Analyst Ratings Changes

A number of research analysts have issued reports on INGR shares. Oppenheimer downgraded Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Benchmark reissued a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Barclays reduced their price target on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Finally, Weiss Ratings lowered shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $122.43.

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.