Assetmark Inc. Has $79.51 Million Holdings in Ingredion Incorporated $INGR

Assetmark Inc. increased its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 651,096 shares of the company’s stock after acquiring an additional 6,886 shares during the period. Assetmark Inc. owned about 1.01% of Ingredion worth $79,505,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vista Investment Management grew its position in shares of Ingredion by 0.8% during the 2nd quarter. Vista Investment Management now owns 10,789 shares of the company’s stock worth $1,463,000 after buying an additional 89 shares during the period. Teza Capital Management LLC grew its holdings in Ingredion by 4.2% during the 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock worth $309,000 after acquiring an additional 92 shares during the period. Amalgamated Bank raised its position in shares of Ingredion by 0.3% during the 2nd quarter. Amalgamated Bank now owns 30,187 shares of the company’s stock valued at $4,094,000 after acquiring an additional 93 shares during the last quarter. Truist Financial Corp raised its position in shares of Ingredion by 1.8% during the 3rd quarter. Truist Financial Corp now owns 5,318 shares of the company’s stock valued at $649,000 after acquiring an additional 93 shares during the last quarter. Finally, State of Michigan Retirement System boosted its position in shares of Ingredion by 0.6% in the 2nd quarter. State of Michigan Retirement System now owns 15,488 shares of the company’s stock worth $2,100,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Analysts Set New Price Targets

INGR has been the topic of several analyst reports. Jefferies Financial Group reissued a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. iA Financial set a $124.00 price target on Ingredion in a research note on Thursday, November 6th. Wall Street Zen lowered shares of Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Barclays boosted their price target on shares of Ingredion from $124.00 to $128.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Finally, Stephens reaffirmed an “equal weight” rating and set a $120.00 price objective on shares of Ingredion in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ingredion currently has a consensus rating of “Hold” and an average target price of $125.83.

Insider Buying and Selling

In other Ingredion news, CEO James P. Zallie sold 33,597 shares of Ingredion stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 50,167 shares of the company’s stock, valued at $6,002,983.22. The trade was a 40.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Larry Fernandes sold 3,630 shares of the company’s stock in a transaction 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 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 sold 37,228 shares of company stock valued at $4,450,117. Insiders own 2.30% of the company’s stock.

Ingredion Stock Performance

Shares of NYSE INGR opened at $117.28 on Friday. The stock has a market capitalization of $7.45 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 0.96 and a beta of 0.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.73 and a current ratio of 2.66. Ingredion Incorporated has a 52 week low of $102.31 and a 52 week high of $141.78. The stock has a 50 day moving average price of $113.75 and a 200 day moving average price of $117.84.

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

Ingredion Announces Dividend

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

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.