Envestnet Asset Management Inc. Has $23.65 Million Stock Position in Ingredion Incorporated $INGR

Envestnet Asset Management Inc. lowered its stake in shares of Ingredion Incorporated (NYSE:INGR) by 4.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 193,709 shares of the company’s stock after selling 8,905 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.30% of Ingredion worth $23,654,000 as of its most recent SEC filing.

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

Ingredion Stock Up 1.0%

Ingredion stock opened at $118.34 on Friday. The company has a 50 day moving average of $113.95 and a 200-day moving average of $117.75. The company has a quick ratio of 1.73, a current ratio of 2.66 and a debt-to-equity ratio of 0.41. Ingredion Incorporated has a twelve month low of $102.31 and a twelve month high of $141.78. The stock has a market capitalization of $7.52 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 0.94 and a beta of 0.71.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $2.53 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 net margin of 10.10% and a return on equity of 17.32%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.63 earnings per share. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. On average, equities research analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Dividend Announcement

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

Insider Buying and Selling

In other news, 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 value of $4,020,217.02. Following the sale, the chief executive officer directly owned 50,167 shares in the company, valued at $6,002,983.22. This trade represents a 40.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Larry Fernandes sold 3,630 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was 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 directly owned 32,055 shares in the company, valued at approximately $3,795,312. This represents a 10.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 37,228 shares of company stock worth $4,450,117. 2.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

INGR has been the subject of several recent research reports. BMO Capital Markets reissued a “market perform” rating on shares of Ingredion in a report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 29th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Jefferies Financial Group reaffirmed a “hold” rating on shares of Ingredion in a report on Wednesday, February 4th. Finally, Oppenheimer set a $136.00 price target on Ingredion in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $125.83.

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.