Dover Advisors LLC Invests $1.71 Million in Ingredion Incorporated $INGR

Dover Advisors LLC bought a new stake in Ingredion Incorporated (NYSE:INGR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,000 shares of the company’s stock, valued at approximately $1,710,000.

A number of other large investors also recently bought and sold shares of INGR. Vista Investment Management boosted its holdings in shares of Ingredion by 0.8% in the 2nd quarter. Vista Investment Management now owns 10,789 shares of the company’s stock valued at $1,463,000 after purchasing an additional 89 shares during the last quarter. Teza Capital Management LLC boosted its holdings in Ingredion by 4.2% in the second quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock valued at $309,000 after acquiring an additional 92 shares during the last quarter. Amalgamated Bank grew its position in Ingredion by 0.3% during the second 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 period. Truist Financial Corp increased its stake in Ingredion by 1.8% during the third quarter. Truist Financial Corp now owns 5,318 shares of the company’s stock worth $649,000 after acquiring an additional 93 shares during the last quarter. Finally, State of Michigan Retirement System raised its holdings 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 period. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Price Performance

Shares of INGR stock opened at $117.00 on Friday. The firm has a fifty day simple moving average of $114.74 and a 200-day simple moving average of $117.24. The company has a market capitalization of $7.36 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 0.94 and a beta of 0.71. Ingredion Incorporated has a twelve month low of $102.31 and a twelve month high of $141.78. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.41.

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

Ingredion Dividend Announcement

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

Insider Buying and Selling

In related news, CEO James P. Zallie sold 9,958 shares of Ingredion stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total value of $1,160,604.90. Following the completion of the sale, the chief executive officer owned 33,011 shares in the company, valued at approximately $3,847,432.05. The trade was a 23.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Larry Fernandes sold 1,125 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total transaction of $131,118.75. Following the completion of the sale, the senior vice president directly owned 30,514 shares in the company, valued at $3,556,406.70. This represents a 3.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 48,311 shares of company stock valued at $5,741,840. 2.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on INGR. Wall Street Zen cut Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Jefferies Financial Group reissued a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. Barclays lifted their target price 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, iA Financial set a $124.00 price target on Ingredion in a report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ingredion currently has a consensus rating of “Hold” and an average price target 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.