Hillsdale Investment Management Inc. Boosts Stake in Ingredion Incorporated $INGR

Hillsdale Investment Management Inc. boosted its holdings in Ingredion Incorporated (NYSE:INGR) by 26.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,830 shares of the company’s stock after acquiring an additional 6,100 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Ingredion were worth $3,520,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC increased its holdings in shares of Ingredion by 100.8% in the 3rd quarter. WPG Advisers LLC now owns 245 shares of the company’s stock valued at $30,000 after purchasing an additional 123 shares in the last quarter. Hantz Financial Services Inc. grew its position in Ingredion by 810.7% during the second quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $35,000 after buying an additional 227 shares during the period. Root Financial Partners LLC purchased a new position in Ingredion in the third quarter valued at about $36,000. SJS Investment Consulting Inc. increased its holdings in Ingredion by 4,000.0% in the third quarter. SJS Investment Consulting Inc. now owns 410 shares of the company’s stock valued at $50,000 after buying an additional 400 shares in the last quarter. Finally, True Wealth Design LLC lifted its position in shares of Ingredion by 500.0% during the 3rd quarter. True Wealth Design LLC now owns 444 shares of the company’s stock valued at $54,000 after acquiring an additional 370 shares during the period. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ingredion

In related news, CEO James P. Zallie sold 33,597 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $119.66, for a total value of $4,020,217.02. Following the completion of the transaction, the chief executive officer directly owned 50,167 shares in the company, valued at approximately $6,002,983.22. This represents a 40.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Larry Fernandes sold 3,630 shares of the 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 $3,795,312. This trade represents a 10.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,311 shares of company stock valued at $5,741,840 over the last quarter. 1.80% of the stock is currently owned by insiders.

Ingredion Stock Up 0.4%

INGR opened at $117.00 on Monday. The firm has a market cap of $7.36 billion, a P/E ratio of 10.48, a PEG ratio of 0.92 and a beta of 0.71. The business’s fifty day simple moving average is $114.74 and its 200 day simple moving average is $117.18. Ingredion Incorporated has a 52 week low of $102.31 and a 52 week 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.

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

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Friday, January 2nd were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, January 2nd. Ingredion’s payout ratio is presently 29.39%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of Ingredion in a research note on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a report on Monday, December 29th. Stephens reaffirmed an “equal weight” rating and set a $120.00 price target on shares of Ingredion in a research note on Wednesday, February 4th. iA Financial set a $124.00 price objective on shares of Ingredion in a research note on Thursday, November 6th. Finally, Wall Street Zen downgraded shares of Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $125.83.

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.