Ingredion Incorporated $INGR Shares Purchased by Citigroup Inc.

Citigroup Inc. lifted its holdings in Ingredion Incorporated (NYSE:INGR) by 56.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 22,929 shares of the company’s stock after buying an additional 8,239 shares during the quarter. Citigroup Inc.’s holdings in Ingredion were worth $2,800,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of INGR. WPG Advisers LLC boosted its stake in Ingredion by 100.8% in the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock valued at $30,000 after acquiring an additional 123 shares during the period. Hantz Financial Services Inc. raised its position in shares of Ingredion by 810.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $35,000 after purchasing an additional 227 shares during the period. Root Financial Partners LLC bought a new stake in shares of Ingredion in the 3rd quarter worth approximately $36,000. SJS Investment Consulting Inc. boosted its position in Ingredion by 4,000.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 410 shares of the company’s stock valued at $50,000 after purchasing an additional 400 shares during the period. Finally, True Wealth Design LLC boosted its position in 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 purchasing an additional 370 shares during the period. 85.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ingredion

In other news, CEO James P. Zallie sold 33,597 shares of the 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 sale, the chief executive officer owned 50,167 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. Also, SVP Larry Fernandes sold 3,630 shares of Ingredion stock in a transaction on Wednesday, February 11th. The shares were 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 represents a 10.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 48,310 shares of company stock worth $5,741,733. 2.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

INGR has been the topic of several analyst reports. UBS Group increased their target price on Ingredion from $119.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Jefferies Financial Group restated a “hold” rating on shares of Ingredion in a research report on Wednesday, February 4th. Stephens reaffirmed an “equal weight” rating and issued a $120.00 price objective on shares of Ingredion in a report on Wednesday, February 4th. Wall Street Zen downgraded shares of Ingredion from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $125.83.

Ingredion Stock Performance

NYSE:INGR opened at $115.06 on Friday. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average of $115.65 and a 200-day moving average of $116.58. Ingredion Incorporated has a twelve month low of $102.31 and a twelve month high of $141.78. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 0.89 and a beta of 0.69.

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 business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the business posted $2.63 earnings per share. The company’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 forecast that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, January 2nd. Ingredion’s dividend payout ratio (DPR) is 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.