Ingredion Incorporated $INGR Shares Acquired by First Trust Advisors LP

First Trust Advisors LP increased its position in shares of Ingredion Incorporated (NYSE:INGR) by 6.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,044,819 shares of the company’s stock after purchasing an additional 62,115 shares during the quarter. First Trust Advisors LP owned 1.64% of Ingredion worth $127,583,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in shares of Ingredion by 2.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,369,448 shares of the company’s stock worth $167,223,000 after buying an additional 29,433 shares in the last quarter. Oxbow Advisors LLC purchased a new position in Ingredion during the 3rd quarter valued at about $2,784,000. Dover Advisors LLC acquired a new position in Ingredion during the third quarter worth about $1,710,000. Cooke & Bieler LP lifted its holdings in shares of Ingredion by 16.0% in the third quarter. Cooke & Bieler LP now owns 903,346 shares of the company’s stock valued at $110,308,000 after purchasing an additional 124,517 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Ingredion by 16.2% in the second quarter. Acadian Asset Management LLC now owns 510,181 shares of the company’s stock valued at $69,176,000 after purchasing an additional 71,305 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Trading Up 2.0%

Shares of INGR opened at $115.06 on Monday. Ingredion Incorporated has a twelve month low of $102.31 and a twelve month high of $141.78. The firm has a market capitalization of $7.24 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 0.91 and a beta of 0.69. 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 stock’s fifty day simple moving average is $115.65 and its 200 day simple moving average is $116.45.

Ingredion (NYSE:INGR) last posted its quarterly 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). The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Ingredion had a net margin of 10.10% and a return on equity of 17.32%. Ingredion’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the firm posted $2.63 EPS. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. On average, equities research analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders 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 2.9%. Ingredion’s payout ratio is presently 29.39%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on INGR. Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 29th. UBS Group increased their target price on Ingredion from $119.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Stephens reissued an “equal weight” rating and set a $120.00 price target on shares of Ingredion in a research report on Wednesday, February 4th. Wall Street Zen cut Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, BMO Capital Markets restated a “market perform” rating on shares of Ingredion in a research report on Wednesday, February 4th. One 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.com, Ingredion presently has a consensus rating of “Hold” and a consensus price target of $125.83.

Insider Buying and Selling

In other Ingredion news, CEO James P. Zallie sold 9,958 shares of Ingredion stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total transaction of $1,160,604.90. Following the transaction, the chief executive officer directly owned 33,011 shares of the company’s stock, valued at $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 SEC, which is accessible through this hyperlink. Also, SVP Larry Fernandes sold 1,125 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $116.55, for a total transaction of $131,118.75. Following the sale, the senior vice president owned 30,514 shares of the company’s stock, valued at approximately $3,556,406.70. This represents a 3.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 48,310 shares of company stock valued at $5,741,733. Corporate insiders own 1.80% of the company’s stock.

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.