20,286 Ingredion Incorporated $INGR Shares Sold by Carnegie Lake Advisors LLC

Key Points

• Carnegie Lake Advisors cut its Ingredion stake by 71.6% in the third quarter, selling 20,286 shares and retaining 8,064 shares valued at about $773,000.
• Ingredion’s third-quarter results missed estimates: adjusted EPS was $2.28 versus roughly $2.59 expected, while revenue fell 1.3% year over year to $1.79 billion. Higher costs and weaker demand led the company to lower its 2026 adjusted EPS outlook to $9.25–$9.70.
• Texture & Health Solutions recorded its 10th straight quarter of sales-volume growth, and Ingredion raised its quarterly dividend from $0.82 to $0.83 per share.

Carnegie Lake Advisors LLC cut its holdings in Ingredion Incorporated (NYSE:INGR - Free Report) by 71.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,064 shares of the company's stock after selling 20,286 shares during the period. Ingredion accounts for approximately 0.7% of Carnegie Lake Advisors LLC's portfolio, making the stock its 19th biggest holding. Carnegie Lake Advisors LLC's holdings in Ingredion were worth $773,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in INGR. BlackRock Inc. bought a new position in Ingredion in the 2nd quarter worth approximately $618,834,000. First Trust Advisors LP boosted its position in shares of Ingredion by 53.1% in the first quarter. First Trust Advisors LP now owns 3,054,149 shares of the company's stock valued at $344,080,000 after acquiring an additional 1,059,324 shares during the period. Equity Investment Corp bought a new stake in shares of Ingredion in the second quarter valued at approximately $82,499,000. Caisse de depot et placement du Quebec bought a new stake in shares of Ingredion in the second quarter valued at approximately $61,704,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Ingredion in the second quarter worth $52,412,000. Institutional investors and hedge funds own 85.27% of the company's stock.

Key Stories Impacting Ingredion

Here are the key news stories impacting Ingredion this week:

• Positive Sentiment: Texture & Health Solutions posted its 10th consecutive quarter of sales-volume growth, with share gains in strategic categories and continued global growth in clean-label products. Ingredion third-quarter results
• Neutral Sentiment: Stephens cut its price target to $100 from $105 but maintained an “equal weight” rating; the new target still implies potential upside from the quoted $91.46 price. Stephens stock recommendations
• Negative Sentiment: Third-quarter adjusted EPS of $2.28 missed analyst estimates of about $2.55–$2.59 and fell from $2.75 a year earlier. Revenue was $1.79 billion, slightly below expectations and down 1.3% year over year; reported and adjusted operating income both declined 19%. Ingredion Q3 earnings miss estimates
• Negative Sentiment: Higher manufacturing costs and softer demand squeezed margins, prompting Ingredion to lower its 2026 adjusted EPS outlook to $9.25–$9.70. The earnings shortfall and reduced guidance are likely the main drivers of the stock’s decline. Higher costs hurt margins and outlook

Ingredion Price Performance

Ingredion stock opened at $91.46 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.01 and a quick ratio of 1.36. The company has a market capitalization of $5.77 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 0.79 and a beta of 0.63. Ingredion Incorporated has a one year low of $90.18 and a one year high of $123.49. The business has a 50 day simple moving average of $97.65 and a 200 day simple moving average of $105.27.

Ingredion (NYSE:INGR - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $2.28 EPS for the quarter, missing the consensus estimate of $2.59 by ($0.31). Ingredion had a net margin of 7.83% and a return on equity of 14.36%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm earned $2.75 EPS. Ingredion's quarterly revenue was down 1.3% compared to the same quarter last year. On average, sell-side analysts forecast that Ingredion Incorporated will post 10.62 EPS for the current fiscal year.

Ingredion Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Thursday, October 1st were paid a $0.83 dividend. The ex-dividend date was Thursday, October 1st. This represents a $3.32 annualized dividend and a dividend yield of 3.6%. This is a boost from Ingredion's previous quarterly dividend of $0.82. Ingredion's dividend payout ratio is presently 37.77%.

Analysts Set New Price Targets

Several equities analysts recently commented on INGR shares. Stephens cut their target price on shares of Ingredion from $105.00 to $100.00 and set an "equal weight" rating for the company in a research note on Friday. Zacks Research raised shares of Ingredion from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. UBS Group decreased their price target on shares of Ingredion from $108.00 to $104.00 and set a "neutral" rating on the stock in a research report on Monday, October 5th. Weiss Ratings upgraded shares of Ingredion from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, October 23rd. Finally, Barclays dropped their price objective on shares of Ingredion from $118.00 to $115.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 14th. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $115.00.

Ingredion Profile

Ingredion Incorporated is a global ingredient solutions company that transforms corn, tapioca, potato and other plant-based materials into ingredients used by manufacturers. Its products include starches, sweeteners, glucose syrups, dextrose, maltodextrins, plant proteins and texturizers.

The company's ingredients are used in food and beverages, as well as in applications such as animal nutrition, brewing, pharmaceuticals, paper and packaging. Ingredion works with customers to develop ingredients and formulations that support product texture, taste, nutrition and performance.

Ingredion serves customers across markets worldwide, including North America, South America, Asia-Pacific, Europe, the Middle East and Africa.

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