First Eagle Investment Management LLC Sells 73,168 Shares of Ingredion Incorporated $INGR

Key Points

• First Eagle Investment Management cut its Ingredion stake by 94.3%, selling 73,168 shares and leaving 4,382 shares valued at about $535,000.
• Ingredion recently missed quarterly expectations with $2.53 EPS vs. $2.59 expected and $1.76B revenue vs. $1.78B expected, while setting FY2026 guidance of 11.0–11.8 EPS (analyst consensus ~11.14).
• There is heavy trading activity: insiders sold ~48,310 shares (~$5.74M) including the CEO, even as large institutions like Norges Bank and Boston Trust built or increased sizeable positions; institutional ownership stands at ~85.3%.

First Eagle Investment Management LLC lessened its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 94.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,382 shares of the company's stock after selling 73,168 shares during the quarter. First Eagle Investment Management LLC's holdings in Ingredion were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of INGR. Norges Bank acquired a new stake in Ingredion during the second quarter worth $82,779,000. Boston Trust Walden Corp boosted its position in shares of Ingredion by 6,843.0% during the 3rd quarter. Boston Trust Walden Corp now owns 136,915 shares of the company's stock valued at $16,719,000 after acquiring an additional 134,943 shares in the last quarter. Cooke & Bieler LP boosted its position in shares of Ingredion by 16.0% during the 3rd quarter. Cooke & Bieler LP now owns 903,346 shares of the company's stock valued at $110,308,000 after acquiring an additional 124,517 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Ingredion by 10.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,340,015 shares of the company's stock worth $181,733,000 after purchasing an additional 121,387 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in Ingredion by 139.5% during the second quarter. Treasurer of the State of North Carolina now owns 203,957 shares of the company's stock worth $27,661,000 after purchasing an additional 118,812 shares during the period. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Trading Down 0.7%

Shares of INGR opened at $112.90 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.73 and a current ratio of 2.66. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 0.90 and a beta of 0.69. The stock has a fifty day moving average price of $115.58 and a two-hundred day moving average price of $116.66. Ingredion Incorporated has a 52-week low of $102.31 and a 52-week high of $141.78.

Ingredion (NYSE:INGR - Get Free Report) last announced 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 net margin of 10.10% and a return on equity of 17.32%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the business posted $2.63 earnings per share. The business's quarterly revenue was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Analysts predict that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Friday, January 2nd were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, January 2nd. Ingredion's dividend payout ratio is presently 29.39%.

Analyst Upgrades and Downgrades

INGR has been the topic of several analyst reports. Stephens reiterated an "equal weight" rating and issued a $120.00 price objective on shares of Ingredion in a research note on Wednesday, February 4th. Wall Street Zen lowered Ingredion from a "buy" rating to a "hold" rating in a research note on Saturday, January 31st. BMO Capital Markets reiterated 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. Finally, Zacks Research upgraded shares of Ingredion from a "strong sell" rating to a "hold" rating in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $125.83.

Insiders Place Their Bets

In related news, SVP Larry Fernandes sold 3,630 shares of Ingredion 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 completion of the sale, the senior vice president directly 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James P. Zallie sold 33,597 shares of the stock in a transaction on Wednesday, February 11th. The shares were 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 trade represents a 40.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 48,310 shares of company stock worth $5,741,733 over the last quarter. Corporate insiders own 2.30% 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.

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