Ingredion Incorporated $INGR Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP cut its Ingredion stake by 81.7% in the second quarter, selling 119,576 shares and retaining 26,788 shares valued at approximately $2.54 million. Institutional investors collectively own 85.27% of the company.
• Analyst sentiment remains cautious, with one Buy rating and eight Holds, resulting in a consensus Hold rating and an average price target of $121.29.
• Ingredion exceeded quarterly earnings expectations with $2.82 in EPS and $1.85 billion in revenue, while raising its quarterly dividend to $0.83 per share, equivalent to a 3.4% annualized yield.

Corient Private Wealth LP lessened its holdings in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 81.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 26,788 shares of the company's stock after selling 119,576 shares during the quarter. Corient Private Wealth LP's holdings in Ingredion were worth $2,537,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of INGR. Fifth Third Wealth Advisors LLC boosted its stake in Ingredion by 4.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,221 shares of the company's stock valued at $250,000 after buying an additional 88 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Ingredion by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company's stock valued at $2,789,000 after purchasing an additional 91 shares during the period. Murphy Pohlad Asset Management LLC increased its stake in Ingredion by 1.2% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 8,340 shares of the company's stock worth $920,000 after purchasing an additional 95 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Ingredion by 4.1% in the 1st quarter. Venturi Wealth Management LLC now owns 2,429 shares of the company's stock worth $274,000 after purchasing an additional 95 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its holdings in Ingredion by 17.7% during the 1st quarter. AdvisorNet Financial Inc now owns 766 shares of the company's stock worth $86,000 after buying an additional 115 shares during the period. Institutional investors own 85.27% of the company's stock.

Wall Street Analyst Weigh In

INGR has been the subject of a number of analyst reports. Zacks Research raised shares of Ingredion from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Benchmark restated a "buy" rating on shares of Ingredion in a report on Tuesday, June 9th. Oppenheimer downgraded shares of Ingredion from an "outperform" rating to a "market perform" rating in a research report on Monday, June 8th. UBS Group raised their price objective on shares of Ingredion from $104.00 to $108.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Finally, Barclays lowered their price objective on shares of Ingredion from $120.00 to $118.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Ingredion presently has a consensus rating of "Hold" and an average price target of $121.29.

Ingredion Stock Performance

INGR stock opened at $97.80 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.92 and a current ratio of 2.80. The stock has a market cap of $6.17 billion, a P/E ratio of 10.66, a P/E/G ratio of 0.82 and a beta of 0.62. The firm has a 50 day simple moving average of $102.30 and a 200 day simple moving average of $104.72. Ingredion Incorporated has a 52 week low of $94.44 and a 52 week high of $123.50.

Ingredion (NYSE:INGR - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.71 by $0.11. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The company's revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Research analysts anticipate that Ingredion Incorporated will post 10.76 earnings per share for the current fiscal year.

Ingredion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Thursday, October 1st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 3.4%. This is an increase from Ingredion's previous quarterly dividend of $0.82. The ex-dividend date is Thursday, October 1st. Ingredion's dividend payout ratio is presently 35.77%.

Insider Buying and Selling

In other Ingredion news, Director David Fischer sold 1,662 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total value of $170,039.22. Following the transaction, the director directly owned 19,930 shares of the company's stock, valued at $2,039,038.30. This represents a 7.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by company insiders.

About Ingredion

Ingredion Incorporated NYSE: INGR is a global ingredient solutions company that develops and produces ingredients derived primarily from corn, tapioca, potato and other plant-based sources. Its products are used by food, beverage, brewing, animal nutrition, pharmaceutical, personal care and industrial manufacturers.

The company's portfolio includes starches, sweeteners, fibers, texturizers, specialty ingredients and plant-based proteins. These ingredients help customers improve the taste, texture, nutrition, stability and performance of finished products, including baked goods, dairy products, beverages, confectionery, sauces and other consumer and industrial goods.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.