Ingredion Incorporated $INGR Stake Lessened by Allworth Financial LP

Key Points

• Allworth Financial sharply reduced its Ingredion stake by 96.2% in the second quarter, selling 59,347 shares and retaining 2,328 shares valued at approximately $221,000. Institutional investors collectively own 85.27% of the company.
• Ingredion exceeded quarterly expectations, reporting $2.82 in EPS versus the $2.71 consensus and $1.85 billion in revenue. The company maintained fiscal 2026 EPS guidance of $10.30–$10.90.
• Ingredion raised its quarterly dividend to $0.83 per share, implying a 3.4% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $121.29.

Allworth Financial LP cut its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 96.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,328 shares of the company's stock after selling 59,347 shares during the quarter. Allworth Financial LP's holdings in Ingredion were worth $221,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Amundi lifted its holdings in shares of Ingredion by 19.4% during the first quarter. Amundi now owns 142,282 shares of the company's stock valued at $16,029,000 after purchasing an additional 23,122 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Ingredion during the 2nd quarter worth about $1,355,000. Cooke & Bieler LP raised its holdings in Ingredion by 33.6% during the 4th quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company's stock worth $133,101,000 after buying an additional 303,807 shares during the period. ING Groep NV purchased a new stake in Ingredion during the fourth quarter valued at about $6,825,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Ingredion during the second quarter valued at about $479,000. Institutional investors own 85.27% of the company's stock.

Insiders Place Their Bets

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

Ingredion Trading Up 0.5%

NYSE:INGR opened at $98.97 on Friday. The company has a market capitalization of $6.24 billion, a P/E ratio of 10.79, a P/E/G ratio of 0.83 and a beta of 0.62. The stock's 50 day moving average price is $102.38 and its 200 day moving average price is $105.10. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.92 and a current ratio of 2.80. Ingredion Incorporated has a 52 week low of $94.44 and a 52 week high of $124.73.

Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.11. The business had revenue of $1.85 billion for 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%. Ingredion's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm earned $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, research analysts forecast that Ingredion Incorporated will post 10.76 EPS for the current fiscal year.

Ingredion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Thursday, October 1st will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $3.32 annualized dividend and a dividend yield of 3.4%. This is a boost from Ingredion's previous quarterly dividend of $0.82. Ingredion's payout ratio is presently 35.77%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on INGR. UBS Group boosted their price target on shares of Ingredion from $104.00 to $108.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Weiss Ratings cut shares of Ingredion from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, July 8th. Benchmark reissued a "buy" rating on shares of Ingredion in a research note on Tuesday, June 9th. Zacks Research upgraded Ingredion from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. Finally, Barclays decreased their target price on Ingredion from $120.00 to $118.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $121.29.

Ingredion Company Profile

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.

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