Quadrant Capital Group LLC increased its holdings in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 229.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,339 shares of the company's stock after buying an additional 18,344 shares during the quarter. Quadrant Capital Group LLC's holdings in Ingredion were worth $2,562,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in INGR. Elevation Wealth Partners LLC bought a new stake in shares of Ingredion in the third quarter worth about $32,000. GHP Investment Advisors Inc. acquired a new stake in shares of Ingredion during the first quarter worth about $33,000. Bell Investment Advisors Inc bought a new position in shares of Ingredion during the 2nd quarter valued at about $34,000. Root Financial Partners LLC lifted its holdings in shares of Ingredion by 83.7% during the 1st quarter. Root Financial Partners LLC now owns 371 shares of the company's stock valued at $42,000 after purchasing an additional 169 shares in the last quarter. Finally, Continuum Advisory LLC bought a new position in shares of Ingredion during the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 85.27% of the company's stock.
Insider Buying and Selling at Ingredion
In other news, Director David Fischer sold 1,662 shares of Ingredion stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total value of $170,039.22. Following the sale, the director directly owned 19,930 shares in the company, valued at $2,039,038.30. This trade represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on INGR. Zacks Research upgraded Ingredion from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Weiss Ratings lowered shares of Ingredion from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, October 8th. UBS Group reduced their price target on shares of Ingredion from $108.00 to $104.00 and set a "neutral" rating for the company in a report on Monday, October 5th. Finally, Barclays lowered their price objective on shares of Ingredion from $118.00 to $115.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 14th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $120.29.
Read Our Latest Research Report on INGR
Ingredion Stock Performance
INGR opened at $95.64 on Thursday. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 10.43, a P/E/G ratio of 0.82 and a beta of 0.65. The business's 50-day moving average price is $99.82 and its two-hundred day moving average price is $102.42. Ingredion Incorporated has a 1 year low of $93.72 and a 1 year high of $123.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 1.92.
Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.11. The company had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.83 billion. Ingredion had a return on equity of 15.40% and a net margin of 8.21%. Ingredion's revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.87 earnings per share. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Equities analysts expect that Ingredion Incorporated will post 10.76 EPS for the current fiscal year.
Ingredion Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.83 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $3.32 annualized dividend and a dividend yield of 3.5%. This is an increase from Ingredion's previous quarterly dividend of $0.82. Ingredion's dividend payout ratio (DPR) is 36.21%.
Ingredion Company Profile
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Free Report)
Ingredion Incorporated NYSE: INGR is a global ingredient solutions provider that develops and produces starches, sweeteners, texturizers, fibers, plant-based proteins and other specialty ingredients. The company processes plant-based raw materials, including corn, tapioca, potato, rice and other grains, into ingredients used by manufacturers across a range of industries.
Ingredion's products support food and beverage applications such as bakery products, dairy and alternative dairy, confectionery, beverages and prepared foods.
Further Reading
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