Jefferies Financial Group Inc. Acquires Shares of 16,531 Ingredion Incorporated $INGR

Key Points

• Jefferies Financial Group disclosed a new stake in Ingredion, buying 16,531 shares valued at about $1.82 million in the fourth quarter.
• Institutional ownership remains very high, with 85.27% of Ingredion stock held by hedge funds and other institutions. Several other funds also increased their positions recently.
• Ingredion’s latest quarterly results missed EPS estimates at $2.34 versus $2.44 expected, though revenue matched forecasts; the company also continues to pay a quarterly dividend of $0.82 per share for a 3.2% annualized yield.

Jefferies Financial Group Inc. acquired a new stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,531 shares of the company's stock, valued at approximately $1,823,000.

Several other institutional investors also recently bought and sold shares of INGR. Integrated Wealth Concepts LLC grew its position in Ingredion by 32.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company's stock valued at $281,000 after purchasing an additional 514 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ingredion by 63.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,694 shares of the company's stock valued at $499,000 after purchasing an additional 1,440 shares during the last quarter. NewEdge Advisors LLC grew its position in Ingredion by 9.0% during the 1st quarter. NewEdge Advisors LLC now owns 9,687 shares of the company's stock valued at $1,310,000 after purchasing an additional 797 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Ingredion by 5.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company's stock valued at $13,712,000 after acquiring an additional 5,255 shares in the last quarter. Finally, Focus Partners Wealth lifted its position in Ingredion by 5.6% in the 1st quarter. Focus Partners Wealth now owns 3,636 shares of the company's stock valued at $492,000 after acquiring an additional 192 shares in the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

INGR has been the topic of several analyst reports. Oppenheimer lowered their price objective on Ingredion from $130.00 to $126.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 22nd. UBS Group reaffirmed a "neutral" rating and issued a $114.00 price objective on shares of Ingredion in a research report on Thursday, May 7th. BMO Capital Markets reissued a "market perform" rating on shares of Ingredion in a research report on Wednesday, February 4th. Stephens reissued an "equal weight" rating and issued a $120.00 target price on shares of Ingredion in a research report on Wednesday, February 4th. Finally, Benchmark initiated coverage on Ingredion in a research report on Tuesday, March 17th. They issued a "buy" rating and a $130.00 target price for the company. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $122.43.

Insider Buying and Selling

In other Ingredion news, VP Davida Marie Gable sold 375 shares of the company's stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $112.44, for a total value of $42,165.00. Following the completion of the sale, the vice president owned 7,110 shares in the company, valued at $799,448.40. This represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

Ingredion Stock Up 0.6%

INGR opened at $103.96 on Thursday. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. Ingredion Incorporated has a 1-year low of $98.29 and a 1-year high of $140.47. The company has a market capitalization of $6.56 billion, a PE ratio of 10.02, a PEG ratio of 0.86 and a beta of 0.64. The firm's 50 day simple moving average is $109.69 and its two-hundred day simple moving average is $111.69.

Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.10). The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.79 billion. Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The firm's revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.97 earnings per share. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, equities analysts forecast that Ingredion Incorporated will post 10.88 EPS for the current year.

Ingredion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be given a $0.82 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a yield of 3.2%. Ingredion's dividend payout ratio is presently 31.60%.

About Ingredion

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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