Kingsview Wealth Management LLC Acquires New Position in Ingredion Incorporated $INGR

Key Points

• Kingsview Wealth Management opened a new position in Ingredion, buying 73,675 shares valued at about $8.1 million in the fourth quarter. The stake represents roughly 0.12% of the company.
• Analyst sentiment on Ingredion remains cautious: the stock has an average rating of "Hold" with an average price target of $122.43. Recent updates included target cuts from Barclays and Oppenheimer, while only two analysts currently rate it a Buy.
• Ingredion reported Q1 earnings of $2.34 per share, missing estimates, while revenue matched expectations at $1.79 billion. The company also announced a quarterly dividend of $0.82 per share, implying a 3.2% yield.

Kingsview Wealth Management LLC acquired a new stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 73,675 shares of the company's stock, valued at approximately $8,123,000. Kingsview Wealth Management LLC owned about 0.12% of Ingredion as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in INGR. Vista Investment Management raised its position in shares of Ingredion by 0.8% in the second quarter. Vista Investment Management now owns 10,789 shares of the company's stock valued at $1,463,000 after purchasing an additional 89 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Ingredion by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company's stock worth $2,789,000 after buying an additional 91 shares during the period. Teza Capital Management LLC grew its stake in Ingredion by 4.2% in the 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company's stock valued at $309,000 after buying an additional 92 shares in the last quarter. Truist Financial Corp raised its holdings in Ingredion by 1.8% during the 3rd quarter. Truist Financial Corp now owns 5,318 shares of the company's stock valued at $649,000 after acquiring an additional 93 shares during the period. Finally, Murphy Pohlad Asset Management LLC raised its holdings in Ingredion by 1.2% during the 4th quarter. Murphy Pohlad Asset Management LLC now owns 8,340 shares of the company's stock valued at $920,000 after acquiring an additional 95 shares during the period. Institutional investors own 85.27% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on INGR. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Ingredion in a report on Friday, March 27th. Stephens reissued an "equal weight" rating and set a $120.00 price objective on shares of Ingredion in a report on Wednesday, February 4th. Barclays cut their target price on Ingredion from $128.00 to $120.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 6th. Oppenheimer decreased their price target on Ingredion from $130.00 to $126.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 22nd. Finally, BMO Capital Markets reissued a "market perform" rating on shares of Ingredion in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $122.43.

Ingredion Price Performance

Shares of NYSE INGR opened at $103.31 on Friday. The stock's 50-day simple moving average is $109.49 and its two-hundred day simple moving average is $111.65. Ingredion Incorporated has a twelve month low of $98.29 and a twelve month high of $140.47. The firm has a market capitalization of $6.51 billion, a P/E ratio of 9.95, a P/E/G ratio of 0.87 and a beta of 0.64. The company has a quick ratio of 1.83, a current ratio of 2.76 and a debt-to-equity ratio of 0.40.

Ingredion (NYSE:INGR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.44 by ($0.10). The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The business's revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, equities analysts anticipate that Ingredion Incorporated will post 10.88 EPS for the current fiscal 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 paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, July 1st. Ingredion's payout ratio is currently 31.60%.

Insider Activity at Ingredion

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

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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