Ingredion Incorporated $INGR Stock Holdings Lifted by ZWJ Investment Counsel Inc.
by Michael Walen · The Markets DailyZWJ Investment Counsel Inc. increased its holdings in Ingredion Incorporated (NYSE:INGR – Free Report) by 5.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 428,553 shares of the company’s stock after acquiring an additional 23,235 shares during the period. Ingredion makes up about 1.2% of ZWJ Investment Counsel Inc.’s holdings, making the stock its 29th largest holding. ZWJ Investment Counsel Inc. owned approximately 0.68% of Ingredion worth $41,060,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC purchased a new stake in Ingredion in the third quarter valued at $32,000. GHP Investment Advisors Inc. acquired a new position in shares of Ingredion in the 1st quarter valued at $33,000. Bell Investment Advisors Inc purchased a new position in shares of Ingredion during the 2nd quarter worth $34,000. Root Financial Partners LLC grew 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 worth $42,000 after purchasing an additional 169 shares during the period. Finally, Continuum Advisory LLC purchased a new position in shares of Ingredion during the 2nd quarter worth $43,000. 85.27% of the stock is currently owned by hedge funds and other institutional investors.
Ingredion Stock Up 0.0%
Ingredion stock opened at $97.29 on Thursday. The company has a market capitalization of $6.14 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 0.82 and a beta of 0.65. 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 fifty-two week low of $93.72 and a fifty-two week high of $123.49. The firm has a 50 day moving average price of $100.52 and a 200 day moving average price of $102.96.
Ingredion (NYSE:INGR – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.11. Ingredion had a return on equity of 15.40% and a net margin of 8.21%. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the prior year, the firm earned $2.87 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Research analysts expect that Ingredion Incorporated will post 10.76 earnings per share for the current year.
Ingredion Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Thursday, October 1st will be issued a $0.83 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is presently 36.21%.
Analyst Upgrades and Downgrades
INGR has been the topic of several research analyst reports. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings cut shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Barclays lowered their target price on shares of Ingredion from $118.00 to $115.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, UBS Group lowered their target price on shares of Ingredion from $108.00 to $104.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Ingredion has a consensus rating of “Hold” and an average target price of $120.29.
Read Our Latest Stock Report on Ingredion
Insider Transactions at Ingredion
In related news, Director David Fischer sold 1,662 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total transaction of $170,039.22. Following the transaction, the director owned 19,930 shares of the company’s stock, valued at approximately $2,039,038.30. This represents a 7.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.
Ingredion Profile
Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions company that develops and produces plant-based ingredients for food, beverage, animal nutrition, brewing, and industrial applications. Its portfolio includes sweeteners, starches, fibers, texturizers, nutrition ingredients, and other specialty solutions designed to improve taste, texture, stability, nutrition, and functionality.
The company processes plant-based raw materials, including corn, tapioca, potato, rice, and stevia, into ingredients used in products such as baked goods, dairy and plant-based foods, beverages, confectionery, sauces, and personal care products.
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