Assetmark Inc. Acquires 6,886 Shares of Ingredion Incorporated $INGR

Assetmark Inc. raised its holdings in Ingredion Incorporated (NYSE:INGR) by 1.1% in the third quarter, HoldingsChannel.com reports. The firm owned 651,096 shares of the company’s stock after purchasing an additional 6,886 shares during the quarter. Assetmark Inc.’s holdings in Ingredion were worth $79,505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Illinois Municipal Retirement Fund raised its position in shares of Ingredion by 11.8% in the third quarter. Illinois Municipal Retirement Fund now owns 30,270 shares of the company’s stock valued at $3,696,000 after buying an additional 3,188 shares in the last quarter. Wedbush Securities Inc. increased its stake in Ingredion by 11.3% during the 3rd quarter. Wedbush Securities Inc. now owns 2,035 shares of the company’s stock worth $248,000 after acquiring an additional 207 shares during the period. Caprock Group LLC acquired a new position in Ingredion in the 3rd quarter valued at $961,000. Rhumbline Advisers raised its holdings in Ingredion by 3.1% in the 3rd quarter. Rhumbline Advisers now owns 193,973 shares of the company’s stock valued at $23,686,000 after acquiring an additional 5,815 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Ingredion by 0.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 27,927 shares of the company’s stock valued at $3,410,000 after acquiring an additional 248 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Ingredion from $119.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. iA Financial set a $124.00 price objective on shares of Ingredion in a research note on Thursday, November 6th. Jefferies Financial Group restated a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. Finally, Stephens reiterated an “equal weight” rating and issued a $120.00 price target on shares of Ingredion in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $125.83.

Ingredion Price Performance

Shares of NYSE:INGR opened at $117.28 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.73 and a current ratio of 2.66. Ingredion Incorporated has a 52 week low of $102.31 and a 52 week high of $141.78. The firm has a market cap of $7.45 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 0.96 and a beta of 0.71. The firm’s fifty day moving average is $113.75 and its 200-day moving average is $117.84.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, February 3rd. The company reported $2.53 EPS for the quarter, missing the consensus estimate of $2.59 by ($0.06). The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.78 billion. Ingredion had a return on equity of 17.32% and a net margin of 10.10%.The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.63 earnings per share. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Sell-side analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 2nd were issued a $0.82 dividend. The ex-dividend date was Friday, January 2nd. This represents a $3.28 annualized dividend and a yield of 2.8%. Ingredion’s payout ratio is presently 29.39%.

Insiders Place Their Bets

In other Ingredion news, CEO James P. Zallie sold 33,597 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $119.66, for a total transaction of $4,020,217.02. Following the sale, the chief executive officer owned 50,167 shares of the company’s stock, valued at approximately $6,002,983.22. This represents a 40.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Larry Fernandes sold 3,630 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $118.40, for a total value of $429,792.00. Following the sale, the senior vice president owned 32,055 shares in the company, valued at approximately $3,795,312. The trade was a 10.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,228 shares of company stock worth $4,450,117 in the last ninety days. Insiders own 2.30% of the company’s stock.

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.