Dover Advisors LLC Acquires New Position in Ingredion Incorporated $INGR

Dover Advisors LLC acquired a new stake in shares of Ingredion Incorporated (NYSE:INGR) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 14,000 shares of the company’s stock, valued at approximately $1,710,000.

Several other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its position in Ingredion by 2.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,369,448 shares of the company’s stock valued at $167,223,000 after purchasing an additional 29,433 shares during the last quarter. Oxbow Advisors LLC acquired a new stake in shares of Ingredion in the third quarter valued at approximately $2,784,000. Acadian Asset Management LLC raised its holdings in shares of Ingredion by 16.2% during the second quarter. Acadian Asset Management LLC now owns 510,181 shares of the company’s stock valued at $69,176,000 after buying an additional 71,305 shares during the last quarter. Cooke & Bieler LP raised its holdings in shares of Ingredion by 16.0% during the third quarter. Cooke & Bieler LP now owns 903,346 shares of the company’s stock valued at $110,308,000 after buying an additional 124,517 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its position in shares of Ingredion by 479.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 24,434 shares of the company’s stock worth $2,984,000 after buying an additional 20,216 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Stock Up 0.4%

Shares of INGR stock opened at $117.00 on Friday. Ingredion Incorporated has a 1 year low of $102.31 and a 1 year high of $141.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.73 and a current ratio of 2.66. The business’s fifty day moving average is $114.74 and its 200-day moving average is $117.24. The stock has a market cap of $7.36 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 0.94 and a beta of 0.71.

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

Ingredion Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group raised their target price on Ingredion from $119.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a research report on Monday, December 29th. Jefferies Financial Group reissued a “hold” rating on shares of Ingredion in a report on Wednesday, February 4th. Wall Street Zen cut shares of Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ingredion has an average rating of “Hold” and an average target price of $125.83.

Insider Activity at Ingredion

In other Ingredion news, CEO James P. Zallie sold 9,958 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $116.55, for a total value of $1,160,604.90. Following the transaction, the chief executive officer owned 33,011 shares of the company’s stock, valued at approximately $3,847,432.05. This represents a 23.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Larry Fernandes sold 1,125 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $116.55, for a total value of $131,118.75. Following the sale, the senior vice president directly owned 30,514 shares of the company’s stock, valued at approximately $3,556,406.70. This represents a 3.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 48,311 shares of company stock valued at $5,741,840. Company insiders own 2.30% of the company’s stock.

Ingredion Company Profile

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.