Evolve Private Wealth LLC Increases Stake in Ingredion Incorporated $INGR

Evolve Private Wealth LLC lifted its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 675.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 19,942 shares of the company’s stock after purchasing an additional 17,370 shares during the period. Evolve Private Wealth LLC’s holdings in Ingredion were worth $2,247,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in INGR. Northwestern Mutual Wealth Management Co. boosted its position in Ingredion by 22,036.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock valued at $114,351,000 after buying an additional 1,032,421 shares during the period. First Trust Advisors LP increased its holdings in shares of Ingredion by 90.9% in the fourth quarter. First Trust Advisors LP now owns 1,994,825 shares of the company’s stock worth $219,949,000 after buying an additional 950,006 shares during the period. Norges Bank bought a new stake in shares of Ingredion in the 4th quarter valued at about $85,310,000. AQR Capital Management LLC lifted its stake in shares of Ingredion by 143.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock valued at $144,685,000 after acquiring an additional 701,063 shares during the last quarter. Finally, Cooke & Bieler LP boosted its holdings in Ingredion by 33.6% during the 4th quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock valued at $133,101,000 after acquiring an additional 303,807 shares during the period. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Stock Down 0.0%

Shares of Ingredion stock opened at $97.88 on Tuesday. 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 12-month low of $96.76 and a 12-month high of $140.47. The company has a market cap of $6.17 billion, a P/E ratio of 9.43, a PEG ratio of 0.82 and a beta of 0.60. The company’s fifty day simple moving average is $105.54 and its two-hundred day simple moving average is $110.80.

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

Ingredion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be issued a $0.82 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $3.28 annualized dividend and a yield of 3.4%. Ingredion’s dividend payout ratio (DPR) is 31.60%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on INGR shares. Benchmark restated a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Barclays dropped their price objective 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 cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research note on Friday, March 27th. Finally, UBS Group reiterated a “neutral” rating and set a $114.00 price target on shares of Ingredion in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $122.43.

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.