Aaron Wealth Advisors LLC Reduces Holdings in Ingredion Incorporated $INGR

Aaron Wealth Advisors LLC decreased its position in shares of Ingredion Incorporated (NYSE:INGR) by 58.1% in the 1st quarter, Holdings Channel reports. The fund owned 5,028 shares of the company’s stock after selling 6,974 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Ingredion were worth $566,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several research analysts recently commented on INGR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a report on Wednesday. Barclays lowered their target price on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. UBS Group restated a “neutral” rating and set a $114.00 target price on shares of Ingredion in a research report on Thursday, May 7th. Oppenheimer lowered Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Finally, Benchmark reiterated a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $122.43.

Ingredion Stock Down 0.0%

Shares of NYSE:INGR opened at $97.47 on Monday. The firm has a fifty day moving average price of $104.26 and a two-hundred day moving average price of $110.51. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.76 and a quick ratio of 1.83. Ingredion Incorporated has a one year low of $96.56 and a one year high of $138.40. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 0.82 and a beta of 0.60.

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

Ingredion Dividend Announcement

The firm also recently announced 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 3.4%. The ex-dividend date is Wednesday, July 1st. Ingredion’s dividend payout ratio is currently 31.60%.

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.