Louisiana State Employees Retirement System Purchases Shares of 18,300 Ingredion Incorporated $INGR

Louisiana State Employees Retirement System bought a new position in Ingredion Incorporated (NYSE:INGR) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 18,300 shares of the company’s stock, valued at approximately $2,062,000.

A number of other institutional investors and hedge funds have also bought and sold shares of INGR. Northwestern Mutual Wealth Management Co. raised its stake in Ingredion by 22,036.7% during the 4th 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 period. First Trust Advisors LP grew its position in shares of Ingredion by 90.9% during the fourth quarter. First Trust Advisors LP now owns 1,994,825 shares of the company’s stock valued at $219,949,000 after purchasing an additional 950,006 shares in the last quarter. Norges Bank bought a new stake in shares of Ingredion in the fourth quarter worth about $85,310,000. AQR Capital Management LLC increased its stake in Ingredion by 143.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock worth $144,685,000 after acquiring an additional 701,063 shares during the last quarter. Finally, Cooke & Bieler LP increased its position in Ingredion by 33.6% in the fourth quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock worth $133,101,000 after purchasing an additional 303,807 shares during the last quarter. 85.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on INGR shares. Oppenheimer lowered Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. Zacks Research cut shares of Ingredion from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a report on Wednesday, June 24th. Benchmark reissued a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Finally, 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. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $122.43.

Ingredion Trading Down 0.6%

INGR opened at $94.83 on Wednesday. The company has a quick ratio of 1.83, a current ratio of 2.76 and a debt-to-equity ratio of 0.40. The stock’s fifty day moving average is $103.48 and its two-hundred day moving average is $110.33. The company has a market capitalization of $5.98 billion, a P/E ratio of 9.14, a PEG ratio of 0.80 and a beta of 0.60. Ingredion Incorporated has a 52 week low of $94.44 and a 52 week high of $138.40.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.79 billion. Ingredion had a return on equity of 15.86% and a net margin of 9.36%.Ingredion’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Analysts forecast that Ingredion Incorporated will post 10.88 earnings per share for the current 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 given a dividend of $0.82 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a yield of 3.5%. Ingredion’s dividend payout ratio (DPR) is 31.60%.

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.