SG Americas Securities LLC Has $4.75 Million Holdings in Ingredion Incorporated $INGR

SG Americas Securities LLC raised its holdings in Ingredion Incorporated (NYSE:INGR) by 203.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,182 shares of the company’s stock after acquiring an additional 28,301 shares during the period. SG Americas Securities LLC owned about 0.07% of Ingredion worth $4,752,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its position in shares of Ingredion by 32.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company’s stock worth $281,000 after purchasing an additional 514 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Ingredion by 63.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,694 shares of the company’s stock valued at $499,000 after purchasing an additional 1,440 shares during the period. NewEdge Advisors LLC increased its stake in Ingredion by 9.0% during the 1st quarter. NewEdge Advisors LLC now owns 9,687 shares of the company’s stock worth $1,310,000 after purchasing an additional 797 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Ingredion by 5.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company’s stock worth $13,712,000 after purchasing an additional 5,255 shares in the last quarter. Finally, Focus Partners Wealth raised its holdings in Ingredion by 5.6% during the 1st quarter. Focus Partners Wealth now owns 3,636 shares of the company’s stock worth $492,000 after buying an additional 192 shares during the period. 85.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Zacks Research lowered shares of Ingredion from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Benchmark restated a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research report on Wednesday, June 24th. Oppenheimer lowered shares of Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. Finally, Barclays lowered their target price on Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $122.43.

Ingredion Price Performance

NYSE:INGR opened at $95.38 on Tuesday. Ingredion Incorporated has a 52-week low of $94.82 and a 52-week high of $138.40. The company has a market cap of $6.01 billion, a P/E ratio of 9.19, a P/E/G ratio of 0.82 and a beta of 0.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 2.76. The stock’s 50-day simple moving average is $103.89 and its 200 day simple moving average is $110.43.

Ingredion (NYSE:INGR) last issued its quarterly 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). Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period last year, the company posted $2.97 earnings per share. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, sell-side analysts forecast that Ingredion Incorporated will post 10.88 EPS for the current fiscal year.

Ingredion Dividend Announcement

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