DGS Capital Management LLC Takes Position in Ingredion Incorporated $INGR

DGS Capital Management LLC acquired a new position in Ingredion Incorporated (NYSE:INGR) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,637 shares of the company’s stock, valued at approximately $635,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Ingredion by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock worth $825,556,000 after acquiring an additional 208,606 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Ingredion by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,939,536 shares of the company’s stock valued at $324,118,000 after acquiring an additional 177,134 shares during the period. First Trust Advisors LP grew its position 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 valued at $219,949,000 after purchasing an additional 950,006 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Ingredion by 53.3% in the fourth quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock valued at $201,337,000 after purchasing an additional 634,900 shares during the last quarter. Finally, Snyder Capital Management L P increased its stake in shares of Ingredion by 4.4% in the fourth quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company’s stock worth $152,355,000 after purchasing an additional 57,928 shares during the period. 85.27% of the stock is owned by institutional investors.

Ingredion Stock Performance

INGR opened at $99.23 on Tuesday. The stock’s 50 day simple moving average is $102.22 and its 200-day simple moving average is $109.92. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. The stock has a market cap of $6.26 billion, a PE ratio of 9.56, a P/E/G ratio of 0.82 and a beta of 0.62. Ingredion Incorporated has a 1 year low of $94.44 and a 1 year high of $137.57.

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

Ingredion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, July 1st. Ingredion’s dividend payout ratio is 31.60%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on INGR shares. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a research note on Wednesday, June 24th. Barclays dropped their price target on Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Zacks Research lowered shares of Ingredion from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Finally, UBS Group reiterated a “neutral” rating and set a $114.00 target price on shares of Ingredion in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ingredion has an average rating of “Hold” and an average target price of $122.43.

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.