Aviance Capital Partners LLC Acquires New Holdings in Ingredion Incorporated $INGR

Aviance Capital Partners LLC bought a new position in shares of Ingredion Incorporated (NYSE:INGR) during the first quarter, Holdings Channel reports. The fund bought 5,195 shares of the company’s stock, valued at approximately $585,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisortrust Partners LLC boosted its holdings in Ingredion by 9.5% in the 1st quarter. Advisortrust Partners LLC now owns 2,739 shares of the company’s stock valued at $309,000 after purchasing an additional 237 shares during the period. Assetmark Inc. grew its position in shares of Ingredion by 4.8% during the 1st quarter. Assetmark Inc. now owns 697,217 shares of the company’s stock valued at $78,548,000 after purchasing an additional 31,989 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Ingredion by 115.9% in the first quarter. D.A. Davidson & CO. now owns 8,087 shares of the company’s stock worth $911,000 after purchasing an additional 4,342 shares during the period. Illinois Municipal Retirement Fund raised its position in shares of Ingredion by 8.2% in the first quarter. Illinois Municipal Retirement Fund now owns 26,575 shares of the company’s stock worth $2,994,000 after buying an additional 2,011 shares in the last quarter. Finally, Signet Financial Management LLC raised its position in shares of Ingredion by 14.3% in the first quarter. Signet Financial Management LLC now owns 3,905 shares of the company’s stock worth $440,000 after buying an additional 490 shares in the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingredion Stock Down 0.1%

INGR opened at $102.42 on Monday. The business’s fifty day simple moving average is $100.29 and its 200 day simple moving average is $109.18. Ingredion Incorporated has a 52 week low of $94.44 and a 52 week high of $135.68. 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 has a market cap of $6.46 billion, a PE ratio of 9.87, a P/E/G ratio of 0.86 and a beta of 0.62.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $1.79 billion. During the same period last year, the firm earned $2.97 EPS. The company’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, research analysts expect that Ingredion Incorporated will post 10.88 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The company also recently announced 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. The ex-dividend date is Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a yield of 3.2%. Ingredion’s payout ratio is presently 31.60%.

Analyst Upgrades and Downgrades

INGR has been the subject of several research analyst reports. Weiss Ratings cut Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Benchmark reiterated a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. UBS Group reissued a “neutral” rating and set a $114.00 price objective on shares of Ingredion in a report on Thursday, May 7th. Finally, Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $122.43.

Ingredion 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.