Savant Capital LLC Has $1.27 Million Position in Ingredion Incorporated $INGR

Savant Capital LLC boosted its stake in shares of Ingredion Incorporated (NYSE:INGR) by 25.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,382 shares of the company’s stock after purchasing an additional 1,880 shares during the period. Savant Capital LLC’s holdings in Ingredion were worth $1,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INGR. Brown Advisory Inc. grew its holdings in shares of Ingredion by 8.4% during the 1st quarter. Brown Advisory Inc. now owns 2,318 shares of the company’s stock valued at $313,000 after acquiring an additional 180 shares in the last quarter. Allworth Financial LP boosted its position in Ingredion by 63.7% during the first quarter. Allworth Financial LP now owns 1,477 shares of the company’s stock valued at $192,000 after purchasing an additional 575 shares during the last quarter. CWM LLC grew its stake in Ingredion by 25.2% in the first quarter. CWM LLC now owns 2,229 shares of the company’s stock valued at $301,000 after purchasing an additional 448 shares in the last quarter. Signaturefd LLC increased its position in Ingredion by 7.8% in the 1st quarter. Signaturefd LLC now owns 1,724 shares of the company’s stock worth $233,000 after purchasing an additional 125 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Ingredion by 1.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,218,628 shares of the company’s stock worth $164,771,000 after purchasing an additional 22,333 shares during the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on INGR. BMO Capital Markets lowered their price target on Ingredion from $143.00 to $123.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Wall Street Zen downgraded shares of Ingredion from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Industrial Alliance Securities set a $124.00 price target on shares of Ingredion in a research note on Thursday, November 6th. Weiss Ratings lowered shares of Ingredion from a “buy (b)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Finally, Barclays reissued an “equal weight” rating and set a $124.00 target price (down from $168.00) on shares of Ingredion in a research report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Ingredion has an average rating of “Hold” and a consensus target price of $124.33.

Ingredion Price Performance

Shares of Ingredion stock opened at $108.05 on Thursday. The company has a current ratio of 2.78, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. The firm has a fifty day simple moving average of $119.60 and a 200-day simple moving average of $128.94. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 0.95 and a beta of 0.72. Ingredion Incorporated has a 1-year low of $102.31 and a 1-year high of $150.84.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, November 4th. The company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.73 by $0.02. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.90 billion. Ingredion had a net margin of 9.24% and a return on equity of 19.04%. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. On average, sell-side analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Wednesday, October 1st were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $3.28 annualized dividend and a dividend yield of 3.0%. This is a boost from Ingredion’s previous quarterly dividend of $0.80. Ingredion’s payout ratio is presently 32.70%.

About Ingredion

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.