Squarepoint Ops LLC Decreases Holdings in Ingredion Incorporated $INGR

Squarepoint Ops LLC reduced its stake in shares of Ingredion Incorporated (NYSE:INGR) by 88.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,686 shares of the company’s stock after selling 49,416 shares during the quarter. Squarepoint Ops LLC’s holdings in Ingredion were worth $907,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. boosted its holdings in shares of Ingredion by 810.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $35,000 after purchasing an additional 227 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Ingredion in the 2nd quarter worth about $40,000. Ransom Advisory Ltd purchased a new stake in Ingredion in the 1st quarter worth about $41,000. Bell Investment Advisors Inc lifted its stake in Ingredion by 41.2% in the first quarter. Bell Investment Advisors Inc now owns 346 shares of the company’s stock worth $47,000 after purchasing an additional 101 shares during the last quarter. Finally, Whittier Trust Co. purchased a new position in shares of Ingredion during the second quarter valued at approximately $53,000. 85.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on INGR shares. BMO Capital Markets reduced their price target on Ingredion from $143.00 to $123.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. Zacks Research downgraded Ingredion from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Wall Street Zen lowered shares of Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Industrial Alliance Securities set a $124.00 price target on shares of Ingredion in a report on Thursday, November 6th. Finally, Barclays reiterated an “equal weight” rating and set a $124.00 price objective (down previously from $168.00) on shares of Ingredion in a report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Ingredion currently has a consensus rating of “Hold” and an average target price of $124.33.

Ingredion Price Performance

Shares of INGR opened at $110.98 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.79 and a current ratio of 2.75. The company has a 50 day moving average price of $111.53 and a 200-day moving average price of $123.33. Ingredion Incorporated has a fifty-two week low of $102.31 and a fifty-two week high of $141.78. The stock has a market capitalization of $7.05 billion, a PE ratio of 11.06, a PEG ratio of 0.90 and a beta of 0.72.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.02. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.90 billion. Ingredion had a net margin of 9.07% and a return on equity of 18.14%. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. Equities analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Friday, January 2nd will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, January 2nd. Ingredion’s payout ratio is currently 32.70%.

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.