Vest Financial LLC Grows Stock Position in Ingredion Incorporated $INGR

Vest Financial LLC raised its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 24.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,602 shares of the company’s stock after acquiring an additional 7,645 shares during the quarter. Vest Financial LLC owned approximately 0.06% of Ingredion worth $4,714,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in Ingredion by 66.3% in the 2nd quarter. Nordea Investment Management AB now owns 722,933 shares of the company’s stock worth $97,531,000 after acquiring an additional 288,201 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Ingredion by 16.2% during the second quarter. Acadian Asset Management LLC now owns 510,181 shares of the company’s stock worth $69,176,000 after purchasing an additional 71,305 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Ingredion by 65.0% in the second quarter. Thrivent Financial for Lutherans now owns 25,155 shares of the company’s stock valued at $3,392,000 after purchasing an additional 9,912 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Ingredion in the second quarter valued at $572,000. Finally, American Century Companies Inc. lifted its position in Ingredion by 30.1% during the second quarter. American Century Companies Inc. now owns 322,995 shares of the company’s stock worth $43,805,000 after buying an additional 74,662 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Analyst Ratings Changes

INGR has been the subject of several recent analyst reports. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a report on Monday, December 29th. Stephens cut their price target on shares of Ingredion from $140.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Industrial Alliance Securities set a $124.00 price objective on shares of Ingredion in a research note on Thursday, November 6th. Finally, Oppenheimer set a $136.00 price objective on Ingredion in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $124.33.

Ingredion Price Performance

INGR opened at $115.53 on Thursday. Ingredion Incorporated has a 52-week low of $102.31 and a 52-week high of $141.78. The company has a 50 day moving average of $110.35 and a two-hundred day moving average of $119.60. The company has a market cap of $7.34 billion, a P/E ratio of 11.52, a P/E/G ratio of 0.92 and a beta of 0.72. The company has a quick ratio of 1.79, a current ratio of 2.75 and a debt-to-equity ratio of 0.41.

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

Ingredion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Friday, January 2nd were given a $0.82 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $3.28 annualized dividend and a dividend yield of 2.8%. Ingredion’s dividend payout ratio is presently 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.