Ingredion Incorporated $INGR Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its position in shares of Ingredion Incorporated (NYSE:INGR) by 479.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 24,434 shares of the company’s stock after purchasing an additional 20,216 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Ingredion were worth $2,984,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. WPG Advisers LLC grew its holdings in Ingredion by 100.8% during the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock worth $30,000 after acquiring an additional 123 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Ingredion by 810.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 227 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Ingredion in the 3rd quarter worth approximately $36,000. Ameritas Advisory Services LLC bought a new stake in shares of Ingredion in the 2nd quarter worth approximately $40,000. Finally, SJS Investment Consulting Inc. raised its holdings in shares of Ingredion by 4,000.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 410 shares of the company’s stock worth $50,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on INGR shares. UBS Group decreased their price target on shares of Ingredion from $130.00 to $119.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a report on Monday, December 29th. BMO Capital Markets cut their target price on Ingredion from $143.00 to $123.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. Barclays reiterated an “equal weight” rating and issued a $124.00 price target (down previously from $168.00) on shares of Ingredion in a research report on Thursday, November 6th. Finally, Industrial Alliance Securities set a $124.00 price objective on Ingredion in a report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $124.33.

Ingredion Stock Down 0.1%

Shares of Ingredion stock opened at $116.66 on Tuesday. The company has a current ratio of 2.75, a quick ratio of 1.79 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $110.88 and a 200 day moving average price of $119.05. The company has a market cap of $7.41 billion, a P/E ratio of 11.62, a P/E/G ratio of 0.93 and a beta of 0.72. Ingredion Incorporated has a 1 year low of $102.31 and a 1 year high of $141.78.

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. Ingredion had a net margin of 9.07% and a return on equity of 18.14%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.90 billion. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. As a group, analysts expect that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 2nd were paid a dividend of $0.82 per share. The ex-dividend date was Friday, January 2nd. This represents a $3.28 annualized dividend and a 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.