Ingredion Incorporated $INGR Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. decreased its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 98.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,301 shares of the company’s stock after selling 87,734 shares during the quarter. Shell Asset Management Co.’s holdings in Ingredion were worth $159,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. WPG Advisers LLC raised 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 purchasing an additional 123 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Ingredion by 810.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $35,000 after buying an additional 227 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Ingredion during the 3rd quarter worth $36,000. SJS Investment Consulting Inc. lifted its position in Ingredion by 4,000.0% in the third quarter. SJS Investment Consulting Inc. now owns 410 shares of the company’s stock valued at $50,000 after acquiring an additional 400 shares during the last quarter. Finally, Whittier Trust Co. acquired a new position in Ingredion in the second quarter valued at $53,000. 85.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. iA Financial set a $124.00 target price on Ingredion in a research report on Thursday, November 6th. Stephens reaffirmed an “equal weight” rating and set a $120.00 price target on shares of Ingredion in a research report on Wednesday, February 4th. Wall Street Zen downgraded Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Jefferies Financial Group reaffirmed a “hold” rating on shares of Ingredion in a report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Ingredion has an average rating of “Hold” and an average price target of $125.83.

Ingredion Stock Down 0.0%

Ingredion stock opened at $116.38 on Friday. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 0.93 and a beta of 0.71. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average of $114.65 and a two-hundred day moving average of $117.37. Ingredion Incorporated has a twelve month low of $102.31 and a twelve month high of $141.78.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $2.53 EPS for the quarter, missing the consensus estimate of $2.59 by ($0.06). Ingredion had a return on equity of 17.32% and a net margin of 10.10%.The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the company earned $2.63 EPS. Ingredion’s revenue for the quarter was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, research analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Friday, January 2nd were issued 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 payout ratio is presently 29.39%.

Insider Transactions at Ingredion

In other news, CEO James P. Zallie sold 33,597 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $119.66, for a total transaction of $4,020,217.02. Following the transaction, the chief executive officer directly owned 50,167 shares in the company, valued at $6,002,983.22. The trade was a 40.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Larry Fernandes sold 3,630 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $118.40, for a total transaction of $429,792.00. Following the completion of the sale, the senior vice president owned 32,055 shares of the company’s stock, valued at approximately $3,795,312. The trade was a 10.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 48,311 shares of company stock worth $5,741,840. Company insiders own 2.30% of the company’s stock.

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.