Y Intercept Hong Kong Ltd Buys 33,046 Shares of Ingredion Incorporated $INGR

Y Intercept Hong Kong Ltd grew its stake in shares of Ingredion Incorporated (NYSE:INGR) by 783.5% during the first quarter, HoldingsChannel.com reports. The fund owned 37,264 shares of the company’s stock after buying an additional 33,046 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Ingredion were worth $4,198,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in INGR. International Assets Investment Management LLC purchased a new position in shares of Ingredion during the fourth quarter valued at approximately $30,000. GHP Investment Advisors Inc. purchased a new stake in Ingredion in the first quarter worth approximately $33,000. Los Angeles Capital Management LLC bought a new stake in Ingredion in the 4th quarter worth approximately $36,000. Capital Advisors Ltd. LLC grew its position in Ingredion by 40.5% in the 4th quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock worth $39,000 after purchasing an additional 102 shares during the period. Finally, Root Financial Partners LLC raised its stake in Ingredion by 83.7% during the 1st quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock valued at $42,000 after buying an additional 169 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on INGR. Barclays lowered their price target on Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Zacks Research downgraded Ingredion from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. UBS Group reissued a “neutral” rating and issued a $114.00 target price on shares of Ingredion in a research report on Thursday, May 7th. Finally, Benchmark restated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Ingredion currently has an average rating of “Hold” and an average price target of $122.43.

Ingredion Trading Down 0.1%

Shares of Ingredion stock opened at $97.57 on Monday. Ingredion Incorporated has a 1-year low of $94.44 and a 1-year high of $138.40. The company’s fifty day simple moving average is $102.49 and its 200-day simple moving average is $110.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.76 and a quick ratio of 1.83. The stock has a market capitalization of $6.15 billion, a PE ratio of 9.40, a P/E/G ratio of 0.82 and a beta of 0.62.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $2.34 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.10). Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the company earned $2.97 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, equities analysts anticipate that Ingredion Incorporated will post 10.88 earnings per share for the current year.

Ingredion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Ingredion’s payout ratio is currently 31.60%.

About Ingredion

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.