Sumitomo Mitsui Trust Group Inc. Trims Stock Holdings in Ingredion Incorporated $INGR

Sumitomo Mitsui Trust Group Inc. lowered its stake in Ingredion Incorporated (NYSE:INGR) by 44.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,501 shares of the company’s stock after selling 5,922 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ingredion were worth $845,000 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. Northwestern Mutual Wealth Management Co. increased its stake in shares of Ingredion by 22,036.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock worth $114,351,000 after purchasing an additional 1,032,421 shares in the last quarter. Cooke & Bieler LP boosted its position in shares of Ingredion by 33.6% during the fourth quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock worth $133,101,000 after acquiring an additional 303,807 shares during the last quarter. ING Groep NV purchased a new position in shares of Ingredion during the fourth quarter valued at about $6,825,000. Jefferies Financial Group Inc. bought a new stake in Ingredion in the 4th quarter worth approximately $1,823,000. Finally, Norges Bank purchased a new stake in Ingredion during the fourth quarter valued at $85,310,000. 85.27% of the stock is owned by hedge funds and other institutional investors.

Ingredion Stock Up 3.0%

Shares of NYSE INGR opened at $102.15 on Friday. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 0.83 and a beta of 0.62. The company’s 50-day simple moving average is $100.39 and its 200-day simple moving average is $109.24. The company has a quick ratio of 1.83, a current ratio of 2.76 and a debt-to-equity ratio of 0.40. Ingredion Incorporated has a 52-week low of $94.44 and a 52-week high of $135.90.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $2.34 earnings per share (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 firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the firm posted $2.97 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Equities analysts predict that Ingredion Incorporated will post 10.88 EPS for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.2%. Ingredion’s dividend payout ratio is presently 31.60%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on INGR shares. Barclays dropped their price target on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. UBS Group restated a “neutral” rating and set a $114.00 target price on shares of Ingredion in a research note 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 and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $122.43.

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.