Versant Capital Management Inc Has $37,000 Position in Ingredion Incorporated $INGR

Versant Capital Management Inc lessened its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 94.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 387 shares of the company’s stock after selling 6,664 shares during the quarter. Versant Capital Management Inc’s holdings in Ingredion were worth $37,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Amundi raised its position in shares of Ingredion by 19.4% in the first quarter. Amundi now owns 142,282 shares of the company’s stock valued at $16,029,000 after buying an additional 23,122 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Ingredion by 22,036.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock worth $114,351,000 after acquiring an additional 1,032,421 shares during the last quarter. Cooke & Bieler LP boosted its position in 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 stake in Ingredion during the 4th quarter valued at about $6,825,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Ingredion during the 4th quarter valued at about $1,823,000. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Stock Performance

NYSE:INGR opened at $103.87 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.92 and a current ratio of 2.80. The stock has a market capitalization of $6.55 billion, a P/E ratio of 11.33, a PEG ratio of 0.90 and a beta of 0.62. The company has a 50 day moving average price of $100.15 and a 200 day moving average price of $107.82. Ingredion Incorporated has a fifty-two week low of $94.44 and a fifty-two week high of $130.48.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.11. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the company earned $2.87 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Equities research analysts forecast that Ingredion Incorporated will post 10.6 EPS for the current year.

Ingredion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, July 1st. Ingredion’s payout ratio is currently 35.77%.

Insider Transactions at Ingredion

In related news, Director David B. Fischer sold 1,662 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total transaction of $170,039.22. Following the completion of the transaction, the director directly owned 19,930 shares in the company, valued at $2,039,038.30. This trade represents a 7.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on INGR shares. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Barclays cut their price target on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. Weiss Ratings cut Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Oppenheimer downgraded Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. Finally, Benchmark restated a “buy” rating on shares of Ingredion in a research report 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 currently has a consensus rating of “Hold” and a consensus target price of $121.29.

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.