Ingredion Incorporated $INGR Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its stake in Ingredion Incorporated (NYSE:INGR) by 60.7% during the 3rd quarter, Holdings Channel reports. The fund owned 8,108 shares of the company’s stock after selling 12,549 shares during the period. Federated Hermes Inc.’s holdings in Ingredion were worth $990,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INGR. Massachusetts Financial Services Co. MA lifted its holdings in Ingredion by 2.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,369,448 shares of the company’s stock valued at $167,223,000 after purchasing an additional 29,433 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Ingredion by 66.3% in the second quarter. Nordea Investment Management AB now owns 722,933 shares of the company’s stock valued at $97,531,000 after buying an additional 288,201 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Ingredion by 16.2% during the second quarter. Acadian Asset Management LLC now owns 510,181 shares of the company’s stock valued at $69,176,000 after buying an additional 71,305 shares during the period. Oxbow Advisors LLC purchased a new position in shares of Ingredion during the third quarter valued at approximately $2,784,000. Finally, Thrivent Financial for Lutherans boosted its position in Ingredion by 65.0% during the second quarter. Thrivent Financial for Lutherans now owns 25,155 shares of the company’s stock worth $3,392,000 after acquiring an additional 9,912 shares during the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Stock Performance

NYSE INGR opened at $120.23 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.66 and a quick ratio of 1.79. Ingredion Incorporated has a 1-year low of $102.31 and a 1-year high of $141.78. The firm has a market capitalization of $7.64 billion, a P/E ratio of 10.77, a P/E/G ratio of 0.95 and a beta of 0.71. The business’s 50-day simple moving average is $112.90 and its 200-day simple moving average is $118.26.

Ingredion (NYSE:INGR) last posted 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 net margin of 10.10% and a return on equity of 17.32%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the previous year, the business posted $2.63 EPS. The company’s quarterly revenue was down 2.4% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Equities analysts predict that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 2nd were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, January 2nd. Ingredion’s dividend payout ratio is 29.39%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Jefferies Financial Group reissued a “hold” rating on shares of Ingredion in a research note on Wednesday. Oppenheimer set a $136.00 target price on Ingredion in a research report on Wednesday, October 22nd. Wall Street Zen lowered Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 29th. Finally, iA Financial set a $124.00 target price on shares of Ingredion in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $125.83.

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.