Ingredion Incorporated $INGR Shares Sold by LSV Asset Management

LSV Asset Management lowered its holdings in Ingredion Incorporated (NYSE:INGR) by 1.1% during the third quarter, Holdings Channel.com reports. The firm owned 1,999,847 shares of the company’s stock after selling 22,924 shares during the period. LSV Asset Management’s holdings in Ingredion were worth $244,201,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA boosted its holdings in shares of Ingredion by 2.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,369,448 shares of the company’s stock worth $167,223,000 after buying an additional 29,433 shares during the period. Oxbow Advisors LLC bought a new position in shares of Ingredion in the 3rd quarter valued at approximately $2,784,000. Nordea Investment Management AB raised its holdings in Ingredion by 66.3% in the 2nd quarter. Nordea Investment Management AB now owns 722,933 shares of the company’s stock worth $97,531,000 after acquiring an additional 288,201 shares during the period. Acadian Asset Management LLC increased its position in Ingredion by 16.2% in the 2nd quarter. Acadian Asset Management LLC now owns 510,181 shares of the company’s stock worth $69,176,000 after buying an additional 71,305 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its stake in shares of Ingredion by 479.3% in the third quarter. Y Intercept Hong Kong Ltd now owns 24,434 shares of the company’s stock valued at $2,984,000 after purchasing an additional 20,216 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Stephens reiterated an “equal weight” rating and issued a $120.00 price target on shares of Ingredion in a research report on Wednesday, February 4th. Jefferies Financial Group reissued a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Wall Street Zen cut shares of Ingredion from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, iA Financial set a $124.00 target price on Ingredion in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Ingredion has a consensus rating of “Hold” and a consensus price target of $125.83.

Ingredion Price Performance

Shares of NYSE:INGR opened at $120.03 on Thursday. Ingredion Incorporated has a one year low of $102.31 and a one year high of $141.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.66 and a quick ratio of 1.73. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 0.95 and a beta of 0.71. The firm has a 50 day simple moving average of $113.57 and a 200 day simple moving average of $117.85.

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

Ingredion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Friday, January 2nd were issued a dividend of $0.82 per share. The ex-dividend date was Friday, January 2nd. This represents a $3.28 annualized dividend and a dividend yield of 2.7%. Ingredion’s dividend payout ratio is currently 29.39%.

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.