Swiss National Bank Decreases Stock Holdings in Ingredion Incorporated $INGR

Swiss National Bank lowered its stake in Ingredion Incorporated (NYSE:INGR) by 2.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 122,800 shares of the company’s stock after selling 3,500 shares during the quarter. Swiss National Bank owned 0.19% of Ingredion worth $16,654,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in INGR. Hantz Financial Services Inc. lifted its holdings in Ingredion by 810.7% during the second quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 227 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Ingredion during the 2nd quarter worth about $40,000. Costello Asset Management INC acquired a new position in shares of Ingredion during the 1st quarter worth about $41,000. SouthState Corp purchased a new position in Ingredion in the 1st quarter valued at about $41,000. Finally, Ransom Advisory Ltd acquired a new stake in Ingredion in the 1st quarter worth about $41,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on INGR shares. Industrial Alliance Securities set a $124.00 target price on Ingredion in a research report on Thursday, November 6th. Zacks Research downgraded Ingredion from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a report on Monday. Barclays reaffirmed an “equal weight” rating and set a $124.00 target price (down previously from $168.00) on shares of Ingredion in a research note on Thursday, November 6th. Finally, UBS Group reduced their target price on shares of Ingredion from $130.00 to $119.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $124.33.

Ingredion Stock Performance

Ingredion stock opened at $107.67 on Thursday. The firm has a 50 day simple moving average of $115.76 and a 200-day simple moving average of $127.06. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 0.95 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.78 and a quick ratio of 1.81. Ingredion Incorporated has a 1-year low of $102.31 and a 1-year high of $150.00.

Ingredion (NYSE:INGR) last released its quarterly earnings data on Tuesday, November 4th. The company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.02. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. On average, analysts expect that Ingredion Incorporated will post 11.14 EPS for the current year.

About Ingredion

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.