TFB Advisors LLC Increases Holdings in Ingredion Incorporated $INGR

TFB Advisors LLC grew its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 10.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,881 shares of the company’s stock after acquiring an additional 352 shares during the quarter. TFB Advisors LLC’s holdings in Ingredion were worth $526,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in INGR. Allianz Asset Management GmbH raised its position in shares of Ingredion by 42.9% during the 1st quarter. Allianz Asset Management GmbH now owns 1,204,347 shares of the company’s stock valued at $162,840,000 after buying an additional 361,584 shares in the last quarter. Millennium Management LLC raised its position in shares of Ingredion by 1,093.5% during the 1st quarter. Millennium Management LLC now owns 365,693 shares of the company’s stock valued at $49,445,000 after buying an additional 335,052 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Ingredion by 66.3% during the 2nd 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 in the last quarter. Northern Trust Corp raised its position in shares of Ingredion by 37.0% during the 1st quarter. Northern Trust Corp now owns 982,789 shares of the company’s stock valued at $132,883,000 after buying an additional 265,263 shares in the last quarter. Finally, Boston Partners raised its position in shares of Ingredion by 333.9% during the 1st quarter. Boston Partners now owns 273,851 shares of the company’s stock valued at $36,868,000 after buying an additional 210,737 shares in the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Larry Fernandes sold 850 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $128.39, for a total value of $109,131.50. Following the completion of the transaction, the senior vice president owned 31,171 shares of the company’s stock, valued at $4,002,044.69. The trade was a 2.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James P. Zallie sold 36,287 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $126.52, for a total value of $4,591,031.24. Following the sale, the chief executive officer owned 50,129 shares of the company’s stock, valued at approximately $6,342,321.08. This represents a 41.99% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,137 shares of company stock valued at $4,700,163. Company insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. UBS Group decreased their price objective on shares of Ingredion from $144.00 to $130.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ingredion in a report on Wednesday, October 8th. Wall Street Zen upgraded Ingredion from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Oppenheimer set a $136.00 target price on Ingredion in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Ingredion presently has an average rating of “Moderate Buy” and an average price target of $143.40.

Ingredion Trading Up 0.1%

Shares of NYSE INGR opened at $120.27 on Thursday. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $124.17 and a two-hundred day simple moving average of $130.57. The firm has a market cap of $7.72 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 0.95 and a beta of 0.74. Ingredion Incorporated has a twelve month low of $118.56 and a twelve month high of $155.44.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.09. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.89 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The business’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.87 EPS. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Wednesday, October 1st were given a dividend of $0.82 per share. This is a positive change from Ingredion’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $3.28 dividend on an annualized basis and a yield of 2.7%. Ingredion’s payout ratio is 32.00%.

Ingredion Profile

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.