Ingredion Incorporated $INGR Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. cut its holdings in Ingredion Incorporated (NYSE:INGR) by 7.3% during the second quarter, Holdings Channel reports. The institutional investor owned 317,150 shares of the company’s stock after selling 25,040 shares during the period. Jupiter Asset Management Ltd.’s holdings in Ingredion were worth $43,012,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Ingredion during the 1st quarter worth about $32,000. Hantz Financial Services Inc. boosted its holdings in Ingredion by 810.7% in 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. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Ingredion by 40.2% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company’s stock valued at $38,000 after purchasing an additional 80 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Ingredion in the second quarter valued at approximately $40,000. Finally, Costello Asset Management INC acquired a new stake in Ingredion during the first quarter worth approximately $41,000. 85.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wall Street Zen downgraded shares of Ingredion from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Oppenheimer set a $136.00 target price on Ingredion in a research report on Wednesday, October 22nd. Industrial Alliance Securities set a $124.00 target price on Ingredion in a report on Thursday, November 6th. BMO Capital Markets dropped their price target on Ingredion from $143.00 to $123.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Finally, Barclays reaffirmed an “equal weight” rating and set a $124.00 price target (down previously from $168.00) on shares of Ingredion in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ingredion currently has a consensus rating of “Hold” and a consensus target price of $124.33.

Ingredion Trading Up 1.8%

Shares of Ingredion stock opened at $109.40 on Wednesday. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 0.95 and a beta of 0.72. Ingredion Incorporated has a 52-week low of $102.31 and a 52-week high of $150.84. The company’s 50-day simple moving average is $119.99 and its 200-day simple moving average is $129.09. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41.

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

Ingredion Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Wednesday, October 1st were given a $0.82 dividend. The ex-dividend date was Wednesday, October 1st. This is a positive change from Ingredion’s previous quarterly dividend of $0.80. This represents a $3.28 annualized dividend and a yield of 3.0%. Ingredion’s dividend payout ratio (DPR) is currently 32.70%.

Ingredion Company 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.