1,523 Shares in Ingredion Incorporated $INGR Acquired by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in Ingredion Incorporated (NYSE:INGR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,523 shares of the company’s stock, valued at approximately $207,000.

A number of other large investors have also recently made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Ingredion in the 1st quarter worth approximately $32,000. Hantz Financial Services Inc. raised its holdings in shares of Ingredion by 810.7% during the second quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $35,000 after purchasing an additional 227 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Ingredion in the 2nd quarter valued at about $40,000. Costello Asset Management INC acquired a new stake in shares of Ingredion during the 1st quarter worth approximately $41,000. Finally, SouthState Corp acquired a new position in shares of Ingredion in the 1st quarter valued at $41,000. 85.27% of the stock is owned by hedge funds and other institutional investors.

Ingredion Stock Up 0.4%

NYSE INGR opened at $107.47 on Wednesday. The business has a fifty day moving average price of $117.96 and a 200 day moving average price of $128.23. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 2.78. The company has a market cap of $6.83 billion, a P/E ratio of 10.48, a P/E/G ratio of 0.95 and a beta of 0.72. Ingredion Incorporated has a one year low of $102.31 and a one year high of $150.00.

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

Ingredion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.82 per share. The ex-dividend date was Wednesday, October 1st. This represents a $3.28 annualized dividend and a dividend yield of 3.1%. This is an increase from Ingredion’s previous quarterly dividend of $0.80. Ingredion’s payout ratio is presently 32.70%.

Analysts Set New Price Targets

INGR has been the subject of a number of analyst reports. UBS Group decreased their price objective 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. Stephens reduced their price target on Ingredion from $140.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Weiss Ratings lowered Ingredion from a “buy (b)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Zacks Research downgraded Ingredion from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Finally, Industrial Alliance Securities set a $124.00 price target on shares of Ingredion in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $124.33.

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.