Dynamic Technology Lab Private Ltd Purchases New Shares in Ingredion Incorporated $INGR

Dynamic Technology Lab Private Ltd acquired a new position in Ingredion Incorporated (NYSE:INGR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 8,630 shares of the company’s stock, valued at approximately $1,170,000.

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

Wall Street Analysts Forecast Growth

INGR has been the subject of a number of research analyst reports. Stephens lowered 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. Oppenheimer set a $136.00 target price on shares of Ingredion in a report on Wednesday, October 22nd. Barclays reaffirmed an “equal weight” rating and set a $124.00 price target (down from $168.00) on shares of Ingredion in a report on Thursday, November 6th. BMO Capital Markets dropped their price objective on shares of Ingredion from $143.00 to $123.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Finally, Zacks Research lowered shares of Ingredion from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $124.33.

Ingredion Stock Down 0.2%

Shares of NYSE INGR opened at $106.79 on Friday. The company has a 50 day simple moving average of $117.18 and a 200 day simple moving average of $127.93. 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. The firm has a market cap of $6.78 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 0.95 and a beta of 0.72.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.02. The company had revenue of $1.82 billion for 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. On average, research analysts forecast that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Increases Dividend

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