UBS Group AG Has $46.44 Million Stock Position in Ingredion Incorporated $INGR

UBS Group AG lowered its position in shares of Ingredion Incorporated (NYSE:INGR) by 12.3% in the fourth quarter, HoldingsChannel reports. The fund owned 421,209 shares of the company’s stock after selling 58,975 shares during the period. UBS Group AG’s holdings in Ingredion were worth $46,443,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Ingredion by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock worth $825,556,000 after purchasing an additional 208,606 shares during the period. Dimensional Fund Advisors LP lifted its position in Ingredion by 4.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,762,402 shares of the company’s stock valued at $337,311,000 after purchasing an additional 114,521 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Ingredion by 2.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,369,448 shares of the company’s stock valued at $167,223,000 after purchasing an additional 29,433 shares during the last quarter. Snyder Capital Management L P grew its position in shares of Ingredion by 22.0% during the 3rd quarter. Snyder Capital Management L P now owns 1,323,847 shares of the company’s stock worth $161,655,000 after buying an additional 238,420 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Ingredion by 143.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock worth $144,685,000 after buying an additional 701,063 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Insider Activity

In other news, CEO James P. Zallie sold 33,597 shares of Ingredion stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $119.66, for a total transaction of $4,020,217.02. Following the transaction, the chief executive officer owned 50,167 shares in the company, valued at $6,002,983.22. The trade was a 40.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Larry Fernandes sold 3,630 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $118.40, for a total value of $429,792.00. Following the completion of the transaction, the senior vice president owned 32,055 shares of the company’s stock, valued at $3,795,312. This represents a 10.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 48,686 shares of company stock worth $5,784,010 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Ingredion Trading Down 0.8%

Shares of NYSE INGR opened at $106.30 on Thursday. Ingredion Incorporated has a twelve month low of $100.71 and a twelve month high of $141.78. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 0.88 and a beta of 0.64. The company has a quick ratio of 1.73, a current ratio of 2.76 and a debt-to-equity ratio of 0.40. The company’s fifty day moving average is $112.90 and its 200-day moving average is $112.98.

Ingredion (NYSE:INGR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. Ingredion’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Equities research analysts predict that Ingredion Incorporated will post 11.1 EPS for the current year.

Ingredion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Wednesday, April 1st were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.1%. Ingredion’s dividend payout ratio (DPR) is currently 29.39%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a report on Friday, March 27th. UBS Group dropped their target price on shares of Ingredion from $124.00 to $122.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Stephens reissued an “equal weight” rating and issued a $120.00 price target on shares of Ingredion in a research note on Wednesday, February 4th. BMO Capital Markets restated a “market perform” rating on shares of Ingredion in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Ingredion in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $123.57.

Ingredion Company Profile

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.