Caitlin John LLC Sells 325 Shares of Ingredion Incorporated $INGR

Caitlin John LLC decreased its position in shares of Ingredion Incorporated (NYSE:INGR) by 11.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,524 shares of the company’s stock after selling 325 shares during the period. Caitlin John LLC’s holdings in Ingredion were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of INGR. Caisse DE Depot ET Placement DU Quebec increased its position in Ingredion by 327.2% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 531,413 shares of the company’s stock valued at $73,101,000 after acquiring an additional 407,027 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Ingredion by 42.9% in the first quarter. Allianz Asset Management GmbH now owns 1,204,347 shares of the company’s stock worth $162,840,000 after purchasing an additional 361,584 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Ingredion by 37.0% in the first quarter. Northern Trust Corp now owns 982,789 shares of the company’s stock worth $132,883,000 after purchasing an additional 265,263 shares during the last quarter. Boston Partners grew its holdings in shares of Ingredion by 333.9% in the first quarter. Boston Partners now owns 273,851 shares of the company’s stock worth $36,868,000 after purchasing an additional 210,737 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Ingredion by 766.7% in the first quarter. Deutsche Bank AG now owns 230,317 shares of the company’s stock worth $31,141,000 after purchasing an additional 203,742 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Analyst Upgrades and Downgrades

INGR has been the topic of a number of research analyst reports. UBS Group upped their price target on shares of Ingredion from $149.00 to $151.00 and gave the stock a “neutral” rating in a report on Wednesday, July 9th. Wall Street Zen cut shares of Ingredion from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $151.40.

Insider Activity

In other Ingredion news, SVP Larry Fernandes sold 850 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $128.39, for a total transaction of $109,131.50. Following the completion of the sale, the senior vice president directly owned 31,171 shares of the company’s stock, valued at approximately $4,002,044.69. This represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO James P. Zallie sold 36,287 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $126.52, for a total transaction of $4,591,031.24. Following the sale, the chief executive officer directly owned 50,129 shares of the company’s stock, valued at approximately $6,342,321.08. The trade was a 41.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,137 shares of company stock valued at $4,700,163. Insiders own 2.30% of the company’s stock.

Ingredion Stock Up 1.1%

Shares of Ingredion stock opened at $129.0880 on Friday. 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 $120.51 and a 1 year high of $155.44. The firm’s 50-day moving average is $132.58 and its two-hundred day moving average is $132.70. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.02 and a beta of 0.71.

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

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.