Ingredion Incorporated $INGR Shares Acquired by Savant Capital LLC

Savant Capital LLC boosted its stake in Ingredion Incorporated (NYSE:INGR) by 25.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,382 shares of the company’s stock after buying an additional 1,880 shares during the period. Savant Capital LLC’s holdings in Ingredion were worth $1,272,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allianz Asset Management GmbH boosted 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 valued at $162,840,000 after acquiring an additional 361,584 shares in the last quarter. Millennium Management LLC boosted its stake in Ingredion by 1,093.5% during the 1st quarter. Millennium Management LLC now owns 365,693 shares of the company’s stock valued at $49,445,000 after purchasing an additional 335,052 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Ingredion by 66.3% during the 2nd quarter. Nordea Investment Management AB now owns 722,933 shares of the company’s stock valued at $97,531,000 after purchasing an additional 288,201 shares during the period. Northern Trust Corp raised its stake in shares of Ingredion by 37.0% in the 1st quarter. Northern Trust Corp now owns 982,789 shares of the company’s stock worth $132,883,000 after buying an additional 265,263 shares in the last quarter. Finally, Boston Partners lifted 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 valued at $36,868,000 after buying an additional 210,737 shares during the period. 85.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

INGR has been the topic of a number of research analyst reports. Weiss Ratings lowered Ingredion from a “buy (b)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Stephens lowered their price objective on shares of Ingredion from $140.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Barclays reissued an “equal weight” rating and set a $124.00 target price (down from $168.00) on shares of Ingredion in a research note on Thursday, November 6th. BMO Capital Markets decreased their price target on shares of Ingredion from $143.00 to $123.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. Finally, Industrial Alliance Securities set a $124.00 price target on Ingredion in a report on Thursday, November 6th. One 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. According to MarketBeat.com, Ingredion currently has a consensus rating of “Hold” and a consensus target price of $124.33.

Ingredion Stock Performance

Ingredion stock opened at $108.05 on Thursday. Ingredion Incorporated has a fifty-two week low of $102.31 and a fifty-two week high of $150.84. The firm’s 50 day simple moving average is $119.60 and its 200-day simple moving average is $128.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.78 and a quick ratio of 1.81. The company has a market cap of $6.86 billion, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 0.95 and a beta of 0.72.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $0.02. Ingredion had a net margin of 9.24% and a return on equity of 19.04%. The firm had revenue of $1.82 billion during 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 predict that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Increases Dividend

The firm also recently declared 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. This is a positive change from Ingredion’s previous quarterly dividend of $0.80. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Wednesday, October 1st. Ingredion’s dividend payout ratio is presently 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.