Ingredion Incorporated $INGR Shares Purchased by Osaic Holdings Inc.

Osaic Holdings Inc. raised its position in Ingredion Incorporated (NYSE:INGR) by 484.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 40,442 shares of the company’s stock after purchasing an additional 33,524 shares during the period. Osaic Holdings Inc.’s holdings in Ingredion were worth $5,472,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Hsbc Holdings PLC boosted its holdings in Ingredion by 117.1% in the first quarter. Hsbc Holdings PLC now owns 73,233 shares of the company’s stock valued at $9,840,000 after purchasing an additional 39,502 shares during the last quarter. Capital Fund Management S.A. acquired a new position in shares of Ingredion in the 1st quarter valued at approximately $2,013,000. CW Advisors LLC purchased a new position in shares of Ingredion during the 1st quarter valued at approximately $263,000. AlphaQuest LLC grew its position in shares of Ingredion by 129.7% during the first quarter. AlphaQuest LLC now owns 5,580 shares of the company’s stock worth $754,000 after buying an additional 3,151 shares in the last quarter. Finally, Jump Financial LLC grew its position in shares of Ingredion by 474.2% during the first quarter. Jump Financial LLC now owns 11,501 shares of the company’s stock worth $1,555,000 after buying an additional 9,498 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on INGR. UBS Group cut their price target on shares of Ingredion from $130.00 to $119.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ingredion in a research report on Monday, December 15th. Barclays reaffirmed an “equal weight” rating and set a $124.00 price target (down previously from $168.00) on shares of Ingredion in a research report on Thursday, November 6th. Industrial Alliance Securities set a $124.00 price target on Ingredion in a research note on Thursday, November 6th. Finally, Wall Street Zen cut Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ingredion currently has a consensus rating of “Hold” and an average price target of $124.33.

Ingredion Price Performance

Shares of NYSE:INGR opened at $110.98 on Tuesday. The company has a market cap of $7.05 billion, a PE ratio of 11.06, a P/E/G ratio of 0.90 and a beta of 0.72. Ingredion Incorporated has a fifty-two week low of $102.31 and a fifty-two week high of $141.78. The firm has a 50-day simple moving average of $111.53 and a 200 day simple moving average of $123.33. The company has a quick ratio of 1.79, a current ratio of 2.75 and a debt-to-equity ratio of 0.41.

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 company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.90 billion. Ingredion had a return on equity of 18.14% and a net margin of 9.07%.Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. On average, sell-side analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Friday, January 2nd will be given a $0.82 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.28 annualized dividend and a yield of 3.0%. Ingredion’s dividend payout ratio (DPR) is currently 32.70%.

About Ingredion

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.