Ingredion Incorporated $INGR Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its position in Ingredion Incorporated (NYSE:INGR) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 406,344 shares of the company’s stock after purchasing an additional 879 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.63% of Ingredion worth $54,904,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jump Financial LLC raised its holdings in shares of Ingredion by 474.2% during the first quarter. Jump Financial LLC now owns 11,501 shares of the company’s stock valued at $1,555,000 after buying an additional 9,498 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Ingredion in the 1st quarter valued at approximately $646,000. Jupiter Asset Management Ltd. raised its stake in Ingredion by 38.2% during the 1st quarter. Jupiter Asset Management Ltd. now owns 342,190 shares of the company’s stock valued at $46,268,000 after acquiring an additional 94,575 shares in the last quarter. Brown Advisory Inc. boosted its position in Ingredion by 8.4% during the 1st quarter. Brown Advisory Inc. now owns 2,318 shares of the company’s stock worth $313,000 after acquiring an additional 180 shares during the period. Finally, Transcend Capital Advisors LLC grew its stake in shares of Ingredion by 156.7% in the first quarter. Transcend Capital Advisors LLC now owns 11,086 shares of the company’s stock worth $1,499,000 after purchasing an additional 6,768 shares in the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

Ingredion Price Performance

Shares of Ingredion stock opened at $120.22 on Wednesday. Ingredion Incorporated has a 52 week low of $118.56 and a 52 week high of $155.44. The company has a current ratio of 2.78, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. The stock has a market cap of $7.72 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 0.96 and a beta of 0.74. The company’s 50-day moving average price is $124.32 and its two-hundred day moving average price is $130.65.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Friday, August 1st. The company reported $2.87 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the firm posted $2.87 EPS. The business’s revenue for the quarter 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, sell-side analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Wednesday, October 1st were issued a $0.82 dividend. This is an increase from Ingredion’s previous quarterly dividend of $0.80. This represents a $3.28 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, October 1st. Ingredion’s dividend payout ratio is currently 32.00%.

Insiders Place Their Bets

In other news, CEO James P. Zallie sold 36,287 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $126.52, for a total transaction of $4,591,031.24. Following the completion of the sale, the chief executive officer owned 50,129 shares in the company, valued at approximately $6,342,321.08. This represents a 41.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Larry Fernandes sold 850 shares of Ingredion stock in a transaction on Monday, August 4th. The stock was sold at an average price of $128.39, for a total value of $109,131.50. Following the completion of the transaction, the senior vice president owned 31,171 shares in the company, valued at $4,002,044.69. The trade was a 2.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,137 shares of company stock valued at $4,700,163 in the last quarter. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on INGR. Weiss Ratings restated a “buy (b)” rating on shares of Ingredion in a research note on Wednesday, October 8th. UBS Group lowered their target price on shares of Ingredion from $144.00 to $130.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Finally, Wall Street Zen raised shares of Ingredion from a “hold” rating to a “buy” rating in a research note on Sunday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.20.

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.