Ingredion Incorporated $INGR Shares Acquired by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC increased its position in shares of Ingredion Incorporated (NYSE:INGR) by 114.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,977 shares of the company’s stock after purchasing an additional 5,316 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Ingredion were worth $1,203,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its position in shares of Ingredion by 66.3% in the 2nd quarter. Nordea Investment Management AB now owns 722,933 shares of the company’s stock valued at $97,531,000 after acquiring an additional 288,201 shares in the last quarter. Acadian Asset Management LLC raised its stake in Ingredion by 16.2% during the 2nd quarter. Acadian Asset Management LLC now owns 510,181 shares of the company’s stock valued at $69,176,000 after purchasing an additional 71,305 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Ingredion by 65.0% in the second quarter. Thrivent Financial for Lutherans now owns 25,155 shares of the company’s stock valued at $3,392,000 after purchasing an additional 9,912 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Ingredion in the second quarter valued at $572,000. Finally, American Century Companies Inc. boosted its position in shares of Ingredion by 30.1% in the second quarter. American Century Companies Inc. now owns 322,995 shares of the company’s stock worth $43,805,000 after buying an additional 74,662 shares during the period. 85.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on INGR shares. Stephens dropped their price target on Ingredion from $140.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Industrial Alliance Securities set a $124.00 target price on Ingredion in a research note on Thursday, November 6th. Wall Street Zen raised shares of Ingredion from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. BMO Capital Markets decreased their price target on shares of Ingredion from $143.00 to $123.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Finally, Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $124.33.

Ingredion Trading Up 0.1%

Shares of NYSE INGR opened at $115.05 on Wednesday. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 0.92 and a beta of 0.72. The business has a 50 day simple moving average of $110.20 and a 200 day simple moving average of $119.62. Ingredion Incorporated has a 52 week low of $102.31 and a 52 week high of $141.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.79 and a current ratio of 2.75.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.73 by $0.02. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.90 billion. Ingredion had a net margin of 9.07% and a return on equity of 18.14%. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. On average, research analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 2nd were issued a $0.82 dividend. The ex-dividend date was Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a yield of 2.9%. Ingredion’s dividend payout ratio is currently 32.70%.

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.