Vontobel Holding Ltd. Has $1.74 Million Position in Ingredion Incorporated $INGR

Vontobel Holding Ltd. reduced its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 7.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,830 shares of the company’s stock after selling 973 shares during the period. Vontobel Holding Ltd.’s holdings in Ingredion were worth $1,740,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Ingredion by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,755,683 shares of the company’s stock worth $372,594,000 after purchasing an additional 177,387 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Ingredion by 1.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,218,628 shares of the company’s stock worth $164,771,000 after purchasing an additional 22,333 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Ingredion by 42.9% during the 1st 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 in the last quarter. Northern Trust Corp lifted its position in Ingredion by 37.0% in the 1st quarter. Northern Trust Corp now owns 982,789 shares of the company’s stock valued at $132,883,000 after acquiring an additional 265,263 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Ingredion by 6.7% in the 1st quarter. Bank of New York Mellon Corp now owns 727,365 shares of the company’s stock valued at $98,347,000 after acquiring an additional 45,631 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ingredion

In other news, SVP Larry Fernandes sold 850 shares of the firm’s stock in a transaction that occurred on 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 owned 31,171 shares in the company, valued at $4,002,044.69. This trade represents a 2.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James P. Zallie sold 36,287 shares of Ingredion stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 50,129 shares of the company’s stock, valued at $6,342,321.08. This represents a 41.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,137 shares of company stock valued at $4,700,163. 2.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on INGR. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ingredion in a research report on Wednesday. Wall Street Zen cut shares of Ingredion from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, UBS Group dropped their price target on shares of Ingredion from $144.00 to $130.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $147.20.

Ingredion Trading Up 0.2%

Shares of INGR stock opened at $119.78 on Friday. The company has a 50 day moving average of $125.08 and a 200-day moving average of $131.33. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41. Ingredion Incorporated has a 12-month low of $119.31 and a 12-month high of $155.44. The firm has a market cap of $7.69 billion, a P/E ratio of 11.69, a PEG ratio of 0.95 and a beta of 0.74.

Ingredion (NYSE:INGR) last issued its quarterly 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 during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the business posted $2.87 EPS. Ingredion’s quarterly revenue was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Sell-side analysts anticipate that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, October 1st. This is an increase from Ingredion’s previous quarterly dividend of $0.80. Ingredion’s dividend payout ratio (DPR) is 32.00%.

Ingredion 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.