First Eagle Investment Management LLC Has $10.52 Million Stake in Ingredion Incorporated $INGR

First Eagle Investment Management LLC reduced its stake in shares of Ingredion Incorporated (NYSE:INGR) by 16.6% in the 2nd quarter, Holdings Channel reports. The firm owned 77,550 shares of the company’s stock after selling 15,451 shares during the quarter. First Eagle Investment Management LLC’s holdings in Ingredion were worth $10,517,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in INGR. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Ingredion in the first quarter valued at about $32,000. Hantz Financial Services Inc. boosted its holdings in Ingredion by 810.7% in the second quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $35,000 after acquiring an additional 227 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in Ingredion by 40.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company’s stock valued at $38,000 after purchasing an additional 80 shares during the period. Ameritas Advisory Services LLC bought a new position in Ingredion during the 2nd quarter worth approximately $40,000. Finally, Costello Asset Management INC bought a new position in Ingredion during the 1st quarter worth approximately $41,000. Institutional investors own 85.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group reduced their price objective on shares of Ingredion from $130.00 to $119.00 and set a “neutral” rating on the stock in a research note on Wednesday. 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. Wall Street Zen lowered Ingredion from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Stephens dropped their price objective on Ingredion from $140.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Weiss Ratings cut Ingredion from a “buy (b)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $124.33.

Ingredion Price Performance

Shares of NYSE INGR opened at $108.53 on Friday. The firm has a market capitalization of $6.97 billion, a P/E ratio of 10.59, a P/E/G ratio of 0.95 and a beta of 0.72. The firm’s 50-day moving average price is $120.81 and its 200-day moving average price is $129.41. The company has a current ratio of 2.78, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. Ingredion Incorporated has a 1-year low of $102.31 and a 1-year high of $152.22.

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. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The business 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. Equities research analysts anticipate that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Increases Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Wednesday, October 1st. Ingredion’s dividend payout ratio is presently 32.70%.

Insider Buying and Selling at Ingredion

In related 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 value of $4,591,031.24. Following the transaction, the chief executive officer directly owned 50,129 shares in the company, valued at $6,342,321.08. This trade represents a 41.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is owned by insiders.

About Ingredion

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.