Ingredion Incorporated $INGR Shares Purchased by Osaic Holdings Inc.

Osaic Holdings Inc. boosted its holdings in Ingredion Incorporated (NYSE:INGR) by 484.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,442 shares of the company’s stock after buying an additional 33,524 shares during the period. Osaic Holdings Inc. owned 0.06% of Ingredion worth $5,472,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. lifted its holdings in shares of Ingredion by 810.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $35,000 after acquiring an additional 227 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Ingredion in the second quarter valued at approximately $40,000. Ransom Advisory Ltd acquired a new position in Ingredion during the first quarter worth approximately $41,000. Bell Investment Advisors Inc raised its stake in Ingredion by 41.2% during the first quarter. Bell Investment Advisors Inc now owns 346 shares of the company’s stock worth $47,000 after purchasing an additional 101 shares during the period. Finally, Whittier Trust Co. purchased a new position in Ingredion during the second quarter worth approximately $53,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on INGR shares. Wall Street Zen cut shares of Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. BMO Capital Markets lowered their price target on Ingredion from $143.00 to $123.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Ingredion in a research note on Monday, December 15th. Zacks Research lowered Ingredion from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Finally, Oppenheimer set a $136.00 target price on Ingredion in a report on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $124.33.

Ingredion Trading Up 0.4%

Shares of INGR opened at $110.98 on Tuesday. Ingredion Incorporated has a 12 month low of $102.31 and a 12 month high of $141.78. The stock’s 50-day moving average is $111.53 and its two-hundred day moving average is $123.33. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.75 and a quick ratio of 1.79. The stock 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 (NYSE:INGR) last posted its earnings results on Tuesday, November 4th. The company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.73 by $0.02. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates 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. Equities analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Friday, January 2nd will be paid a dividend of $0.82 per share. The ex-dividend date is Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.0%. Ingredion’s dividend payout ratio (DPR) is currently 32.70%.

Ingredion 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.