Ingredion Incorporated $INGR Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Ingredion Incorporated (NYSE:INGR) by 952.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,706 shares of the company’s stock after buying an additional 16,024 shares during the quarter. SG Americas Securities LLC’s holdings in Ingredion were worth $2,162,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in INGR. Vista Investment Management increased its stake in Ingredion by 0.8% during the second quarter. Vista Investment Management now owns 10,789 shares of the company’s stock worth $1,463,000 after acquiring an additional 89 shares during the last quarter. Teza Capital Management LLC grew its holdings in shares of Ingredion by 4.2% during the 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock worth $309,000 after purchasing an additional 92 shares during the period. Amalgamated Bank increased its position in shares of Ingredion by 0.3% during the 2nd quarter. Amalgamated Bank now owns 30,187 shares of the company’s stock worth $4,094,000 after purchasing an additional 93 shares during the last quarter. State of Michigan Retirement System increased its position in shares of Ingredion by 0.6% during the 2nd quarter. State of Michigan Retirement System now owns 15,488 shares of the company’s stock worth $2,100,000 after purchasing an additional 100 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in Ingredion by 3.7% in the 2nd quarter. ProShare Advisors LLC now owns 2,851 shares of the company’s stock valued at $387,000 after buying an additional 103 shares during the period. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingredion Price Performance

Shares of INGR opened at $116.01 on Thursday. The company has a market cap of $7.37 billion, a P/E ratio of 11.57, a PEG ratio of 0.90 and a beta of 0.72. Ingredion Incorporated has a fifty-two week low of $102.31 and a fifty-two week high of $141.78. The company has a quick ratio of 1.79, a current ratio of 2.75 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average price is $109.60 and its 200 day moving average price is $120.35.

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

Ingredion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Friday, January 2nd will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, January 2nd. Ingredion’s payout ratio is presently 32.70%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on INGR shares. BMO Capital Markets lowered their target price on shares of Ingredion from $143.00 to $123.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research report on Monday, December 29th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Industrial Alliance Securities set a $124.00 target price on Ingredion in a research report on Thursday, November 6th. Finally, Stephens lowered their price target on Ingredion from $140.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $124.33.

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.