Ingredion Incorporated $INGR Shares Sold by BCS Private Wealth Management Inc.

BCS Private Wealth Management Inc. reduced its stake in Ingredion Incorporated (NYSE:INGR) by 79.0% during the 3rd quarter, Holdings Channel reports. The fund owned 1,896 shares of the company’s stock after selling 7,150 shares during the period. BCS Private Wealth Management Inc.’s holdings in Ingredion were worth $232,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in Ingredion during the second quarter worth about $82,779,000. Nordea Investment Management AB raised its holdings in shares of Ingredion by 66.3% during the second quarter. Nordea Investment Management AB now owns 722,933 shares of the company’s stock worth $97,531,000 after purchasing an additional 288,201 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Ingredion in the second quarter worth about $25,334,000. Boston Trust Walden Corp grew its stake in Ingredion by 6,843.0% during the 3rd quarter. Boston Trust Walden Corp now owns 136,915 shares of the company’s stock worth $16,719,000 after buying an additional 134,943 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Ingredion by 10.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,340,015 shares of the company’s stock worth $181,733,000 after buying an additional 121,387 shares during the period. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Stock Up 2.6%

Ingredion stock opened at $116.01 on Thursday. The stock has a market capitalization of $7.37 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 0.90 and a beta of 0.72. Ingredion Incorporated has a twelve month low of $102.31 and a twelve month high of $141.78. The company has a 50 day moving average of $109.60 and a 200-day moving average of $120.35. The company has a quick ratio of 1.79, a current ratio of 2.75 and a debt-to-equity ratio of 0.41.

Ingredion (NYSE:INGR) last announced its quarterly earnings data 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 net margin of 9.07% and a return on equity of 18.14%. The company 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, equities research analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Announces Dividend

The company also recently declared 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. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, January 2nd. Ingredion’s dividend payout ratio (DPR) is presently 32.70%.

Wall Street Analysts Forecast Growth

INGR has been the subject of several research reports. BMO Capital Markets decreased their target price on 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 note on Monday, December 29th. Industrial Alliance Securities set a $124.00 target price on shares of Ingredion in a research report on Thursday, November 6th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Finally, Oppenheimer set a $136.00 price objective on Ingredion in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $124.33.

About Ingredion

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.