Universal Beteiligungs und Servicegesellschaft mbH Increases Position in Ingredion Incorporated $INGR

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Ingredion Incorporated (NYSE:INGR) by 18.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,141 shares of the company’s stock after purchasing an additional 15,400 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.16% of Ingredion worth $12,350,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vest Financial LLC lifted its position in shares of Ingredion by 24.7% during the third quarter. Vest Financial LLC now owns 38,602 shares of the company’s stock valued at $4,714,000 after buying an additional 7,645 shares during the last quarter. Jackson Thornton Wealth Management LLC bought a new position in shares of Ingredion during the 3rd quarter worth approximately $243,000. Inscription Capital LLC raised its stake in shares of Ingredion by 66.9% during the 3rd quarter. Inscription Capital LLC now owns 6,973 shares of the company’s stock worth $852,000 after acquiring an additional 2,796 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Ingredion during the third quarter valued at approximately $36,000. Finally, WPG Advisers LLC boosted its stake in Ingredion by 100.8% in the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock valued at $30,000 after acquiring an additional 123 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on INGR. Oppenheimer set a $136.00 price target on Ingredion in a research report on Wednesday, October 22nd. Stephens reduced their target price on Ingredion from $140.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a 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. Finally, BMO Capital Markets decreased their price objective on shares of Ingredion from $143.00 to $123.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $124.33.

Ingredion Stock Up 0.7%

Shares of INGR stock opened at $116.73 on Friday. Ingredion Incorporated has a fifty-two week low of $102.31 and a fifty-two week high of $141.78. The firm has a market capitalization of $7.42 billion, a PE ratio of 11.64, a P/E/G ratio of 0.93 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.79 and a current ratio of 2.75. The stock’s 50-day simple moving average is $110.69 and its 200-day simple moving average is $119.31.

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 18.14% and a net margin of 9.07%.The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.90 billion. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. Equities analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

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

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.