Assenagon Asset Management S.A. Has $3.35 Million Stock Position in Ingredion Incorporated $INGR

Assenagon Asset Management S.A. boosted its stake in Ingredion Incorporated (NYSE:INGR) by 25.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,335 shares of the company’s stock after acquiring an additional 6,060 shares during the period. Assenagon Asset Management S.A.’s holdings in Ingredion were worth $3,345,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of Ingredion by 4.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,762,402 shares of the company’s stock valued at $337,311,000 after purchasing an additional 114,521 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Ingredion by 2.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,369,448 shares of the company’s stock worth $167,223,000 after buying an additional 29,433 shares during the last quarter. Snyder Capital Management L P raised its stake in Ingredion by 22.0% during the third quarter. Snyder Capital Management L P now owns 1,323,847 shares of the company’s stock worth $161,655,000 after buying an additional 238,420 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Ingredion by 143.1% in the third quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock valued at $144,685,000 after buying an additional 701,063 shares during the period. Finally, First Trust Advisors LP boosted its position in Ingredion by 6.3% during the third quarter. First Trust Advisors LP now owns 1,044,819 shares of the company’s stock valued at $127,583,000 after acquiring an additional 62,115 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays increased their price target on Ingredion from $124.00 to $128.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. BMO Capital Markets restated a “market perform” rating on shares of Ingredion in a research report on Wednesday, February 4th. Wall Street Zen cut Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Stephens reiterated an “equal weight” rating and issued a $120.00 target price on shares of Ingredion in a report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $126.43.

Insider Activity

In other news, VP Davida Marie Gable sold 375 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $112.44, for a total transaction of $42,165.00. Following the completion of the sale, the vice president owned 7,110 shares in the company, valued at $799,448.40. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James P. Zallie sold 9,958 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $116.55, for a total value of $1,160,604.90. Following the completion of the transaction, the chief executive officer owned 33,011 shares in the company, valued at approximately $3,847,432.05. This represents a 23.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 48,685 shares of company stock worth $5,783,898 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Ingredion Trading Down 0.0%

INGR opened at $112.06 on Monday. The company has a fifty day moving average price of $115.39 and a two-hundred day moving average price of $114.67. Ingredion Incorporated has a 1-year low of $102.31 and a 1-year high of $141.78. The company has a market cap of $7.05 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 0.88 and a beta of 0.69. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.41.

Ingredion (NYSE:INGR) last issued its earnings results on Tuesday, February 3rd. The company reported $2.53 EPS for the quarter, missing the consensus estimate of $2.59 by ($0.06). Ingredion had a net margin of 10.10% and a return on equity of 17.32%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the business earned $2.63 earnings per share. The business’s quarterly revenue was down 2.4% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Analysts predict that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Wednesday, April 1st will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, April 1st. Ingredion’s dividend payout ratio (DPR) is 29.39%.

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.