Ingredion Incorporated $INGR Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its stake in shares of Ingredion Incorporated (NYSE:INGR) by 52.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,218 shares of the company’s stock after selling 18,852 shares during the period. Hsbc Holdings PLC’s holdings in Ingredion were worth $1,904,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in INGR. Integrated Wealth Concepts LLC grew its position in Ingredion by 32.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company’s stock valued at $281,000 after acquiring an additional 514 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ingredion by 63.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,694 shares of the company’s stock worth $499,000 after purchasing an additional 1,440 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Ingredion by 9.0% in the 1st quarter. NewEdge Advisors LLC now owns 9,687 shares of the company’s stock worth $1,310,000 after purchasing an additional 797 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Ingredion by 5.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company’s stock valued at $13,712,000 after purchasing an additional 5,255 shares in the last quarter. Finally, Focus Partners Wealth lifted its stake in shares of Ingredion by 5.6% in the 1st quarter. Focus Partners Wealth now owns 3,636 shares of the company’s stock valued at $492,000 after purchasing an additional 192 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Stock Down 2.2%

Shares of NYSE:INGR opened at $95.38 on Tuesday. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 0.82 and a beta of 0.60. The company has a 50 day moving average of $103.89 and a two-hundred day moving average of $110.43. Ingredion Incorporated has a 52-week low of $94.82 and a 52-week high of $138.40. The company has a quick ratio of 1.83, a current ratio of 2.76 and a debt-to-equity ratio of 0.40.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, May 5th. The company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.97 earnings per share. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, analysts forecast that Ingredion Incorporated will post 10.88 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, July 21st. Shareholders of record on Wednesday, July 1st will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Ingredion’s dividend payout ratio is presently 31.60%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on INGR. Barclays decreased their price objective on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. UBS Group restated a “neutral” rating and set a $114.00 target price on shares of Ingredion in a report on Thursday, May 7th. Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Zacks Research downgraded Ingredion from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ingredion currently has an average rating of “Hold” and a consensus price target of $122.43.

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.