Fifth Third Bancorp Increases Stake in Ingredion Incorporated $INGR

Fifth Third Bancorp increased its stake in Ingredion Incorporated (NYSE:INGR) by 2,086.1% in the first quarter, Holdings Channel reports. The firm owned 27,982 shares of the company’s stock after purchasing an additional 26,702 shares during the period. Fifth Third Bancorp’s holdings in Ingredion were worth $3,152,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in shares of Ingredion in the fourth quarter worth $30,000. GHP Investment Advisors Inc. purchased a new stake in shares of Ingredion during the first quarter valued at $33,000. Los Angeles Capital Management LLC acquired a new position in shares of Ingredion in the 4th quarter valued at $36,000. Capital Advisors Ltd. LLC increased its position in shares of Ingredion by 40.5% in the 4th quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock valued at $39,000 after acquiring an additional 102 shares during the period. Finally, Root Financial Partners LLC raised its stake in Ingredion by 83.7% in the 1st quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock worth $42,000 after acquiring an additional 169 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

INGR has been the subject of a number of research reports. UBS Group reaffirmed a “neutral” rating and set a $114.00 price target on shares of Ingredion in a research report on Thursday, May 7th. Benchmark restated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Barclays cut their price target on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. Finally, Weiss Ratings downgraded shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ingredion has a consensus rating of “Hold” and an average price target of $122.43.

Ingredion Stock Down 0.1%

Ingredion stock opened at $102.42 on Monday. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 0.86 and a beta of 0.62. Ingredion Incorporated has a 52 week low of $94.44 and a 52 week high of $135.68. The business’s 50-day moving average price is $100.29 and its 200 day moving average price is $109.18. 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 announced its quarterly earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The company’s revenue was down 1.2% compared to the same quarter last year. 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, sell-side analysts anticipate that Ingredion Incorporated will post 10.88 earnings per share for the current year.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, July 1st. Ingredion’s dividend payout ratio (DPR) is currently 31.60%.

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.