Bank of New York Mellon Corp Sells 35,580 Shares of Ingredion Incorporated $INGR

Bank of New York Mellon Corp trimmed its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 5.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 625,876 shares of the company’s stock after selling 35,580 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ingredion were worth $70,511,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of INGR. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Ingredion by 22,036.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock worth $114,351,000 after purchasing an additional 1,032,421 shares during the last quarter. First Trust Advisors LP raised its holdings in Ingredion by 90.9% in the fourth quarter. First Trust Advisors LP now owns 1,994,825 shares of the company’s stock worth $219,949,000 after purchasing an additional 950,006 shares in the last quarter. Norges Bank bought a new position in Ingredion in the fourth quarter worth about $85,310,000. AQR Capital Management LLC lifted its position in shares of Ingredion by 143.1% during 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 last quarter. Finally, Cooke & Bieler LP lifted its position in shares of Ingredion by 33.6% during the fourth quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock valued at $133,101,000 after buying an additional 303,807 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on INGR shares. Weiss Ratings downgraded shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. UBS Group reaffirmed a “neutral” rating and issued a $114.00 price target on shares of Ingredion in a report on Thursday, May 7th. Finally, Benchmark reaffirmed a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $122.43.

Ingredion Price Performance

NYSE INGR opened at $102.48 on Thursday. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 0.85 and a beta of 0.62. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.76 and a quick ratio of 1.83. The stock’s fifty day moving average price is $100.05 and its 200 day moving average price is $109.00. Ingredion Incorporated has a 1 year low of $94.44 and a 1 year high of $135.68.

Ingredion (NYSE:INGR) last issued its quarterly 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 business’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, equities research analysts forecast that Ingredion Incorporated will post 10.88 earnings per share for the current year.

Ingredion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, July 1st. Ingredion’s payout ratio is 31.60%.

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.