Aster Capital Management DIFC Ltd Purchases New Position in Ingredion Incorporated $INGR

Aster Capital Management DIFC Ltd acquired a new position in shares of Ingredion Incorporated (NYSE:INGR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,943 shares of the company’s stock, valued at approximately $545,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in shares of Ingredion in the fourth quarter valued at approximately $30,000. Los Angeles Capital Management LLC purchased a new stake in Ingredion in the 4th quarter valued at $36,000. Capital Advisors Ltd. LLC lifted its stake in Ingredion by 40.5% during 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 in the last quarter. Ares Financial Consulting LLC purchased a new position in Ingredion during the 4th quarter worth $46,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Ingredion by 166.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 381 shares of the company’s stock worth $47,000 after acquiring an additional 238 shares during the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on INGR. Oppenheimer downgraded shares of Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a report on Friday, March 27th. Zacks Research downgraded shares of Ingredion from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Benchmark reiterated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Finally, UBS Group restated a “neutral” rating and issued a $114.00 target price on shares of Ingredion in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $122.43.

Ingredion Trading Down 0.2%

NYSE INGR opened at $101.42 on Tuesday. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 0.85 and a beta of 0.60. The business’s fifty day moving average is $107.06 and its 200-day moving average is $111.12. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.76 and a quick ratio of 1.83. Ingredion Incorporated has a one year low of $97.12 and a one year high of $140.47.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.10). The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. Ingredion’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Equities research analysts predict that Ingredion Incorporated will post 10.88 EPS for the current year.

Ingredion Dividend Announcement

The business 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. The ex-dividend date is Wednesday, July 1st. This represents a $3.28 annualized dividend and a yield of 3.2%. Ingredion’s dividend payout ratio is presently 31.60%.

Insiders Place Their Bets

In related news, VP Davida Marie Gable sold 375 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total transaction of $42,165.00. Following the completion of the transaction, the vice president owned 7,110 shares in the company, valued at approximately $799,448.40. This represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

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.