Ingredion Incorporated $INGR Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its holdings in Ingredion Incorporated (NYSE:INGR) by 36.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,185 shares of the company’s stock after selling 4,645 shares during the period. Vontobel Holding Ltd.’s holdings in Ingredion were worth $999,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Hantz Financial Services Inc. boosted its holdings in Ingredion by 810.7% in the second quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 227 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Ingredion in the 2nd quarter valued at about $40,000. Ransom Advisory Ltd purchased a new position in shares of Ingredion in the 1st quarter valued at about $41,000. Bell Investment Advisors Inc grew its position in shares of Ingredion by 41.2% during the first quarter. Bell Investment Advisors Inc now owns 346 shares of the company’s stock worth $47,000 after buying an additional 101 shares in the last quarter. Finally, Whittier Trust Co. purchased a new stake in shares of Ingredion during the second quarter worth approximately $53,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on INGR. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ingredion in a report on Monday, December 15th. BMO Capital Markets reduced their price objective on shares of Ingredion from $143.00 to $123.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. Stephens decreased their price objective on shares of Ingredion from $140.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Wall Street Zen cut Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $124.33.

Ingredion Trading Up 0.3%

NYSE INGR opened at $111.40 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.75 and a quick ratio of 1.79. The firm’s fifty day moving average price is $110.74 and its 200 day moving average price is $122.67. The company has a market capitalization of $7.08 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 0.91 and a beta of 0.72. Ingredion Incorporated has a 12 month low of $102.31 and a 12 month high of $141.78.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.73 by $0.02. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Ingredion had a net margin of 9.07% and a return on equity of 18.14%. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. On average, sell-side analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Friday, January 2nd will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, January 2nd. Ingredion’s dividend payout ratio (DPR) is currently 32.70%.

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.