Yacktman Asset Management LP Reduces Position in Ingredion Incorporated $INGR

Yacktman Asset Management LP reduced its position in shares of Ingredion Incorporated (NYSE:INGR) by 8.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,442,086 shares of the company’s stock after selling 135,400 shares during the period. Ingredion comprises approximately 2.4% of Yacktman Asset Management LP’s portfolio, making the stock its 13th largest position. Yacktman Asset Management LP’s holdings in Ingredion were worth $176,093,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in shares of Ingredion by 2.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,369,448 shares of the company’s stock valued at $167,223,000 after purchasing an additional 29,433 shares during the period. Nordea Investment Management AB lifted its stake in Ingredion by 66.3% in the second quarter. Nordea Investment Management AB now owns 722,933 shares of the company’s stock valued at $97,531,000 after buying an additional 288,201 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Ingredion by 16.2% in the second quarter. Acadian Asset Management LLC now owns 510,181 shares of the company’s stock valued at $69,176,000 after acquiring an additional 71,305 shares during the period. Oxbow Advisors LLC purchased a new position in shares of Ingredion during the third quarter worth approximately $2,784,000. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Ingredion by 65.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 25,155 shares of the company’s stock valued at $3,392,000 after acquiring an additional 9,912 shares during the period. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Trading Up 0.9%

NYSE INGR opened at $118.20 on Monday. The company has a quick ratio of 1.79, a current ratio of 2.75 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $7.51 billion, a P/E ratio of 11.78, a P/E/G ratio of 0.94 and a beta of 0.71. Ingredion Incorporated has a 52-week low of $102.31 and a 52-week high of $141.78. The firm has a 50-day moving average price of $111.68 and a 200 day moving average price of $118.54.

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

Ingredion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Friday, January 2nd were given a $0.82 dividend. The ex-dividend date was Friday, January 2nd. This represents a $3.28 annualized dividend and a yield of 2.8%. Ingredion’s dividend payout ratio is presently 32.70%.

Analysts Set New Price Targets

INGR has been the subject of a number of recent research reports. UBS Group decreased their price target on shares of Ingredion from $130.00 to $119.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. BMO Capital Markets decreased their target price on shares of Ingredion from $143.00 to $123.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Stephens lowered their price target on Ingredion from $140.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Industrial Alliance Securities set a $124.00 target price on Ingredion in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $124.33.

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.