Jupiter Asset Management Ltd. Lowers Holdings in Ingredion Incorporated $INGR

Jupiter Asset Management Ltd. decreased its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 89.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,125 shares of the company’s stock after selling 284,025 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.05% of Ingredion worth $4,045,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WPG Advisers LLC boosted its stake in Ingredion by 100.8% during the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock worth $30,000 after buying an additional 123 shares during the period. Hantz Financial Services Inc. raised its position 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. Root Financial Partners LLC purchased a new stake in Ingredion in the third quarter valued at approximately $36,000. SJS Investment Consulting Inc. lifted its stake in Ingredion by 4,000.0% during the third quarter. SJS Investment Consulting Inc. now owns 410 shares of the company’s stock worth $50,000 after purchasing an additional 400 shares in the last quarter. Finally, Whittier Trust Co. purchased a new position in shares of Ingredion during the second quarter worth $53,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. iA Financial set a $124.00 price objective on Ingredion in a report on Thursday, November 6th. Jefferies Financial Group reiterated a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. UBS Group increased their price target on shares of Ingredion from $119.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. BMO Capital Markets restated a “market perform” rating on shares of Ingredion in a report on Wednesday, February 4th. Finally, Barclays increased their target price on shares of Ingredion from $124.00 to $128.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Ingredion presently has an average rating of “Hold” and a consensus price target of $125.83.

Insider Buying and Selling at Ingredion

In other Ingredion news, SVP Larry Fernandes sold 3,630 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $118.40, for a total value of $429,792.00. Following the sale, the senior vice president directly owned 32,055 shares in the company, valued at $3,795,312. This trade represents a 10.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James P. Zallie sold 33,597 shares of Ingredion stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $119.66, for a total value of $4,020,217.02. Following the sale, the chief executive officer directly owned 50,167 shares of the company’s stock, valued at $6,002,983.22. This trade represents a 40.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 48,311 shares of company stock worth $5,741,840 in the last three months. 2.30% of the stock is currently owned by corporate insiders.

Ingredion Stock Up 0.4%

INGR stock opened at $117.00 on Friday. The company’s 50 day moving average price is $114.74 and its 200 day moving average price is $117.24. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.73 and a current ratio of 2.66. Ingredion Incorporated has a fifty-two week low of $102.31 and a fifty-two week high of $141.78. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.94 and a beta of 0.71.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). Ingredion had a return on equity of 17.32% and a net margin of 10.10%.The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the firm earned $2.63 EPS. The firm’s revenue was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. On average, equities research analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 2nd were paid a dividend of $0.82 per share. The ex-dividend date was Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.8%. Ingredion’s payout ratio is presently 29.39%.

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.