Wealth Enhancement Advisory Services LLC Increases Stake in Ingredion Incorporated $INGR

Wealth Enhancement Advisory Services LLC increased its stake in Ingredion Incorporated (NYSE:INGR) by 64.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 23,058 shares of the company’s stock after acquiring an additional 9,009 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Ingredion were worth $2,780,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Ingredion by 0.3% during the second quarter. Vanguard Group Inc. now owns 7,266,873 shares of the company’s stock valued at $985,533,000 after purchasing an additional 22,487 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Ingredion by 2.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,369,448 shares of the company’s stock valued at $167,223,000 after buying an additional 29,433 shares during the period. First Trust Advisors LP boosted its holdings in shares of Ingredion by 6.0% during the 2nd quarter. First Trust Advisors LP now owns 982,704 shares of the company’s stock valued at $133,274,000 after buying an additional 55,924 shares in the last quarter. Invesco Ltd. grew its position in shares of Ingredion by 2.6% in the 2nd quarter. Invesco Ltd. now owns 876,174 shares of the company’s stock worth $118,827,000 after buying an additional 22,245 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Ingredion by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 736,046 shares of the company’s stock worth $99,822,000 after acquiring an additional 8,681 shares in the last quarter. 85.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on INGR shares. Oppenheimer set a $136.00 target price on shares of Ingredion in a report on Wednesday, October 22nd. BMO Capital Markets lowered their price target on Ingredion from $143.00 to $123.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 29th. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Wall Street Zen upgraded Ingredion from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Ingredion has a consensus rating of “Hold” and an average price target of $124.33.

Ingredion Price Performance

NYSE INGR opened at $116.49 on Thursday. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 0.94 and a beta of 0.72. Ingredion Incorporated has a 1-year low of $102.31 and a 1-year high of $141.78. 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 business’s fifty day moving average price is $111.26 and its 200-day moving average price is $118.90.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, November 4th. The company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.73 by $0.02. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate 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. On average, equities analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 2nd were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, January 2nd. Ingredion’s dividend payout ratio (DPR) is currently 32.70%.

About Ingredion

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.