UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Raises Position in Ingredion Incorporated $INGR

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 22.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 353,165 shares of the company’s stock after acquiring an additional 63,767 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.55% of Ingredion worth $47,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of INGR. Alpine Bank Wealth Management purchased a new position in shares of Ingredion during the 1st quarter worth $26,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Ingredion during the 1st quarter valued at $32,000. Ameriflex Group Inc. purchased a new position in shares of Ingredion during the 4th quarter valued at $33,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Ingredion by 40.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company’s stock valued at $38,000 after buying an additional 80 shares in the last quarter. Finally, Costello Asset Management INC purchased a new position in shares of Ingredion during the 1st quarter valued at $41,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on INGR. Wall Street Zen upgraded shares of Ingredion from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group lifted their target price on shares of Ingredion from $149.00 to $151.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Ingredion has an average rating of “Hold” and an average target price of $151.40.

Insider Activity

In related news, SVP Larry Fernandes sold 850 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $128.39, for a total transaction of $109,131.50. Following the transaction, the senior vice president directly owned 31,171 shares in the company, valued at approximately $4,002,044.69. This represents a 2.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO James P. Zallie sold 36,287 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $126.52, for a total transaction of $4,591,031.24. Following the transaction, the chief executive officer owned 50,129 shares in the company, valued at $6,342,321.08. The trade was a 41.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,137 shares of company stock worth $4,700,163 over the last quarter. 1.80% of the stock is currently owned by insiders.

Ingredion Stock Performance

Ingredion stock opened at $126.25 on Monday. The company’s 50-day moving average price is $129.91 and its 200-day moving average price is $132.76. Ingredion Incorporated has a twelve month low of $120.51 and a twelve month high of $155.44. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41. The company has a market cap of $8.10 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 1.01 and a beta of 0.77.

Ingredion (NYSE:INGR) last posted its earnings results on Friday, August 1st. The company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.09. Ingredion had a net margin of 9.24% and a return on equity of 19.04%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the firm posted $2.87 EPS. The business’s quarterly revenue was down 2.4% on a year-over-year basis. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. On average, equities research analysts forecast that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Wednesday, October 1st will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.6%. The ex-dividend date is Wednesday, October 1st. This is a positive change from Ingredion’s previous quarterly dividend of $0.80. Ingredion’s payout ratio is currently 31.22%.

Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.