Public Employees Retirement System of Ohio Trims Stake in Ingredion Incorporated $INGR

Public Employees Retirement System of Ohio reduced its stake in shares of Ingredion Incorporated (NYSE:INGR) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,316 shares of the company’s stock after selling 368 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Ingredion were worth $2,891,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of INGR. Wealth Enhancement Advisory Services LLC raised its position in Ingredion by 8.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,191 shares of the company’s stock valued at $1,539,000 after acquiring an additional 905 shares in the last quarter. NBC Securities Inc. raised its position in Ingredion by 180,400.0% during the first quarter. NBC Securities Inc. now owns 1,805 shares of the company’s stock valued at $244,000 after acquiring an additional 1,804 shares in the last quarter. Merit Financial Group LLC raised its position in Ingredion by 37.4% during the first quarter. Merit Financial Group LLC now owns 3,133 shares of the company’s stock valued at $424,000 after acquiring an additional 852 shares in the last quarter. Whipplewood Advisors LLC raised its position in Ingredion by 737.3% during the first quarter. Whipplewood Advisors LLC now owns 427 shares of the company’s stock valued at $58,000 after acquiring an additional 376 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in Ingredion by 14.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 6,041 shares of the company’s stock valued at $817,000 after purchasing an additional 766 shares during the period. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Wall Street Zen raised Ingredion from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. UBS Group raised their price objective on Ingredion from $149.00 to $151.00 and gave the company a “neutral” rating in a report on Wednesday, July 9th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $151.40.

Ingredion Stock Down 0.4%

Shares of INGR opened at $121.62 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 2.78. Ingredion Incorporated has a one year low of $120.08 and a one year high of $155.44. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 0.98 and a beta of 0.74. The stock has a 50 day moving average price of $126.64 and a 200 day moving average price of $131.93.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Friday, August 1st. The company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.78 by $0.09. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the business earned $2.87 earnings per share. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Equities research analysts forecast that Ingredion Incorporated will post 11.14 earnings per share 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 given a dividend of $0.82 per share. The ex-dividend date is Wednesday, October 1st. This is a positive change from Ingredion’s previous quarterly dividend of $0.80. This represents a $3.28 annualized dividend and a dividend yield of 2.7%. Ingredion’s dividend payout ratio (DPR) is presently 31.22%.

Insiders Place Their Bets

In other Ingredion news, CEO James P. Zallie sold 36,287 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was 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 of the company’s stock, valued at approximately $6,342,321.08. The trade was a 41.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Larry Fernandes sold 850 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $128.39, for a total value of $109,131.50. Following the transaction, the senior vice president directly owned 31,171 shares in the company, valued at $4,002,044.69. This trade represents a 2.65% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Ingredion 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.