Cwm LLC Grows Stake in Ingredion Incorporated $INGR

Cwm LLC raised its stake in Ingredion Incorporated (NYSE:INGR) by 17.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,610 shares of the company’s stock after acquiring an additional 381 shares during the period. Cwm LLC’s holdings in Ingredion were worth $354,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of INGR. Allianz Asset Management GmbH grew its stake in shares of Ingredion by 42.9% in the first quarter. Allianz Asset Management GmbH now owns 1,204,347 shares of the company’s stock worth $162,840,000 after acquiring an additional 361,584 shares during the last quarter. Millennium Management LLC boosted its position in shares of Ingredion by 1,093.5% during the first quarter. Millennium Management LLC now owns 365,693 shares of the company’s stock valued at $49,445,000 after buying an additional 335,052 shares during the last quarter. Northern Trust Corp boosted its position in shares of Ingredion by 37.0% during the first quarter. Northern Trust Corp now owns 982,789 shares of the company’s stock valued at $132,883,000 after buying an additional 265,263 shares during the last quarter. Boston Partners boosted its position in shares of Ingredion by 333.9% during the first quarter. Boston Partners now owns 273,851 shares of the company’s stock valued at $36,868,000 after buying an additional 210,737 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Ingredion by 766.7% during the first quarter. Deutsche Bank AG now owns 230,317 shares of the company’s stock valued at $31,141,000 after buying an additional 203,742 shares during the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on INGR shares. Weiss Ratings cut Ingredion from a “buy (b)” rating to a “hold (c+)” rating in a research report on Saturday. Wall Street Zen raised Ingredion from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Zacks Research cut Ingredion from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Oppenheimer set a $136.00 price objective on Ingredion in a research report on Wednesday. Finally, UBS Group dropped their price objective on Ingredion from $144.00 to $130.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $143.40.

Insider Activity at Ingredion

In related news, SVP Larry Fernandes sold 850 shares of Ingredion stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $128.39, for a total transaction of $109,131.50. Following the sale, the senior vice president owned 31,171 shares of the company’s stock, valued at approximately $4,002,044.69. This trade represents a 2.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James P. Zallie sold 36,287 shares of Ingredion stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $126.52, for a total value of $4,591,031.24. Following the sale, the chief executive officer directly owned 50,129 shares in the company, valued at $6,342,321.08. This trade represents a 41.99% decrease in their position. 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 in the last three months. 2.30% of the stock is owned by corporate insiders.

Ingredion Stock Down 0.9%

NYSE INGR opened at $118.16 on Friday. The stock’s 50-day moving average price is $123.87 and its 200-day moving average price is $130.56. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41. Ingredion Incorporated has a 52 week low of $118.03 and a 52 week high of $155.44. The company has a market capitalization of $7.58 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 0.97 and a beta of 0.74.

Ingredion (NYSE:INGR) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the company earned $2.87 earnings per share. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. On average, equities research analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Wednesday, October 1st were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 2.8%. This is an increase from Ingredion’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Wednesday, October 1st. Ingredion’s dividend payout ratio is 32.00%.

About Ingredion

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.