Acadian Asset Management LLC Buys 71,305 Shares of Ingredion Incorporated $INGR

Acadian Asset Management LLC grew its position in shares of Ingredion Incorporated (NYSE:INGR) by 16.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 510,181 shares of the company’s stock after purchasing an additional 71,305 shares during the period. Acadian Asset Management LLC owned approximately 0.79% of Ingredion worth $69,176,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Brown Advisory Inc. increased its stake in shares of Ingredion by 8.4% in the first quarter. Brown Advisory Inc. now owns 2,318 shares of the company’s stock worth $313,000 after buying an additional 180 shares during the period. Axxcess Wealth Management LLC bought a new stake in Ingredion in the 1st quarter worth $256,000. Allworth Financial LP increased its position in shares of Ingredion by 63.7% in the first quarter. Allworth Financial LP now owns 1,477 shares of the company’s stock valued at $192,000 after acquiring an additional 575 shares during the period. CWM LLC increased its position in shares of Ingredion by 25.2% in the first quarter. CWM LLC now owns 2,229 shares of the company’s stock valued at $301,000 after acquiring an additional 448 shares during the period. Finally, Signaturefd LLC raised its stake in shares of Ingredion by 7.8% during the first quarter. Signaturefd LLC now owns 1,724 shares of the company’s stock valued at $233,000 after acquiring an additional 125 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Insider Buying and Selling at Ingredion

In other Ingredion news, CEO James P. Zallie sold 36,287 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $126.52, for a total value of $4,591,031.24. Following the completion of the sale, the chief executive officer owned 50,129 shares in the company, valued at approximately $6,342,321.08. This represents a 41.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.30% of the stock is currently owned by insiders.

Ingredion Price Performance

NYSE INGR opened at $108.53 on Monday. Ingredion Incorporated has a one year low of $102.31 and a one year high of $152.22. The stock has a 50-day moving average of $120.81 and a 200 day moving average of $129.39. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 2.78. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 0.95 and a beta of 0.72.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, November 4th. The company reported $2.75 EPS for the quarter, topping 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 net margin of 9.24% and a return on equity of 19.04%. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. On average, sell-side analysts forecast that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Wednesday, October 1st were given a $0.82 dividend. The ex-dividend date was Wednesday, October 1st. This is an increase from Ingredion’s previous quarterly dividend of $0.80. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.0%. Ingredion’s dividend payout ratio (DPR) is currently 32.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on INGR shares. Wall Street Zen lowered Ingredion from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Oppenheimer set a $136.00 price target on Ingredion in a research note on Wednesday, October 22nd. Zacks Research cut shares of Ingredion from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Industrial Alliance Securities set a $124.00 price objective on shares of Ingredion in a research report on Thursday. Finally, UBS Group decreased their price objective on shares of Ingredion from $130.00 to $119.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ingredion presently has an average rating of “Hold” and an average target price of $124.33.

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.