Ingredion Incorporated $INGR Shares Sold by Bank of New Hampshire

Bank of New Hampshire cut its holdings in Ingredion Incorporated (NYSE:INGR) by 67.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,919 shares of the company’s stock after selling 12,141 shares during the quarter. Bank of New Hampshire’s holdings in Ingredion were worth $723,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its stake in shares of Ingredion by 810.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $35,000 after purchasing an additional 227 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Ingredion during the second quarter worth about $40,000. Ransom Advisory Ltd acquired a new position in Ingredion during the first quarter worth about $41,000. Bell Investment Advisors Inc increased its holdings in Ingredion by 41.2% in the first quarter. Bell Investment Advisors Inc now owns 346 shares of the company’s stock valued at $47,000 after buying an additional 101 shares in the last quarter. Finally, Whittier Trust Co. acquired a new stake in shares of Ingredion during the 2nd quarter valued at approximately $53,000. Institutional investors and hedge funds own 85.27% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. UBS Group lowered their target price on Ingredion from $130.00 to $119.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Zacks Research cut shares of Ingredion from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Stephens dropped their target price on shares of Ingredion from $140.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Barclays reaffirmed an “equal weight” rating and issued a $124.00 price target (down previously from $168.00) on shares of Ingredion in a report on Thursday, November 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $124.33.

Ingredion Stock Performance

NYSE INGR opened at $112.79 on Tuesday. The business’s 50-day moving average price is $112.42 and its 200 day moving average price is $124.27. The company has a current ratio of 2.75, a quick ratio of 1.79 and a debt-to-equity ratio of 0.41. Ingredion Incorporated has a twelve month low of $102.31 and a twelve month high of $144.66. The company has a market capitalization of $7.17 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 0.91 and a beta of 0.72.

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

Ingredion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Friday, January 2nd will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.28 annualized dividend and a dividend yield of 2.9%. Ingredion’s payout ratio is currently 32.70%.

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.