Cwm LLC Has $3.36 Million Stock Position in Ingredion Incorporated $INGR

Cwm LLC lifted its position in Ingredion Incorporated (NYSE:INGR) by 952.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,478 shares of the company’s stock after acquiring an additional 24,868 shares during the period. Cwm LLC’s holdings in Ingredion were worth $3,355,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of INGR. Acadian Asset Management LLC grew its holdings in shares of Ingredion by 16.2% during the 2nd quarter. Acadian Asset Management LLC now owns 510,181 shares of the company’s stock valued at $69,176,000 after acquiring an additional 71,305 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Ingredion by 66.3% in the 2nd quarter. Nordea Investment Management AB now owns 722,933 shares of the company’s stock valued at $97,531,000 after acquiring an additional 288,201 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Ingredion in the second quarter valued at approximately $572,000. American Century Companies Inc. raised its holdings in Ingredion by 30.1% in the 2nd quarter. American Century Companies Inc. now owns 322,995 shares of the company’s stock worth $43,805,000 after acquiring an additional 74,662 shares during the period. Finally, CSM Advisors LLC acquired a new position in shares of Ingredion during the 2nd quarter worth about $734,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays reaffirmed an “equal weight” rating and set a $124.00 price objective (down previously from $168.00) on shares of Ingredion in a research report on Thursday, November 6th. UBS Group cut their price objective on Ingredion from $130.00 to $119.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Oppenheimer set a $136.00 target price on Ingredion in a report on Wednesday, October 22nd. BMO Capital Markets decreased their price objective on shares of Ingredion from $143.00 to $123.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. Finally, Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $124.33.

Ingredion Stock Down 0.8%

NYSE:INGR opened at $110.25 on Friday. The stock has a 50-day moving average price of $109.97 and a two-hundred day moving average price of $122.00. Ingredion Incorporated has a 1 year low of $102.31 and a 1 year high of $141.78. The company has a current ratio of 2.75, a quick ratio of 1.79 and a debt-to-equity ratio of 0.41. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 0.90 and a beta of 0.72.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.73 by $0.02. Ingredion had a net margin of 9.07% and a return on equity of 18.14%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.90 billion. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. As a group, equities analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Friday, January 2nd will be issued a $0.82 dividend. The ex-dividend date is Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.0%. Ingredion’s dividend payout ratio (DPR) is 32.70%.

About Ingredion

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.