BCS Private Wealth Management Inc. Cuts Stock Position in Ingredion Incorporated $INGR

BCS Private Wealth Management Inc. decreased its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 79.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,896 shares of the company’s stock after selling 7,150 shares during the quarter. BCS Private Wealth Management Inc.’s holdings in Ingredion were worth $232,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vista Investment Management lifted its holdings in shares of Ingredion by 0.8% in the 2nd quarter. Vista Investment Management now owns 10,789 shares of the company’s stock valued at $1,463,000 after acquiring an additional 89 shares during the last quarter. Teza Capital Management LLC raised its holdings in Ingredion by 4.2% during the 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock valued at $309,000 after buying an additional 92 shares during the period. Amalgamated Bank raised its holdings in Ingredion by 0.3% during the 2nd quarter. Amalgamated Bank now owns 30,187 shares of the company’s stock valued at $4,094,000 after buying an additional 93 shares during the period. State of Michigan Retirement System lifted its position in Ingredion by 0.6% in the second quarter. State of Michigan Retirement System now owns 15,488 shares of the company’s stock worth $2,100,000 after buying an additional 100 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in Ingredion by 3.7% during the second quarter. ProShare Advisors LLC now owns 2,851 shares of the company’s stock worth $387,000 after buying an additional 103 shares during the period. Institutional investors own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on INGR. Wall Street Zen raised shares of Ingredion from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Barclays reiterated an “equal weight” rating and set a $124.00 target price (down from $168.00) on shares of Ingredion in a research report on Thursday, November 6th. Stephens cut their price target on shares of Ingredion from $140.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. UBS Group reduced their price target on shares of Ingredion from $130.00 to $119.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $124.33.

Ingredion Stock Up 2.6%

NYSE:INGR opened at $116.01 on Thursday. Ingredion Incorporated has a 1-year low of $102.31 and a 1-year high of $141.78. The firm has a market capitalization of $7.37 billion, a P/E ratio of 11.57, a PEG ratio of 0.90 and a beta of 0.72. The company’s fifty day moving average price is $109.60 and its 200-day moving average price is $120.35. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.75 and a quick ratio of 1.79.

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

Ingredion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Friday, January 2nd will be paid a $0.82 dividend. The ex-dividend date is Friday, January 2nd. This represents a $3.28 annualized dividend and a dividend yield of 2.8%. Ingredion’s payout ratio 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.