Ingredion Incorporated $INGR Stake Boosted by Cooke & Bieler LP

Cooke & Bieler LP raised its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 16.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 903,346 shares of the company’s stock after purchasing an additional 124,517 shares during the period. Cooke & Bieler LP owned about 1.41% of Ingredion worth $110,308,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank bought a new position in Ingredion during the 2nd quarter worth $82,779,000. Nordea Investment Management AB grew its position in shares of Ingredion by 66.3% during the second quarter. Nordea Investment Management AB now owns 722,933 shares of the company’s stock worth $97,531,000 after acquiring an additional 288,201 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Ingredion in the 2nd quarter worth about $25,334,000. Boston Trust Walden Corp increased its holdings in shares of Ingredion by 6,843.0% in the 3rd quarter. Boston Trust Walden Corp now owns 136,915 shares of the company’s stock worth $16,719,000 after acquiring an additional 134,943 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in Ingredion by 10.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,340,015 shares of the company’s stock valued at $181,733,000 after purchasing an additional 121,387 shares during the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INGR has been the topic of several analyst reports. UBS Group lowered their target price on Ingredion from $130.00 to $119.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a report on Monday, December 29th. Oppenheimer set a $136.00 target price on shares of Ingredion in a research report on Wednesday, October 22nd. Finally, Industrial Alliance Securities set a $124.00 price target on shares of Ingredion in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $124.33.

Ingredion Price Performance

Shares of NYSE INGR opened at $116.73 on Monday. Ingredion Incorporated has a twelve month low of $102.31 and a twelve month 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 firm has a 50-day moving average of $110.69 and a two-hundred day moving average of $119.19. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 0.93 and a beta of 0.72.

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

Ingredion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Friday, January 2nd were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, January 2nd. Ingredion’s dividend payout ratio is 32.70%.

Ingredion Profile

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.