Assenagon Asset Management S.A. Has $3.35 Million Holdings in Ingredion Incorporated $INGR

Assenagon Asset Management S.A. increased its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 25.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,335 shares of the company’s stock after acquiring an additional 6,060 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Ingredion were worth $3,345,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of INGR. Fulton Bank N.A. grew its position in Ingredion by 8.9% during the fourth quarter. Fulton Bank N.A. now owns 1,950 shares of the company’s stock worth $215,000 after buying an additional 160 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Ingredion by 22.5% during the 4th quarter. True Wealth Design LLC now owns 544 shares of the company’s stock valued at $60,000 after acquiring an additional 100 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Ingredion by 21.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,953 shares of the company’s stock worth $3,122,000 after purchasing an additional 4,895 shares in the last quarter. Avior Wealth Management LLC grew its holdings in shares of Ingredion by 23.5% during the 4th quarter. Avior Wealth Management LLC now owns 5,200 shares of the company’s stock worth $573,000 after purchasing an additional 990 shares in the last quarter. Finally, Martin Capital Partners LLC increased its position in shares of Ingredion by 5.4% in the fourth quarter. Martin Capital Partners LLC now owns 5,124 shares of the company’s stock worth $565,000 after purchasing an additional 264 shares during the period. Institutional investors own 85.27% of the company’s stock.

Insider Buying and Selling at Ingredion

In related news, CEO James P. Zallie sold 33,597 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $119.66, for a total value of $4,020,217.02. Following the sale, the chief executive officer owned 50,167 shares of the company’s stock, valued at $6,002,983.22. The trade was a 40.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Larry Fernandes sold 3,630 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $118.40, for a total value of $429,792.00. Following the completion of the sale, the senior vice president owned 32,055 shares of the company’s stock, valued at $3,795,312. The trade was a 10.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 48,685 shares of company stock worth $5,783,898. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on INGR. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Stephens restated an “equal weight” rating and issued a $120.00 target price on shares of Ingredion in a research report on Wednesday, February 4th. Benchmark assumed coverage on shares of Ingredion in a report on Tuesday, March 17th. They set a “buy” rating and a $130.00 price target for the company. Wall Street Zen cut shares of Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, UBS Group boosted their price objective on shares of Ingredion from $119.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $126.43.

Ingredion Trading Down 0.0%

Shares of INGR stock opened at $112.06 on Monday. Ingredion Incorporated has a twelve month low of $102.31 and a twelve month high of $141.78. The stock’s fifty day simple moving average is $115.39 and its 200 day simple moving average is $114.67. The company has a quick ratio of 1.73, a current ratio of 2.66 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $7.05 billion, a P/E ratio of 10.04, a P/E/G ratio of 0.88 and a beta of 0.69.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $2.53 EPS for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). Ingredion had a net margin of 10.10% and a return on equity of 17.32%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the business posted $2.63 earnings per share. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, sell-side analysts predict that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, April 1st. Ingredion’s payout ratio is presently 29.39%.

Ingredion Company 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.