QRG Capital Management Inc. Has $676,000 Holdings in Ingredion Incorporated $INGR

QRG Capital Management Inc. trimmed its holdings in Ingredion Incorporated (NYSE:INGR) by 63.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,539 shares of the company’s stock after selling 9,626 shares during the period. QRG Capital Management Inc.’s holdings in Ingredion were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in INGR. Hantz Financial Services Inc. increased its stake in 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 acquiring an additional 227 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Ingredion in the second quarter worth $40,000. SJS Investment Consulting Inc. raised its stake in Ingredion by 4,000.0% in the third quarter. SJS Investment Consulting Inc. now owns 410 shares of the company’s stock valued at $50,000 after purchasing an additional 400 shares in the last quarter. Whittier Trust Co. bought a new stake in Ingredion during the second quarter worth about $53,000. Finally, True Wealth Design LLC grew its stake in Ingredion by 500.0% during the third quarter. True Wealth Design LLC now owns 444 shares of the company’s stock worth $54,000 after buying an additional 370 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors.

Ingredion Stock Up 0.5%

Shares of NYSE:INGR opened at $115.53 on Thursday. Ingredion Incorporated has a 52-week low of $102.31 and a 52-week high of $141.78. The company has a market capitalization of $7.34 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 0.92 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.79 and a current ratio of 2.75. The company has a fifty day moving average of $110.35 and a 200-day moving average of $119.60.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $0.02. Ingredion had a return on equity of 18.14% and a net margin of 9.07%.The business 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. On average, equities analysts predict that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Dividend Announcement

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

Analyst Ratings Changes

INGR has been the subject of a number of recent analyst reports. Barclays reaffirmed an “equal weight” rating and set a $124.00 price target (down previously from $168.00) on shares of Ingredion in a report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 29th. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. UBS Group lowered their price target on Ingredion from $130.00 to $119.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Finally, Wall Street Zen raised Ingredion from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ingredion presently has an average rating of “Hold” and an average target price of $124.33.

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.