Ingredion Incorporated $INGR Shares Bought by Vest Financial LLC

Vest Financial LLC grew its position in shares of Ingredion Incorporated (NYSE:INGR) by 24.7% during the third quarter, HoldingsChannel reports. The firm owned 38,602 shares of the company’s stock after buying an additional 7,645 shares during the period. Vest Financial LLC’s holdings in Ingredion were worth $4,714,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. WPG Advisers LLC grew its holdings in Ingredion by 100.8% during the 3rd quarter. WPG Advisers LLC now owns 245 shares of the company’s stock valued at $30,000 after purchasing an additional 123 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Ingredion by 810.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $35,000 after buying an additional 227 shares in the last quarter. Root Financial Partners LLC purchased a new position in Ingredion in the 3rd quarter valued at about $36,000. Ameritas Advisory Services LLC acquired a new stake in shares of Ingredion during the second quarter valued at about $40,000. Finally, SJS Investment Consulting Inc. increased its position in shares of Ingredion by 4,000.0% during the third quarter. SJS Investment Consulting Inc. now owns 410 shares of the company’s stock worth $50,000 after acquiring an additional 400 shares during the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on INGR. Barclays reissued an “equal weight” rating and issued a $124.00 price target (down previously from $168.00) on shares of Ingredion in a report on Thursday, November 6th. Oppenheimer set a $136.00 price target on shares of Ingredion in a research report on Wednesday, October 22nd. UBS Group dropped their price target on shares of Ingredion from $130.00 to $119.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Wall Street Zen upgraded shares of Ingredion from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Ingredion presently has an average rating of “Hold” and a consensus price target of $124.33.

Ingredion Stock Performance

INGR stock opened at $115.53 on Thursday. The stock’s 50 day simple moving average is $110.35 and its 200 day simple moving average is $119.60. Ingredion Incorporated has a 12-month low of $102.31 and a 12-month high of $141.78. The firm has a market cap of $7.34 billion, a P/E ratio of 11.52, a P/E/G ratio of 0.92 and a beta of 0.72. The company has a current ratio of 2.75, a quick ratio of 1.79 and a debt-to-equity ratio of 0.41.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, November 4th. The company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.73 by $0.02. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates 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 predict that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 2nd were paid a dividend of $0.82 per share. The ex-dividend date was Friday, January 2nd. This represents a $3.28 annualized dividend and a yield of 2.8%. Ingredion’s dividend 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.