Y Intercept Hong Kong Ltd Raises Position in Ingredion Incorporated $INGR

Y Intercept Hong Kong Ltd raised its position in shares of Ingredion Incorporated (NYSE:INGR) by 783.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,264 shares of the company’s stock after acquiring an additional 33,046 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.06% of Ingredion worth $4,198,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC boosted its position in shares of Ingredion by 4.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,221 shares of the company’s stock valued at $250,000 after purchasing an additional 88 shares in the last quarter. Vista Investment Management lifted its position in Ingredion by 0.8% during the second quarter. Vista Investment Management now owns 10,789 shares of the company’s stock valued at $1,463,000 after buying an additional 89 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Ingredion by 0.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 25,293 shares of the company’s stock valued at $2,789,000 after buying an additional 91 shares in the last quarter. Teza Capital Management LLC grew its position in shares of Ingredion by 4.2% in the 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock worth $309,000 after buying an additional 92 shares during the period. Finally, Murphy Pohlad Asset Management LLC increased its stake in shares of Ingredion by 1.2% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 8,340 shares of the company’s stock worth $920,000 after acquiring an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on INGR. UBS Group reissued a “neutral” rating and set a $114.00 price objective on shares of Ingredion in a research note on Thursday, May 7th. Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research report on Wednesday, June 24th. Barclays lowered their price objective on Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Finally, Zacks Research downgraded Ingredion from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $122.43.

Ingredion Trading Down 0.1%

Shares of NYSE INGR opened at $97.57 on Monday. The firm’s 50 day moving average price is $102.49 and its 200-day moving average price is $110.01. The company has a market cap of $6.15 billion, a PE ratio of 9.40, a P/E/G ratio of 0.82 and a beta of 0.62. Ingredion Incorporated has a 52-week low of $94.44 and a 52-week high of $138.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 2.76.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the company earned $2.97 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. On average, equities research analysts expect that Ingredion Incorporated will post 10.88 EPS for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be issued a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.4%. Ingredion’s dividend payout ratio (DPR) is presently 31.60%.

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.