Hsbc Holdings PLC Sells 18,852 Shares of Ingredion Incorporated $INGR

Hsbc Holdings PLC decreased its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 52.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,218 shares of the company’s stock after selling 18,852 shares during the quarter. Hsbc Holdings PLC’s holdings in Ingredion were worth $1,904,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of INGR. International Assets Investment Management LLC acquired a new stake in Ingredion during the 4th quarter worth $30,000. Los Angeles Capital Management LLC acquired a new position in shares of Ingredion in the 4th quarter valued at $36,000. Capital Advisors Ltd. LLC lifted its stake in shares of Ingredion by 40.5% in the 4th quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock valued at $39,000 after purchasing an additional 102 shares during the period. Ares Financial Consulting LLC bought a new position in shares of Ingredion in the 4th quarter worth $46,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Ingredion by 166.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 381 shares of the company’s stock worth $47,000 after purchasing an additional 238 shares during the last quarter. 85.27% of the stock is owned by institutional investors.

Ingredion Trading Up 1.2%

NYSE:INGR traded up $1.19 on Friday, reaching $98.68. The company’s stock had a trading volume of 513,461 shares, compared to its average volume of 1,082,204. Ingredion Incorporated has a 1-year low of $94.44 and a 1-year high of $137.29. The business’s 50-day moving average price is $101.07 and its two-hundred day moving average price is $109.56. The firm has a market cap of $6.22 billion, a PE ratio of 9.51, a PEG ratio of 0.83 and a beta of 0.62. 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 released 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 return on equity of 15.86% and a net margin of 9.36%.The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the business earned $2.97 EPS. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Equities research analysts anticipate that Ingredion Incorporated will post 10.88 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The business 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 dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, July 1st. Ingredion’s dividend payout ratio (DPR) is 31.60%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. UBS Group reiterated a “neutral” rating and issued a $114.00 price objective on shares of Ingredion in a report on Thursday, May 7th. Benchmark restated a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. Zacks Research cut Ingredion from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Finally, Oppenheimer downgraded shares of Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $122.43.

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.