Nisa Investment Advisors LLC Has $5.93 Million Holdings in Ingredion Incorporated $INGR

Nisa Investment Advisors LLC lifted its position in shares of Ingredion Incorporated (NYSE:INGR) by 1.0% in the second quarter, HoldingsChannel.com reports. The fund owned 43,727 shares of the company’s stock after buying an additional 438 shares during the period. Nisa Investment Advisors LLC’s holdings in Ingredion were worth $5,930,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH raised its holdings in shares of Ingredion by 42.9% during the 1st quarter. Allianz Asset Management GmbH now owns 1,204,347 shares of the company’s stock worth $162,840,000 after buying an additional 361,584 shares in the last quarter. Millennium Management LLC raised its stake in Ingredion by 1,093.5% during the first quarter. Millennium Management LLC now owns 365,693 shares of the company’s stock worth $49,445,000 after acquiring an additional 335,052 shares in the last quarter. Nordea Investment Management AB raised its stake in Ingredion by 66.3% during the second quarter. Nordea Investment Management AB now owns 722,933 shares of the company’s stock worth $97,531,000 after acquiring an additional 288,201 shares in the last quarter. Northern Trust Corp increased its position in Ingredion by 37.0% during the 1st quarter. Northern Trust Corp now owns 982,789 shares of the company’s stock worth $132,883,000 after purchasing an additional 265,263 shares in the last quarter. Finally, Boston Partners increased its position in Ingredion by 333.9% during the 1st quarter. Boston Partners now owns 273,851 shares of the company’s stock worth $36,868,000 after purchasing an additional 210,737 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ingredion

In related news, SVP Larry Fernandes sold 850 shares of Ingredion stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $128.39, for a total transaction of $109,131.50. Following the transaction, the senior vice president owned 31,171 shares of the company’s stock, valued at $4,002,044.69. The trade was a 2.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James P. Zallie sold 36,287 shares of Ingredion stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $126.52, for a total transaction of $4,591,031.24. Following the transaction, the chief executive officer directly owned 50,129 shares in the company, valued at $6,342,321.08. This represents a 41.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 37,137 shares of company stock worth $4,700,163. 1.80% of the stock is owned by insiders.

Ingredion Trading Up 0.2%

NYSE INGR opened at $117.73 on Wednesday. The business has a 50 day simple moving average of $123.55 and a 200 day simple moving average of $130.43. Ingredion Incorporated has a one year low of $116.81 and a one year high of $155.44. The stock has a market capitalization of $7.56 billion, a P/E ratio of 11.49, a P/E/G ratio of 0.96 and a beta of 0.74. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.78 and a quick ratio of 1.81.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.09. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Ingredion had a net margin of 9.24% and a return on equity of 19.04%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the company posted $2.87 earnings per share. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Research analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.82 per share. This is an increase from Ingredion’s previous quarterly dividend of $0.80. The ex-dividend date was Wednesday, October 1st. This represents a $3.28 dividend on an annualized basis and a yield of 2.8%. Ingredion’s dividend payout ratio (DPR) is presently 32.00%.

Wall Street Analysts Forecast Growth

INGR has been the subject of several research analyst reports. Oppenheimer set a $136.00 price target on shares of Ingredion in a report on Wednesday, October 22nd. UBS Group lowered their target price on Ingredion from $144.00 to $130.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Wall Street Zen raised Ingredion from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Weiss Ratings downgraded Ingredion from a “buy (b)” rating to a “hold (c+)” rating in a research note on Saturday. Finally, Zacks Research downgraded Ingredion from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $143.40.

Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.