First Eagle Investment Management LLC Has $10.52 Million Position in Ingredion Incorporated $INGR

First Eagle Investment Management LLC cut its stake in Ingredion Incorporated (NYSE:INGR) by 16.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,550 shares of the company’s stock after selling 15,451 shares during the period. First Eagle Investment Management LLC owned approximately 0.12% of Ingredion worth $10,517,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Ingredion in the first quarter worth $32,000. Hantz Financial Services Inc. grew its stake in Ingredion by 810.7% during the second 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. Migdal Insurance & Financial Holdings Ltd. grew its stake in Ingredion by 40.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company’s stock worth $38,000 after buying an additional 80 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Ingredion in the 2nd quarter valued at about $40,000. Finally, Costello Asset Management INC acquired a new position in shares of Ingredion in the 1st quarter valued at approximately $41,000. 85.27% of the stock is owned by institutional investors and hedge funds.

Ingredion Stock Up 2.0%

Shares of NYSE:INGR opened at $108.53 on Friday. Ingredion Incorporated has a 52-week low of $102.31 and a 52-week high of $152.22. The company has a market capitalization of $6.97 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 0.95 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 2.78. The company has a fifty day moving average of $120.81 and a 200-day moving average of $129.41.

Ingredion (NYSE:INGR) last released its quarterly earnings data 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 company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.90 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.0%. This is an increase from Ingredion’s previous quarterly dividend of $0.80. The ex-dividend date was Wednesday, October 1st. Ingredion’s dividend payout ratio (DPR) is presently 32.70%.

Insider Activity

In related news, CEO James P. Zallie sold 36,287 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $126.52, for a total value of $4,591,031.24. Following the completion of the transaction, the chief executive officer owned 50,129 shares in the company, valued at $6,342,321.08. This trade represents a 41.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on INGR shares. Industrial Alliance Securities set a $124.00 price target on shares of Ingredion in a research report on Thursday. BMO Capital Markets cut their target price on Ingredion from $143.00 to $123.00 and set a “market perform” rating for the company in a research note on Wednesday. Oppenheimer set a $136.00 target price on Ingredion in a research note on Wednesday, October 22nd. Zacks Research lowered Ingredion from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings cut Ingredion from a “buy (b)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $124.33.

Ingredion 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.