JPMorgan Chase & Co. Sells 31,410 Shares of Ingredion Incorporated $INGR

JPMorgan Chase & Co. trimmed its holdings in Ingredion Incorporated (NYSE:INGR) by 7.4% in the 3rd quarter, Holdings Channel reports. The fund owned 393,923 shares of the company’s stock after selling 31,410 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ingredion were worth $48,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in shares of Ingredion by 2.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,369,448 shares of the company’s stock valued at $167,223,000 after buying an additional 29,433 shares during the last quarter. Oxbow Advisors LLC bought a new position in Ingredion during the third quarter valued at about $2,784,000. Cooke & Bieler LP raised its holdings in Ingredion by 16.0% in the 3rd quarter. Cooke & Bieler LP now owns 903,346 shares of the company’s stock valued at $110,308,000 after acquiring an additional 124,517 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Ingredion by 16.2% in the 2nd quarter. Acadian Asset Management LLC now owns 510,181 shares of the company’s stock worth $69,176,000 after acquiring an additional 71,305 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Ingredion by 479.3% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 24,434 shares of the company’s stock worth $2,984,000 after purchasing an additional 20,216 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Insider Buying and Selling at Ingredion

In other Ingredion news, CEO James P. Zallie sold 33,597 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $119.66, for a total value of $4,020,217.02. Following the transaction, the chief executive officer directly owned 50,167 shares in the company, valued at approximately $6,002,983.22. This trade represents a 40.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Larry Fernandes sold 3,630 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $118.40, for a total value of $429,792.00. Following the sale, the senior vice president owned 32,055 shares of the company’s stock, valued at approximately $3,795,312. The trade was a 10.17% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 48,311 shares of company stock worth $5,741,840. Company insiders own 2.30% of the company’s stock.

Ingredion Trading Up 0.6%

Shares of INGR opened at $117.18 on Friday. The stock has a fifty day moving average price of $115.13 and a two-hundred day moving average price of $117.05. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 0.92 and a beta of 0.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.73 and a current ratio of 2.66. Ingredion Incorporated has a 52-week low of $102.31 and a 52-week high of $141.78.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $2.53 EPS for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). Ingredion had a return on equity of 17.32% and a net margin of 10.10%.The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the prior year, the company earned $2.63 EPS. The firm’s revenue was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Analysts predict that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 2nd were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, January 2nd. Ingredion’s payout ratio is 29.39%.

Analysts Set New Price Targets

A number of research analysts recently commented on INGR shares. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 29th. Wall Street Zen lowered shares of Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. BMO Capital Markets reaffirmed a “market perform” rating on shares of Ingredion in a report on Wednesday, February 4th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Stephens reissued an “equal weight” rating and issued a $120.00 price target on shares of Ingredion in a research report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Ingredion currently has a consensus rating of “Hold” and an average target price of $125.83.

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.