Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in Ingredion Incorporated $INGR

Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Ingredion Incorporated (NYSE:INGR) by 8.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 85,741 shares of the company’s stock after buying an additional 6,453 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.13% of Ingredion worth $11,628,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of INGR. CWM LLC lifted its position in Ingredion by 25.2% during the first quarter. CWM LLC now owns 2,229 shares of the company’s stock valued at $301,000 after acquiring an additional 448 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Ingredion by 76.9% during the 1st quarter. IFP Advisors Inc now owns 2,868 shares of the company’s stock valued at $388,000 after purchasing an additional 1,247 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Ingredion in the 1st quarter worth $32,000. J. W. Coons Advisors LLC increased its position in Ingredion by 6.9% during the 1st quarter. J. W. Coons Advisors LLC now owns 1,918 shares of the company’s stock valued at $259,000 after buying an additional 123 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Ingredion by 13.3% during the 1st quarter. Assetmark Inc. now owns 576,846 shares of the company’s stock valued at $77,995,000 after purchasing an additional 67,494 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 equities research analysts have recently commented on the stock. BMO Capital Markets lowered their price objective on shares of Ingredion from $143.00 to $123.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Oppenheimer set a $136.00 price target on Ingredion in a research note on Wednesday, October 22nd. Wall Street Zen lowered Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Stephens decreased their target price on Ingredion from $140.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Finally, Weiss Ratings downgraded shares of Ingredion from a “buy (b)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $124.33.

Ingredion Stock Down 0.4%

INGR opened at $106.95 on Thursday. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41. Ingredion Incorporated has a twelve month low of $102.31 and a twelve month high of $150.00. The company has a market cap of $6.79 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 0.95 and a beta of 0.72. The company has a 50-day moving average price of $117.58 and a 200 day moving average price of $128.08.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, November 4th. The company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $0.02. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.90 billion. Ingredion had a net margin of 9.24% and a return on equity of 19.04%. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. Sell-side analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Wednesday, October 1st were paid a $0.82 dividend. This is a boost from Ingredion’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.1%. Ingredion’s dividend payout ratio is 32.70%.

About Ingredion

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.