OLD Second National Bank of Aurora Has $47,000 Position in Ingredion Incorporated $INGR

OLD Second National Bank of Aurora cut its holdings in Ingredion Incorporated (NYSE:INGR) by 95.9% during the first quarter, HoldingsChannel reports. The firm owned 413 shares of the company’s stock after selling 9,578 shares during the period. OLD Second National Bank of Aurora’s holdings in Ingredion were worth $47,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Ingredion by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock valued at $825,556,000 after purchasing an additional 208,606 shares during the period. Dimensional Fund Advisors LP grew its holdings in Ingredion by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,939,536 shares of the company’s stock valued at $324,118,000 after buying an additional 177,134 shares during the last quarter. First Trust Advisors LP increased its position in Ingredion by 90.9% in the 4th quarter. First Trust Advisors LP now owns 1,994,825 shares of the company’s stock worth $219,949,000 after buying an additional 950,006 shares during the period. AQR Capital Management LLC increased its position in Ingredion by 53.3% in the 4th quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock worth $201,337,000 after buying an additional 634,900 shares during the period. Finally, Snyder Capital Management L P lifted its holdings in shares of Ingredion by 4.4% during the fourth quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company’s stock worth $152,355,000 after buying an additional 57,928 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on INGR. Barclays reduced their price objective on Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Benchmark reiterated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Oppenheimer downgraded shares of Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Zacks Research lowered shares of Ingredion from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ingredion currently has a consensus rating of “Hold” and an average price target of $122.43.

Ingredion Price Performance

Shares of INGR stock opened at $97.47 on Friday. Ingredion Incorporated has a 12 month low of $96.56 and a 12 month high of $138.40. The company has a market capitalization of $6.15 billion, a P/E ratio of 9.39, a P/E/G ratio of 0.81 and a beta of 0.60. The stock has a 50 day moving average of $104.26 and a two-hundred day moving average of $110.48. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40.

Ingredion (NYSE:INGR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.97 earnings per share. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, equities analysts expect that Ingredion Incorporated will post 10.88 EPS for the current year.

Ingredion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Ingredion’s payout ratio is 31.60%.

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.