Yorktown Management & Research Co Inc Invests $346,000 in Ingredion Incorporated $INGR

Yorktown Management & Research Co Inc acquired a new position in shares of Ingredion Incorporated (NYSE:INGR) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 2,550 shares of the company’s stock, valued at approximately $346,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Ingredion by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,755,683 shares of the company’s stock valued at $372,594,000 after purchasing an additional 177,387 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Ingredion by 1.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,218,628 shares of the company’s stock valued at $164,771,000 after buying an additional 22,333 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Ingredion by 42.9% during the first quarter. Allianz Asset Management GmbH now owns 1,204,347 shares of the company’s stock worth $162,840,000 after acquiring an additional 361,584 shares during the period. Northern Trust Corp raised its position in Ingredion by 37.0% in the first quarter. Northern Trust Corp now owns 982,789 shares of the company’s stock worth $132,883,000 after acquiring an additional 265,263 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Ingredion by 6.7% in the first quarter. Bank of New York Mellon Corp now owns 727,365 shares of the company’s stock worth $98,347,000 after acquiring an additional 45,631 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Price Performance

Shares of NYSE:INGR opened at $117.73 on Wednesday. Ingredion Incorporated has a one year low of $116.81 and a one year high of $155.44. The stock has a fifty day moving average of $123.55 and a 200-day moving average of $130.43. The company has a market capitalization of $7.56 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 0.96 and a beta of 0.74. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 2.78.

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

Ingredion Increases Dividend

The company also recently announced 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 of this dividend was Wednesday, October 1st. This represents a $3.28 annualized dividend and a yield of 2.8%. Ingredion’s dividend payout ratio (DPR) is presently 32.00%.

Insider Buying and Selling at Ingredion

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

Wall Street Analyst Weigh In

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

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.