Aster Capital Management DIFC Ltd Makes New Investment in Ingredion Incorporated $INGR

Aster Capital Management DIFC Ltd bought a new position in shares of Ingredion Incorporated (NYSE:INGR) in the fourth quarter, Holdings Channel.com reports. The firm bought 4,943 shares of the company’s stock, valued at approximately $545,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in INGR. Integrated Wealth Concepts LLC boosted its position in Ingredion by 32.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company’s stock worth $281,000 after purchasing an additional 514 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Ingredion by 63.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,694 shares of the company’s stock valued at $499,000 after purchasing an additional 1,440 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Ingredion by 9.0% in the first quarter. NewEdge Advisors LLC now owns 9,687 shares of the company’s stock valued at $1,310,000 after purchasing an additional 797 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Ingredion by 5.5% in the first quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company’s stock valued at $13,712,000 after purchasing an additional 5,255 shares in the last quarter. Finally, Focus Partners Wealth grew its position in shares of Ingredion by 5.6% in the first quarter. Focus Partners Wealth now owns 3,636 shares of the company’s stock valued at $492,000 after purchasing an additional 192 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on INGR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a research report on Friday, March 27th. Benchmark reiterated a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Barclays lowered their price target on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Oppenheimer downgraded shares of Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Finally, UBS Group reissued a “neutral” rating and issued a $114.00 price target on shares of Ingredion in a report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $122.43.

Ingredion Trading Down 0.2%

Shares of Ingredion stock opened at $101.42 on Tuesday. Ingredion Incorporated has a 12-month low of $97.12 and a 12-month high of $140.47. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 0.85 and a beta of 0.60. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $107.06 and its 200-day moving average price is $111.12.

Ingredion (NYSE:INGR) last announced its quarterly earnings results 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). Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the previous year, the company posted $2.97 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. On average, equities analysts expect that Ingredion Incorporated will post 10.88 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, July 1st. Ingredion’s dividend payout ratio (DPR) is currently 31.60%.

Insiders Place Their Bets

In related news, VP Davida Marie Gable sold 375 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total value of $42,165.00. Following the sale, the vice president directly owned 7,110 shares of the company’s stock, valued at $799,448.40. This trade represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Ingredion Company 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.