BNP Paribas Financial Markets Purchases 147,871 Shares of Ingredion Incorporated $INGR

Key Points

• BNP Paribas Financial Markets sharply increased its Ingredion stake in the fourth quarter, buying 147,871 additional shares and lifting its holdings to 163,345 shares worth about $18 million.
• Wall Street’s view on Ingredion is mixed: the stock currently has a Hold consensus rating, with a consensus price target of $122.43 after several brokers trimmed or maintained targets.
• Ingredion recently reported Q1 earnings of $2.34 per share, missing estimates, while revenue matched expectations at $1.79 billion; the company also declared a quarterly dividend of $0.82 per share.

BNP Paribas Financial Markets increased its stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 955.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 163,345 shares of the company's stock after buying an additional 147,871 shares during the period. BNP Paribas Financial Markets owned 0.26% of Ingredion worth $18,010,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Ingredion by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company's stock worth $825,556,000 after buying an additional 208,606 shares during the period. Dimensional Fund Advisors LP raised its stake in Ingredion by 4.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,762,402 shares of the company's stock worth $337,311,000 after purchasing an additional 114,521 shares in the last quarter. Snyder Capital Management L P raised its stake in Ingredion by 22.0% in the 3rd quarter. Snyder Capital Management L P now owns 1,323,847 shares of the company's stock worth $161,655,000 after purchasing an additional 238,420 shares in the last quarter. Cooke & Bieler LP raised its stake in Ingredion by 33.6% in the 4th quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company's stock worth $133,101,000 after purchasing an additional 303,807 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Ingredion by 143.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company's stock worth $144,685,000 after purchasing an additional 701,063 shares in the last quarter. Institutional investors own 85.27% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on INGR. UBS Group reiterated a "neutral" rating and issued a $114.00 price objective on shares of Ingredion in a research note on Thursday, May 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of Ingredion in a research note on Friday, March 27th. Benchmark began coverage on shares of Ingredion in a research note on Tuesday, March 17th. They issued a "buy" rating and a $130.00 price objective for the company. Barclays dropped their price objective on shares of Ingredion from $128.00 to $120.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 6th. Finally, Oppenheimer dropped their price objective on shares of Ingredion from $130.00 to $126.00 and set an "outperform" rating for the company in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $122.43.

Ingredion Price Performance

Shares of NYSE:INGR opened at $100.11 on Friday. The firm has a 50 day moving average of $108.36 and a 200-day moving average of $111.33. The stock has a market capitalization of $6.31 billion, a PE ratio of 9.64, a PEG ratio of 0.84 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. Ingredion Incorporated has a 12 month low of $98.29 and a 12 month high of $140.47.

Ingredion (NYSE:INGR - Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $2.34 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.10). The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. Ingredion's quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.97 earnings per share. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. On average, equities research analysts predict that Ingredion Incorporated will post 10.88 EPS for the current fiscal year.

Ingredion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.28 annualized dividend and a dividend yield of 3.3%. Ingredion's payout ratio is 31.60%.

Insider Activity

In related news, VP Davida Marie Gable sold 375 shares of Ingredion stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total transaction of $42,165.00. Following the sale, the vice president directly owned 7,110 shares of the company's stock, valued at approximately $799,448.40. The trade was a 5.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.60% of the company's stock.

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.

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