Boston Partners Increases Stock Position in Ingredion Incorporated $INGR

Key Points

• Boston Partners increased its stake in Ingredion Incorporated by 333.9% in Q1, owning 273,851 shares valued at approximately $36.87 million as of their latest SEC filing.
• Ingredion reported a quarterly earnings per share (EPS) of $2.87, surpassing analysts' expectations of $2.78, despite a revenue decline of 2.4% year-over-year.
• The company announced a quarterly dividend of $0.80, representing an annual yield of 2.5%, with a dividend payout ratio of 31.22%.

Boston Partners increased its position in Ingredion Incorporated (NYSE:INGR - Free Report) by 333.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 273,851 shares of the company's stock after acquiring an additional 210,737 shares during the quarter. Boston Partners owned about 0.43% of Ingredion worth $36,868,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in INGR. Caisse DE Depot ET Placement DU Quebec grew its position in Ingredion by 327.2% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 531,413 shares of the company's stock worth $73,101,000 after buying an additional 407,027 shares in the last quarter. Allianz Asset Management GmbH raised its position in Ingredion by 42.9% during the 1st quarter. Allianz Asset Management GmbH now owns 1,204,347 shares of the company's stock valued at $162,840,000 after purchasing an additional 361,584 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Ingredion by 536.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 361,153 shares of the company's stock valued at $49,680,000 after purchasing an additional 304,421 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Ingredion in the 4th quarter worth approximately $31,752,000. Finally, Deutsche Bank AG raised its position in shares of Ingredion by 766.7% in the 1st quarter. Deutsche Bank AG now owns 230,317 shares of the company's stock worth $31,141,000 after acquiring an additional 203,742 shares in the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. UBS Group increased their target price on Ingredion from $149.00 to $151.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Wall Street Zen cut Ingredion from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Oppenheimer dropped their price target on Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $151.40.

Ingredion Stock Up 0.5%

NYSE:INGR traded up $0.5810 during trading hours on Wednesday, reaching $126.6610. The company's stock had a trading volume of 360,598 shares, compared to its average volume of 439,356. The company has a market capitalization of $8.13 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 1.01 and a beta of 0.71. Ingredion Incorporated has a 12 month low of $120.51 and a 12 month high of $155.44. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 2.78. The stock has a 50 day moving average price of $133.00 and a two-hundred day moving average price of $132.73.

Ingredion (NYSE:INGR - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.78 by $0.09. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.89 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The business's quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.87 earnings per share. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Equities analysts predict that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 1st were issued a $0.80 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $3.20 dividend on an annualized basis and a yield of 2.5%. Ingredion's dividend payout ratio is presently 31.22%.

Insider Transactions at Ingredion

In other news, CEO James P. Zallie sold 36,287 shares of Ingredion 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 completion of the sale, the chief executive officer directly owned 50,129 shares of the company's stock, valued at approximately $6,342,321.08. The trade was a 41.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Larry Fernandes sold 850 shares of Ingredion stock in a transaction on Monday, August 4th. The stock was sold at an average price of $128.39, for a total transaction of $109,131.50. Following the sale, the senior vice president owned 31,171 shares in the company, valued at $4,002,044.69. This represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,137 shares of company stock valued at $4,700,163. 2.30% of the stock is owned by insiders.

Ingredion Company Profile

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.