Ingredion Incorporated $INGR Shares Acquired by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in Ingredion Incorporated by 38.1% in the 1st quarter, owning approximately 0.68% of the company valued at $59 million.
• Ingredion reported a net margin of 9.24% and earnings per share of $2.87, exceeding analysts' estimates, while its revenue declined 2.4% year-over-year.
• The company announced a quarterly dividend increase to $0.82 per share, reflecting an annualized dividend yield of 2.6%.

AQR Capital Management LLC grew its holdings in Ingredion Incorporated (NYSE:INGR - Free Report) by 38.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 436,868 shares of the company's stock after purchasing an additional 120,524 shares during the quarter. AQR Capital Management LLC owned approximately 0.68% of Ingredion worth $59,069,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Alpine Bank Wealth Management acquired a new stake in shares of Ingredion in the first quarter valued at approximately $26,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Ingredion in the first quarter valued at approximately $32,000. Ameriflex Group Inc. acquired a new stake in shares of Ingredion in the fourth quarter valued at approximately $33,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Ingredion by 40.2% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company's stock valued at $38,000 after purchasing an additional 80 shares during the last quarter. Finally, Costello Asset Management INC acquired a new stake in shares of Ingredion in the first quarter valued at approximately $41,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Stock Up 0.3%

Shares of INGR opened at $128.36 on Friday. The firm has a market cap of $8.24 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.03 and a beta of 0.77. The company's fifty day moving average is $130.93 and its two-hundred day moving average is $132.83. Ingredion Incorporated has a fifty-two week low of $120.51 and a fifty-two week high of $155.44. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41.

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

Ingredion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Wednesday, October 1st will be issued a $0.82 dividend. This is a boost from Ingredion's previous quarterly dividend of $0.80. The ex-dividend date is Wednesday, October 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.6%. Ingredion's dividend payout ratio (DPR) is 31.22%.

Wall Street Analyst Weigh In

Several analysts have recently commented on INGR shares. Wall Street Zen lowered shares of Ingredion from a "buy" rating to a "hold" rating in a research report on Friday. UBS Group raised their target price on shares of Ingredion from $149.00 to $151.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $151.40.

Insiders Place Their Bets

In other Ingredion 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 value of $4,591,031.24. Following the transaction, the chief executive officer owned 50,129 shares in the company, valued at $6,342,321.08. This trade represents a 41.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Larry Fernandes sold 850 shares of Ingredion 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 transaction, the senior vice president owned 31,171 shares in the company, valued at $4,002,044.69. The trade was a 2.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,137 shares of company stock worth $4,700,163. 2.30% of the stock is owned by company insiders.

Ingredion 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.

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