Fuller & Thaler Asset Management Inc. Decreases Stock Position in Ingredion Incorporated $INGR

Key Points

• Fuller & Thaler Asset Management Inc. significantly reduced its stake in Ingredion Incorporated by 83.7%, now holding approximately 58,975 shares worth around $7.97 million.
• Institutional ownership in Ingredion remains high at 85.27%, with several other hedge funds also acquiring new positions or increasing their stakes during the first quarter of the year.
• Ingredion recently reported earnings of $2.87 EPS for the last quarter, exceeding analyst expectations, although revenue decreased by 2.4% year-over-year.

Fuller & Thaler Asset Management Inc. reduced its position in Ingredion Incorporated (NYSE:INGR - Free Report) by 83.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,975 shares of the company's stock after selling 302,178 shares during the period. Fuller & Thaler Asset Management Inc. owned about 0.09% of Ingredion worth $7,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new position in Ingredion during the first quarter worth $26,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Ingredion during the first quarter worth $32,000. Ameriflex Group Inc. purchased a new stake in shares of Ingredion during the fourth quarter worth $33,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings 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 period. Finally, Costello Asset Management INC acquired a new position in Ingredion in the first quarter valued at approximately $41,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on INGR. Wall Street Zen lowered shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. UBS Group raised their target price on shares of Ingredion from $149.00 to $151.00 and gave the company a "neutral" rating in a 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $151.40.

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 in the company, valued at approximately $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 accessible through the SEC website. Also, CEO James P. Zallie sold 36,287 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $126.52, for a total transaction of $4,591,031.24. Following the sale, the chief executive officer owned 50,129 shares in the company, valued at $6,342,321.08. The trade was a 41.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,137 shares of company stock worth $4,700,163 over the last 90 days. Insiders own 2.30% of the company's stock.

Ingredion Stock Performance

NYSE:INGR traded up $1.4480 during midday trading on Friday, reaching $129.0880. The stock had a trading volume of 388,783 shares, compared to its average volume of 448,493. The firm has a fifty day simple moving average of $132.58 and a two-hundred day simple moving average of $132.74. Ingredion Incorporated has a 12-month low of $120.51 and a 12-month high of $155.44. The stock has a market cap of $8.28 billion, a P/E ratio of 12.59, a P/E/G ratio of 1.03 and a beta of 0.71. 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 data on Friday, August 1st. The company reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates of $2.78 by $0.09. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.89 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.Ingredion's quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.87 earnings per share. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. On average, equities analysts expect that Ingredion Incorporated will post 11.14 EPS for the current year.

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.