Ingredion Incorporated $INGR Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 68.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,389 shares of the company's stock after selling 11,829 shares during the quarter. Hsbc Holdings PLC's holdings in Ingredion were worth $607,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in INGR. International Assets Investment Management LLC acquired a new stake in shares of Ingredion in the fourth quarter valued at about $30,000. GHP Investment Advisors Inc. acquired a new position in Ingredion during the first quarter worth about $33,000. Los Angeles Capital Management LLC acquired a new position in Ingredion during the fourth quarter worth about $36,000. Capital Advisors Ltd. LLC grew its stake in Ingredion by 40.5% during the 4th quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company's stock valued at $39,000 after acquiring an additional 102 shares in the last quarter. Finally, Root Financial Partners LLC grew its stake in Ingredion by 83.7% during the 1st quarter. Root Financial Partners LLC now owns 371 shares of the company's stock valued at $42,000 after acquiring an additional 169 shares in the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on INGR shares. UBS Group reissued a "neutral" rating and issued a $114.00 target price on shares of Ingredion in a research note on Thursday, May 7th. Barclays dropped their price target on Ingredion from $128.00 to $120.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 6th. Zacks Research raised Ingredion from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. Weiss Ratings downgraded Ingredion from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, July 8th. Finally, Benchmark reissued a "buy" rating on shares of Ingredion in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Ingredion presently has an average rating of "Hold" and an average price target of $122.43.

Ingredion Stock Performance

NYSE:INGR opened at $100.38 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.76 and a quick ratio of 1.83. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 0.86 and a beta of 0.62. The company's 50-day moving average is $100.02 and its two-hundred day moving average is $108.57. Ingredion Incorporated has a 1-year low of $94.44 and a 1-year high of $132.88.

Ingredion (NYSE:INGR - Get Free Report) 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). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The firm's quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Analysts forecast that Ingredion Incorporated will post 10.81 EPS for the current year.

Ingredion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.3%. The ex-dividend date was Wednesday, July 1st. Ingredion's dividend payout ratio is presently 31.60%.

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.

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