Invesco Ltd. Has $115.46 Million Holdings in Ingredion Incorporated $INGR

Key Points

• Invesco Ltd. reduced its holdings in Ingredion Incorporated by 1.9% during Q1, now owning 853,929 shares valued at approximately $115.46 million.
• Ingredion reported a Q2 EPS of $2.87, beating estimates, but its revenue declined 2.4% year-over-year to $1.83 billion.
• The company's dividend yield stands at 2.5% with a quarterly dividend of $0.80, reflecting a payout ratio of 31.22%.

Invesco Ltd. lessened its holdings in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 853,929 shares of the company's stock after selling 16,388 shares during the quarter. Invesco Ltd. owned approximately 1.33% of Ingredion worth $115,460,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

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

Ingredion Stock Up 0.3%

Shares of INGR traded up $0.37 during mid-day trading on Tuesday, hitting $125.64. 68,284 shares of the company's stock were exchanged, compared to its average volume of 523,966. The company has a market cap of $8.06 billion, a PE ratio of 12.28, a P/E/G ratio of 1.01 and a beta of 0.71. Ingredion Incorporated has a 52 week low of $120.51 and a 52 week high of $155.44. The company has a 50-day simple moving average of $133.49 and a 200 day simple moving average of $132.82. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.78 and a quick ratio of 1.81.

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

Ingredion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 1st were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, July 1st. Ingredion's dividend payout ratio (DPR) is currently 31.22%.

Insider Activity at Ingredion

In other news, SVP Larry Fernandes sold 850 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $128.39, for a total value of $109,131.50. Following the completion of the sale, the senior vice president owned 31,171 shares of the company's stock, valued at approximately $4,002,044.69. This represents a 2.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO James P. Zallie sold 36,287 shares of the stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders have sold a total of 37,137 shares of company stock valued at $4,700,163 over the last ninety days. Company insiders own 2.30% of the company's stock.

About Ingredion

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.