Ingredion Incorporated $INGR Shares Purchased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS AM has increased its holdings in Ingredion Incorporated by 22.0%, owning 353,165 shares valued at approximately $47.75 million after acquiring an additional 63,767 shares in the first quarter.
• Two equities research analysts rated Ingredion with a Buy, while three issued a Hold rating, with UBS Group adjusting the target price from $149.00 to $151.00.
• Ingredion announced a quarterly dividend of $0.82 per share, increasing from the previous $0.80, representing an annual yield of 2.6% with a payout ratio of 31.22%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Ingredion Incorporated (NYSE:INGR - Free Report) by 22.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 353,165 shares of the company's stock after acquiring an additional 63,767 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.55% of Ingredion worth $47,751,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Ingredion by 40.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company's stock worth $38,000 after acquiring an additional 80 shares during the last quarter. Waverly Advisors LLC boosted its stake in Ingredion by 3.8% during the fourth quarter. Waverly Advisors LLC now owns 2,303 shares of the company's stock worth $317,000 after acquiring an additional 84 shares in the last quarter. Retirement Guys Formula LLC boosted its stake in Ingredion by 5.7% during the first quarter. Retirement Guys Formula LLC now owns 1,566 shares of the company's stock worth $212,000 after acquiring an additional 84 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in shares of Ingredion by 5.8% in the first quarter. Wealthspire Advisors LLC now owns 1,685 shares of the company's stock worth $228,000 after buying an additional 92 shares in the last quarter. Finally, Bell Investment Advisors Inc lifted its stake in shares of Ingredion by 41.2% in the first quarter. Bell Investment Advisors Inc now owns 346 shares of the company's stock worth $47,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Ingredion from $149.00 to $151.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Wall Street Zen upgraded shares of Ingredion from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Ingredion presently has a consensus rating of "Hold" and an average price target of $151.40.

Insider Activity

In related news, CEO James P. Zallie sold 36,287 shares of the business's stock in a transaction dated 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 sale, the chief executive officer directly owned 50,129 shares in the company, valued at $6,342,321.08. The trade was a 41.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Larry Fernandes sold 850 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $128.39, for a total transaction of $109,131.50. Following the completion of the transaction, the senior vice president directly owned 31,171 shares of the company's stock, 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. Insiders sold a total of 37,137 shares of company stock worth $4,700,163 over the last quarter. Insiders own 2.30% of the company's stock.

Ingredion Trading Down 1.4%

Ingredion stock traded down $1.68 during midday trading on Friday, hitting $122.36. 1,308,235 shares of the stock were exchanged, compared to its average volume of 455,601. Ingredion Incorporated has a fifty-two week low of $120.51 and a fifty-two week high of $155.44. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.99 and a beta of 0.77. The stock's 50-day simple moving average is $128.68 and its 200 day simple moving average is $132.51. The company has a current ratio of 2.78, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41.

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. Ingredion had a net margin of 9.24% and a return on equity of 19.04%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the firm earned $2.87 earnings per share. The firm's quarterly revenue was down 2.4% on a year-over-year basis. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. On average, equities analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Wednesday, October 1st will be given a $0.82 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $3.28 annualized dividend and a dividend yield of 2.7%. This is a boost from Ingredion's previous quarterly dividend of $0.80. Ingredion's payout ratio is presently 31.22%.

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.