Venture Visionary Partners LLC Sells 3,006 Shares of Ingredion Incorporated $INGR

Key Points

• Venture Visionary Partners LLC reduced its stake in Ingredion Incorporated by 50% by selling 3,006 shares during the first quarter, bringing its total holdings to 3,002 shares valued at approximately $406,000.
• Institutional investors currently own 85.27% of Ingredion's stock, with significant increases in holdings by firms like Caisse DE Depot ET Placement DU Quebec and Allianz Asset Management, showing varied investor interests.
• Ingredion reported $2.87 EPS for the last quarter, exceeding expectations but showing a 2.4% revenue decline year-over-year, with a fiscal year 2025 EPS guidance set between 11.100-11.600.

Venture Visionary Partners LLC trimmed its holdings in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 50.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,002 shares of the company's stock after selling 3,006 shares during the period. Venture Visionary Partners LLC's holdings in Ingredion were worth $406,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Ingredion by 43.4% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,193 shares of the company's stock valued at $565,000 after buying an additional 1,270 shares during the period. Hsbc Holdings PLC boosted its position in Ingredion by 117.1% during the first quarter. Hsbc Holdings PLC now owns 73,233 shares of the company's stock valued at $9,840,000 after buying an additional 39,502 shares during the period. Northern Trust Corp boosted its position in Ingredion by 37.0% during the first quarter. Northern Trust Corp now owns 982,789 shares of the company's stock valued at $132,883,000 after buying an additional 265,263 shares during the period. Brooklyn Investment Group boosted its holdings in shares of Ingredion by 786.0% during the first quarter. Brooklyn Investment Group now owns 443 shares of the company's stock worth $60,000 after purchasing an additional 393 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in shares of Ingredion by 1.1% during the first quarter. Raymond James Financial Inc. now owns 233,278 shares of the company's stock worth $31,541,000 after purchasing an additional 2,458 shares during the period. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ingredion

In related news, CEO James P. Zallie sold 36,287 shares of the 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 completion of the transaction, the chief executive officer directly owned 50,129 shares of the company's stock, valued at $6,342,321.08. This represents a 41.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Larry Fernandes sold 850 shares of the firm's stock in a transaction that occurred 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 directly owned 31,171 shares of the company's stock, valued at $4,002,044.69. This represents a 2.65% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,137 shares of company stock valued at $4,700,163. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

INGR has been the subject of a number of analyst reports. UBS Group increased their target price on shares of Ingredion from $149.00 to $151.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Wall Street Zen lowered shares of Ingredion from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $151.40.

Ingredion Trading Up 0.6%

INGR stock traded up $0.71 during trading on Wednesday, reaching $128.78. The company had a trading volume of 80,174 shares, compared to its average volume of 518,926. Ingredion Incorporated has a 52 week low of $120.51 and a 52 week high of $155.44. The company has a market cap of $8.27 billion, a P/E ratio of 12.55, a PEG ratio of 1.02 and a beta of 0.71. The business has a 50 day moving average of $132.20 and a 200 day moving average of $132.75. 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 released 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 period in the prior year, the firm earned $2.87 earnings per share. Ingredion's revenue was down 2.4% on a year-over-year basis. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. As a group, sell-side analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal 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.