Ingredion Incorporated $INGR Stock Position Reduced by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ decreased its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 61.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,300 shares of the company’s stock after selling 86,200 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Ingredion were worth $6,508,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. WPG Advisers LLC grew its position in shares of Ingredion by 100.8% during the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock worth $30,000 after acquiring an additional 123 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Ingredion by 810.7% during the second quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $35,000 after acquiring an additional 227 shares during the period. Root Financial Partners LLC acquired a new stake in Ingredion during the third quarter valued at approximately $36,000. SJS Investment Consulting Inc. increased its stake in Ingredion by 4,000.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 410 shares of the company’s stock worth $50,000 after purchasing an additional 400 shares in the last quarter. Finally, Whittier Trust Co. purchased a new stake in Ingredion during the second quarter valued at about $53,000. 85.27% of the stock is currently owned by institutional investors.

Ingredion Trading Down 0.0%

Shares of Ingredion stock opened at $116.38 on Friday. Ingredion Incorporated has a 12-month low of $102.31 and a 12-month high of $141.78. The company has a 50-day simple moving average of $114.65 and a 200 day simple moving average of $117.37. The company has a quick ratio of 1.73, a current ratio of 2.66 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $7.32 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 0.93 and a beta of 0.71.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). Ingredion had a return on equity of 17.32% and a net margin of 10.10%.The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the prior year, the firm posted $2.63 earnings per share. The company’s revenue was down 2.4% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Research analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Friday, January 2nd were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.8%. Ingredion’s dividend payout ratio is 29.39%.

Insider Buying and Selling

In other news, SVP Larry Fernandes sold 1,125 shares of Ingredion stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total transaction of $131,118.75. Following the transaction, the senior vice president directly owned 30,514 shares of the company’s stock, valued at $3,556,406.70. This trade represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James P. Zallie sold 9,958 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total transaction of $1,160,604.90. Following the completion of the transaction, the chief executive officer directly owned 33,011 shares of the company’s stock, valued at $3,847,432.05. This trade represents a 23.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,311 shares of company stock worth $5,741,840 over the last quarter. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Ingredion from $124.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 29th. Stephens restated an “equal weight” rating and issued a $120.00 price objective on shares of Ingredion in a report on Wednesday, February 4th. UBS Group lifted their target price on shares of Ingredion from $119.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Finally, iA Financial set a $124.00 target price on Ingredion in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $125.83.

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.