BNP Paribas Financial Markets Buys 147,871 Shares of Ingredion Incorporated $INGR

BNP Paribas Financial Markets boosted its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 955.6% during the fourth quarter, HoldingsChannel reports. The fund owned 163,345 shares of the company’s stock after purchasing an additional 147,871 shares during the quarter. BNP Paribas Financial Markets’ holdings in Ingredion were worth $18,010,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Ingredion by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock worth $825,556,000 after acquiring an additional 208,606 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Ingredion by 4.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,762,402 shares of the company’s stock worth $337,311,000 after acquiring an additional 114,521 shares during the last quarter. Snyder Capital Management L P grew its holdings in Ingredion by 22.0% during the 3rd quarter. Snyder Capital Management L P now owns 1,323,847 shares of the company’s stock worth $161,655,000 after acquiring an additional 238,420 shares during the last quarter. Cooke & Bieler LP grew its holdings in Ingredion by 33.6% during the 4th quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock worth $133,101,000 after acquiring an additional 303,807 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Ingredion by 143.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock worth $144,685,000 after acquiring an additional 701,063 shares during the last quarter. 85.27% of the stock is owned by institutional investors.

Ingredion Stock Up 0.7%

Shares of NYSE INGR opened at $100.11 on Friday. The firm has a market cap of $6.31 billion, a PE ratio of 9.64, a P/E/G ratio of 0.84 and a beta of 0.60. Ingredion Incorporated has a 12-month low of $98.29 and a 12-month high of $140.47. The company’s fifty day simple moving average is $108.36 and its 200 day simple moving average is $111.33. The company has a quick ratio of 1.83, a current ratio of 2.76 and a debt-to-equity ratio of 0.40.

Ingredion (NYSE:INGR) last issued its earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.10). The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.79 billion. Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The firm’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.97 earnings per share. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, sell-side analysts forecast that Ingredion Incorporated will post 10.88 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.28 annualized dividend and a yield of 3.3%. Ingredion’s dividend payout ratio is currently 31.60%.

Insider Transactions at Ingredion

In related news, VP Davida Marie Gable sold 375 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total transaction of $42,165.00. Following the transaction, the vice president directly owned 7,110 shares of the company’s stock, valued at $799,448.40. This represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on INGR shares. Zacks Research lowered shares of Ingredion from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Oppenheimer reduced their price objective on shares of Ingredion from $130.00 to $126.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 22nd. Barclays reduced their price objective on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Benchmark initiated coverage on shares of Ingredion in a research note on Tuesday, March 17th. They issued a “buy” rating and a $130.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research note on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $122.43.

Ingredion 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.