Hsbc Holdings PLC Reduces Stock Position in Ingredion Incorporated $INGR

Hsbc Holdings PLC trimmed its holdings in Ingredion Incorporated (NYSE:INGR) by 52.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,218 shares of the company’s stock after selling 18,852 shares during the period. Hsbc Holdings PLC’s holdings in Ingredion were worth $1,904,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in Ingredion in the fourth quarter valued at $30,000. Los Angeles Capital Management LLC bought a new stake in shares of Ingredion in the 4th quarter worth about $36,000. Capital Advisors Ltd. LLC increased its position in shares of Ingredion by 40.5% in the 4th quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock worth $39,000 after purchasing an additional 102 shares during the last quarter. Ares Financial Consulting LLC acquired a new stake in shares of Ingredion in the 4th quarter valued at about $46,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Ingredion by 166.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 381 shares of the company’s stock worth $47,000 after purchasing an additional 238 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group reiterated a “neutral” rating and issued a $114.00 price target on shares of Ingredion in a research note on Thursday, May 7th. Zacks Research downgraded Ingredion from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Barclays decreased their target price on Ingredion from $128.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Oppenheimer downgraded Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Finally, Benchmark reissued a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $122.43.

Ingredion Stock Down 2.2%

NYSE:INGR opened at $95.38 on Tuesday. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average of $103.89 and a 200-day moving average of $110.43. The firm has a market capitalization of $6.01 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 0.82 and a beta of 0.60. Ingredion Incorporated has a 52 week low of $94.82 and a 52 week high of $138.40.

Ingredion (NYSE:INGR) last announced its quarterly 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). Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period last year, the business posted $2.97 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Analysts predict that Ingredion Incorporated will post 10.88 EPS for the current year.

Ingredion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Wednesday, July 1st. Ingredion’s dividend payout ratio (DPR) is presently 31.60%.

About Ingredion

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.