Skandinaviska Enskilda Banken AB publ Sells 86,200 Shares of Ingredion Incorporated $INGR

Skandinaviska Enskilda Banken AB publ cut its stake in shares of Ingredion Incorporated (NYSE:INGR) by 61.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,300 shares of the company’s stock after selling 86,200 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.08% of Ingredion worth $6,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. WPG Advisers LLC grew its stake in Ingredion by 100.8% in the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock worth $30,000 after purchasing an additional 123 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in shares of 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 buying an additional 227 shares during the period. Root Financial Partners LLC purchased a new stake in Ingredion in the third quarter valued at approximately $36,000. SJS Investment Consulting Inc. increased its stake in shares of Ingredion by 4,000.0% in the third quarter. SJS Investment Consulting Inc. now owns 410 shares of the company’s stock worth $50,000 after acquiring an additional 400 shares during the period. Finally, Whittier Trust Co. acquired a new stake in Ingredion during the 2nd quarter worth about $53,000. 85.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ingredion

In related news, SVP Larry Fernandes sold 1,125 shares of Ingredion stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $116.55, for a total value of $131,118.75. Following the transaction, the senior vice president owned 30,514 shares in the company, valued at approximately $3,556,406.70. This trade represents a 3.56% 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. Also, CEO James P. Zallie sold 9,958 shares of Ingredion stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 33,011 shares in the company, valued at approximately $3,847,432.05. This trade represents a 23.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 48,311 shares of company stock worth $5,741,840. 2.30% of the stock is owned by corporate insiders.

Ingredion Price Performance

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

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

Ingredion Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. UBS Group upped their price objective on Ingredion from $119.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Stephens reissued an “equal weight” rating and set a $120.00 target price on shares of Ingredion in a research note on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.