6,228 Shares in Ingredion Incorporated $INGR Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Ingredion Incorporated (NYSE:INGR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,228 shares of the company’s stock, valued at approximately $687,000.

A number of other large investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in Ingredion by 4.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,762,402 shares of the company’s stock worth $337,311,000 after purchasing an additional 114,521 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Ingredion by 2.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,369,448 shares of the company’s stock worth $167,223,000 after purchasing an additional 29,433 shares in the last quarter. Snyder Capital Management L P lifted its holdings in Ingredion by 22.0% in the 3rd quarter. Snyder Capital Management L P now owns 1,323,847 shares of the company’s stock worth $161,655,000 after purchasing an additional 238,420 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Ingredion by 143.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock worth $144,685,000 after purchasing an additional 701,063 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Ingredion by 6.3% in the 3rd quarter. First Trust Advisors LP now owns 1,044,819 shares of the company’s stock worth $127,583,000 after purchasing an additional 62,115 shares in the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on INGR shares. BMO Capital Markets reissued a “market perform” rating on shares of Ingredion in a report on Wednesday, February 4th. Wall Street Zen cut Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. UBS Group decreased their price objective on Ingredion from $124.00 to $122.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Barclays upped their price objective on Ingredion from $124.00 to $128.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $124.71.

Ingredion Stock Down 0.4%

Shares of INGR opened at $112.74 on Thursday. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 0.89 and a beta of 0.70. Ingredion Incorporated has a 1 year low of $102.31 and a 1 year high of $141.78. The business’s 50 day simple moving average is $113.85 and its 200-day simple moving average is $113.56. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.66 and a quick ratio of 1.73.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $2.59 by ($0.06). The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.78 billion. Ingredion had a net margin of 10.10% and a return on equity of 17.32%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm 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 11.52 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Wednesday, April 1st were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $3.28 annualized dividend and a dividend yield of 2.9%. Ingredion’s payout ratio is currently 29.39%.

Insider Activity

In other news, VP Davida Marie Gable sold 375 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $112.44, for a total transaction of $42,165.00. Following the transaction, the vice president owned 7,110 shares of the company’s stock, valued at approximately $799,448.40. The trade was a 5.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Larry Fernandes sold 3,630 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $118.40, for a total value of $429,792.00. Following the transaction, the senior vice president directly owned 32,055 shares in the company, valued at approximately $3,795,312. This represents a 10.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 48,686 shares of company stock valued at $5,784,010. 2.30% of the stock is currently owned by insiders.

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.