Sumitomo Mitsui Trust Group Inc. Reduces Holdings in Ingredion Incorporated $INGR

Sumitomo Mitsui Trust Group Inc. lessened its position in shares of Ingredion Incorporated (NYSE:INGR) by 44.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 7,501 shares of the company’s stock after selling 5,922 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ingredion were worth $845,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in Ingredion in the fourth quarter valued at $30,000. GHP Investment Advisors Inc. purchased a new position in Ingredion during the first quarter worth about $33,000. Los Angeles Capital Management LLC acquired a new stake in shares of Ingredion during the fourth quarter valued at about $36,000. Capital Advisors Ltd. LLC raised its stake in shares of Ingredion by 40.5% in the 4th quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock valued at $39,000 after acquiring an additional 102 shares during the period. Finally, Root Financial Partners LLC lifted its holdings in shares of Ingredion by 83.7% in the 1st quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock worth $42,000 after acquiring an additional 169 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Trading Up 3.0%

NYSE:INGR opened at $102.15 on Friday. The firm has a market cap of $6.44 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 0.83 and a beta of 0.62. The stock has a fifty day moving average price of $100.39 and a 200 day moving average price of $109.24. Ingredion Incorporated has a 12-month low of $94.44 and a 12-month high of $135.90. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, May 5th. The company reported $2.34 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 for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the firm earned $2.97 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Sell-side analysts anticipate that Ingredion Incorporated will post 10.88 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st will be issued a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $3.28 annualized dividend and a yield of 3.2%. Ingredion’s dividend payout ratio (DPR) is 31.60%.

Wall Street Analysts Forecast Growth

INGR has been the subject of a number of research analyst reports. Weiss Ratings cut shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Benchmark restated a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. UBS Group reiterated a “neutral” rating and issued a $114.00 price objective on shares of Ingredion in a report on Thursday, May 7th. Finally, Oppenheimer lowered Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ingredion presently has a consensus rating of “Hold” and an average target price of $122.43.

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.