Advisors Asset Management Inc. Decreases Stock Holdings in Ingredion Incorporated $INGR

Advisors Asset Management Inc. reduced its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 12.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,679 shares of the company's stock after selling 3,931 shares during the period. Advisors Asset Management Inc.'s holdings in Ingredion were worth $3,754,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of INGR. Hantz Financial Services Inc. raised its position in Ingredion by 810.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company's stock valued at $35,000 after purchasing an additional 227 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Ingredion during the second quarter valued at approximately $40,000. Costello Asset Management INC bought a new position in shares of Ingredion during the first quarter valued at approximately $41,000. SouthState Corp purchased a new stake in Ingredion in the first quarter worth $41,000. Finally, Ransom Advisory Ltd bought a new stake in Ingredion in the first quarter valued at $41,000. 85.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on INGR shares. Oppenheimer set a $136.00 price objective on shares of Ingredion in a report on Wednesday, October 22nd. Wall Street Zen downgraded shares of Ingredion from a "buy" rating to a "hold" rating in a research note on Saturday, November 1st. Weiss Ratings restated a "hold (c)" rating on shares of Ingredion in a report on Monday. BMO Capital Markets reduced their target price on Ingredion from $143.00 to $123.00 and set a "market perform" rating on the stock in a report on Wednesday, November 5th. Finally, Industrial Alliance Securities set a $124.00 target price on Ingredion in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $124.33.

Read Our Latest Research Report on INGR

Ingredion Stock Performance

Ingredion stock opened at $107.67 on Friday. Ingredion Incorporated has a twelve month low of $102.31 and a twelve month high of $150.00. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $6.84 billion, a P/E ratio of 10.50, a PEG ratio of 0.95 and a beta of 0.72. The stock's 50 day moving average is $115.43 and its 200 day moving average is $126.92.

Ingredion (NYSE:INGR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.73 by $0.02. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.90 billion. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. On average, equities research analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Profile

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.

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