Versant Capital Management Inc Decreases Position in Ingredion Incorporated $INGR

by · The Cerbat Gem

Versant Capital Management Inc decreased its holdings in Ingredion Incorporated (NYSE:INGR – Free Report) by 94.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 387 shares of the company’s stock after selling 6,664 shares during the quarter. Versant Capital Management Inc’s holdings in Ingredion were worth $37,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Ingredion by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock valued at $825,556,000 after purchasing an additional 208,606 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ingredion by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,115,136 shares of the company’s stock worth $350,952,000 after purchasing an additional 175,600 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Ingredion by 53.1% during the first quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock worth $344,080,000 after purchasing an additional 1,059,324 shares in the last quarter. AQR Capital Management LLC increased its holdings in Ingredion by 53.3% in the fourth quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock valued at $201,337,000 after buying an additional 634,900 shares during the last quarter. Finally, Snyder Capital Management L P increased its holdings in Ingredion by 4.4% in the fourth quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company’s stock valued at $152,355,000 after buying an additional 57,928 shares during the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ingredion

In other Ingredion news, Director David B. Fischer sold 1,662 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total transaction of $170,039.22. Following the completion of the sale, the director directly owned 19,930 shares of the company’s stock, valued at $2,039,038.30. This represents a 7.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by company insiders.

Ingredion Stock Down 0.8%

INGR stock opened at $103.87 on Thursday. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 0.90 and a beta of 0.62. The company has a fifty day moving average price of $100.15 and a 200 day moving average price of $107.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 1.92. Ingredion Incorporated has a 12 month low of $94.44 and a 12 month high of $130.48.

Ingredion (NYSE:INGR – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.11. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the firm posted $2.87 EPS. Ingredion’s revenue for the quarter was up .9% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Sell-side analysts expect that Ingredion Incorporated will post 10.6 earnings per share for the current year.

Ingredion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.2%. The ex-dividend date was Wednesday, July 1st. Ingredion’s payout ratio is 35.77%.

Wall Street Analyst Weigh In

INGR has been the subject of a number of recent analyst reports. Barclays decreased their price target on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, UBS Group increased their price target on shares of Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Ingredion presently has an average rating of “Hold” and an average price target of $121.29.

Read Our Latest Report on Ingredion

Ingredion Company Profile

(Free Report)

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.

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