BlackRock Amends Ingredion Stake, Signals Ownership Change
Ticker: INGR · Form: SC 13G/A · Filed: 2024-01-24T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its Ingredion stake, watch for potential market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in their beneficial ownership of Ingredion Inc. common stock as of December 31, 2023. This amendment, number 14, updates their previous holdings in the grain mill products company. This matters to investors because BlackRock is a major institutional investor, and changes in their stake can signal their evolving sentiment or strategy regarding Ingredion, potentially influencing other investors.
Why It Matters
Changes in significant institutional ownership, like BlackRock's, can influence market perception and stock price, as large investors often have deep research capabilities.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and doesn't inherently signal high risk, but rather a change in ownership percentage.
Analyst Insight
An investor should review the full SC 13G/A filing to determine the exact change in BlackRock's beneficial ownership percentage in Ingredion Inc. and consider what this change might imply about BlackRock's view on the company's future prospects.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A amendment
- Ingredion Inc. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A amendment
- Amendment No: 14 (number) — the specific amendment number for this filing
Forward-Looking Statements
- BlackRock's updated ownership percentage in Ingredion Inc. will be disclosed in the full filing, which could indicate an increase or decrease in their stake. (BlackRock Inc.) — high confidence, target: N/A (information is in the full filing)
- The market may react to the specific change in BlackRock's ownership, with a significant increase potentially seen as bullish and a significant decrease as bearish. (Ingredion Inc.) — medium confidence, target: Within 1-2 trading days of full disclosure
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934, specifically designated as Amendment No: 14.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., a company with the Central Index Key (CIK) 0001364742, located at 50 Hudson Yards, New York, NY 10001.
What company's securities are the subject of this filing?
The subject company for this filing is Ingredion Inc., a grain mill products company with the Central Index Key (CIK) 0001046257, located at 5 Westbrook Corporate Center, Westchester, IL 60154.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Ingredion Inc. reported in this filing is 457187102.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated in the filing.
From the Filing
EDGAR Filing Documents for 0001086364-24-002252 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-002252 Filing Date 2024-01-24 Accepted 2024-01-24 14:27:13 Documents 1 Document Format Files Seq Description Document Type Size 1 us4571871023_012424.txt SC 13G/A 11871 Complete submission text file 0001086364-24-002252.txt 13801 Mailing Address INGREDION INCORPORATED 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154 Business Address 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154 7085512600 Ingredion Inc (Subject) CIK : 0001046257 (see all company filings) EIN. : 223514823 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-55519 | Film No.: 24555824 SIC : 2040 Grain Mill Products (CF Office: 04 Manufacturing) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)