5 Stocks Donald Yacktman is Selling in 2022

In this article we’ll lay out the list of 5 Stocks Donald Yacktman is Selling in 2022. For our methodology and a more comprehensive list please see 10 Stocks Donald Yacktman is Selling in 2022.

5. Ingredion Incorporated (NYSE:INGR)

Value of Yacktman Asset Management‘s 13F Position: $208 million

Number of Hedge Fund Shareholders (as of March 31): 27

Value investing legend Donald Yacktman sold off 10% of his hedge fund’s stake in Ingredion Incorporated (NYSE:INGR) during the first quarter, leaving the fund with over 2.38 million shares. Hedge fund ownership of Ingredion has jumped by 35% over the past two quarters, with Israel Englander, Joel Greenblatt, and Lee Munder among the hedge fund managers taking new stakes in the company.

A supplier of corn-based products and ingredients, Ingredion Incorporated (NYSE:INGR) had a strong first quarter, earning $1.95 in adjusted EPS and $1.89 billion in revenue, both of which handily topped analyst estimates. The company grew net sales by 17% during the quarter.

Ingredion Incorporated (NYSE:INGR) was able to overcome higher corn input costs, which have risen by 25% this year, during the first quarter, thanks in part to hedges. However, the company will face a more challenging environment later this year and into 2023 once those hedges roll over, which could necessitate mid-teens price increases to offset input costs according to Robert Moskow. The Credit Suisse analyst downgraded Ingredion to ‘Neutral’ in April, while lowering his price target on the stock to $94 from $102.