Ingredion (NYSE:INGR) CEO James Zallie Sells 9,958 Shares

Ingredion Incorporated (NYSE:INGR) CEO James Zallie sold 9,958 shares of Ingredion stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $116.55, for a total value of $1,160,604.90. Following the completion of the sale, the chief executive officer owned 33,011 shares of the company’s stock, valued at approximately $3,847,432.05. The trade was a 23.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Ingredion Stock Up 0.2%

INGR stock traded up $0.24 during trading on Friday, reaching $116.78. 53,091 shares of the stock were exchanged, compared to its average volume of 646,070. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.41. Ingredion Incorporated has a twelve month low of $102.31 and a twelve month high of $141.78. The firm’s 50 day moving average is $114.65 and its 200 day moving average is $117.37. The firm has a market cap of $7.35 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 0.93 and a beta of 0.71.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Ingredion had a return on equity of 17.32% and a net margin of 10.10%.Ingredion’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.63 earnings per share. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, research analysts forecast that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 2nd were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, January 2nd. Ingredion’s payout ratio is currently 29.39%.

Hedge Funds Weigh In On Ingredion

Institutional investors have recently added to or reduced their stakes in the company. WPG Advisers LLC raised its stake in shares of Ingredion by 100.8% in the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock worth $30,000 after purchasing an additional 123 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Ingredion during the 4th quarter valued at approximately $30,000. Hantz Financial Services Inc. raised its stake in shares of Ingredion by 810.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $35,000 after buying an additional 227 shares during the period. Root Financial Partners LLC acquired a new position in shares of Ingredion during the 3rd quarter worth about $36,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Ingredion during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. iA Financial set a $124.00 target price on Ingredion in a research note on Thursday, November 6th. Stephens restated an “equal weight” rating and issued a $120.00 price target on shares of Ingredion in a research note on Wednesday, February 4th. UBS Group raised their price objective on shares of Ingredion from $119.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Wall Street Zen cut Ingredion from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Ingredion presently has an average rating of “Hold” and a consensus price target of $125.83.

Ingredion Company Profile

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.