David Fischer Sells 1,662 Shares of Ingredion (NYSE:INGR) Stock

Ingredion Incorporated (NYSE:INGR) Director David Fischer sold 1,662 shares of the stock in a transaction 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 sale, the director owned 19,930 shares of the company’s stock, valued at approximately $2,039,038.30. This trade represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Ingredion Trading Up 0.6%

INGR stock traded up $0.64 during midday trading on Thursday, hitting $103.93. The stock had a trading volume of 421,366 shares, compared to its average volume of 749,789. The company has a current ratio of 2.80, a quick ratio of 1.83 and a debt-to-equity ratio of 0.39. The firm has a market cap of $6.55 billion, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 0.89 and a beta of 0.62. The business has a fifty day moving average price of $99.94 and a two-hundred day moving average price of $108.22. Ingredion Incorporated has a 1-year low of $94.44 and a 1-year high of $130.48.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.11. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The business’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, sell-side analysts predict that Ingredion Incorporated will post 10.7 earnings per share for the current fiscal year.

Ingredion Announces Dividend

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

Hedge Funds Weigh In On Ingredion

Several institutional investors have recently modified their holdings of the business. First Trust Advisors LP grew its position in Ingredion by 53.1% during the first quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock valued at $344,080,000 after buying an additional 1,059,324 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Ingredion by 22,036.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock worth $114,351,000 after acquiring an additional 1,032,421 shares during the period. Norges Bank bought a new stake in Ingredion in the fourth quarter worth about $85,310,000. AQR Capital Management LLC boosted its stake in Ingredion by 143.1% in the third quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock valued at $144,685,000 after acquiring an additional 701,063 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Ingredion during the 2nd quarter valued at approximately $52,412,000. 85.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group increased their target price on Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday. Barclays cut their target price on Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Oppenheimer lowered Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Weiss Ratings downgraded shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Finally, Benchmark reiterated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $121.29.

About Ingredion

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.