Ingredion (NYSE:INGR) CEO Sells $4,020,217.02 in Stock

Ingredion Incorporated (NYSE:INGR) CEO James Zallie sold 33,597 shares of Ingredion stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $119.66, for a total transaction of $4,020,217.02. Following the transaction, the chief executive officer directly owned 50,167 shares in the company, valued at $6,002,983.22. The trade was a 40.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Ingredion Trading Down 1.0%

INGR traded down $1.26 during mid-day trading on Thursday, hitting $118.64. The stock had a trading volume of 451,654 shares, compared to its average volume of 653,722. Ingredion Incorporated has a 1-year low of $102.31 and a 1-year high of $141.78. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 0.95 and a beta of 0.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.66 and a quick ratio of 1.73. The stock’s fifty day simple moving average is $113.57 and its 200-day simple moving average is $117.85.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $2.59 by ($0.06). Ingredion had a return on equity of 17.32% and a net margin of 10.10%.The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the firm posted $2.63 earnings per share. The business’s revenue was down 2.4% on a year-over-year basis. 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 fiscal year.

Ingredion Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently commented on INGR. Barclays increased their target price on shares of Ingredion from $124.00 to $128.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. UBS Group raised their price objective on Ingredion from $119.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Ingredion in a research report on Wednesday, February 4th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Oppenheimer set a $136.00 price target on Ingredion in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $125.83.

Institutional Investors Weigh In On Ingredion

Several hedge funds have recently added to or reduced their stakes in the business. Mindset Wealth Management LLC lifted its stake in Ingredion by 8.8% in the 4th quarter. Mindset Wealth Management LLC now owns 4,456 shares of the company’s stock valued at $491,000 after purchasing an additional 360 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in Ingredion by 501.0% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 18,397 shares of the company’s stock valued at $2,028,000 after buying an additional 15,336 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Ingredion by 44.5% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,006 shares of the company’s stock valued at $111,000 after buying an additional 310 shares during the last quarter. Snyder Capital Management L P grew its holdings in Ingredion by 4.4% during the 4th quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company’s stock worth $152,355,000 after acquiring an additional 57,928 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Ingredion by 28.8% during the 4th quarter. Bank of Montreal Can now owns 63,136 shares of the company’s stock worth $6,961,000 after acquiring an additional 14,114 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

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.