Insider Selling: Ingredion (NYSE:INGR) VP Sells $42,165.00 in Stock

Ingredion Incorporated (NYSE:INGRGet Free Report) VP Davida Marie Gable sold 375 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total transaction of $42,165.00. Following the transaction, the vice president directly owned 7,110 shares in the company, valued at approximately $799,448.40. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Ingredion Stock Down 1.0%

Shares of NYSE INGR opened at $109.18 on Friday. The firm has a fifty day simple moving average of $115.76 and a two-hundred day simple moving average of $115.34. Ingredion Incorporated has a 12 month low of $102.31 and a 12 month high of $141.78. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $6.87 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 0.86 and a beta of 0.69.

Ingredion (NYSE:INGRGet Free Report) last posted its quarterly earnings data 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 net margin of 10.10% and a return on equity of 17.32%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the firm posted $2.63 earnings per share. The business’s revenue was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Equities analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Wednesday, April 1st will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, April 1st. Ingredion’s dividend payout ratio (DPR) is 29.39%.

Hedge Funds Weigh In On Ingredion

A number of hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its stake in Ingredion by 32.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company’s stock valued at $281,000 after purchasing an additional 514 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ingredion by 63.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,694 shares of the company’s stock worth $499,000 after purchasing an additional 1,440 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Ingredion by 9.0% during the first quarter. NewEdge Advisors LLC now owns 9,687 shares of the company’s stock valued at $1,310,000 after purchasing an additional 797 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Ingredion by 5.5% during the first quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company’s stock valued at $13,712,000 after buying an additional 5,255 shares during the last quarter. Finally, Focus Partners Wealth boosted its position in shares of Ingredion by 5.6% during the first quarter. Focus Partners Wealth now owns 3,636 shares of the company’s stock valued at $492,000 after buying an additional 192 shares during the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on INGR. Wall Street Zen cut Ingredion from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Benchmark started coverage on Ingredion in a research note on Tuesday, March 17th. They set a “buy” rating and a $130.00 price objective for the company. Jefferies Financial Group reissued a “hold” rating on shares of Ingredion in a report on Wednesday, February 4th. UBS Group increased their target price on Ingredion from $119.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Finally, Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $126.43.

View Our Latest Report on INGR

Key Stories Impacting Ingredion

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Ingredion Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Ingredion (NYSE:INGR)

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