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

Ingredion Incorporated (NYSE:INGR) Director David Fischer sold 1,662 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total value of $170,039.22. Following the completion of the transaction, the director directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Ingredion Price Performance

INGR stock traded up $0.64 during mid-day 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 firm has a fifty day simple moving average of $99.94 and a 200 day simple moving average of $108.22. Ingredion Incorporated has a 52 week low of $94.44 and a 52 week high of $130.48. 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 capitalization of $6.55 billion, a P/E ratio of 11.35, a P/E/G ratio of 0.89 and a beta of 0.62.

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

Ingredion Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, July 1st. Ingredion’s dividend payout ratio is currently 35.77%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in Ingredion during the 4th quarter worth approximately $30,000. GHP Investment Advisors Inc. acquired a new position in shares of Ingredion during the first quarter worth $33,000. Los Angeles Capital Management LLC bought a new stake in shares of Ingredion in the fourth quarter worth $36,000. Capital Advisors Ltd. LLC grew its stake in shares of Ingredion by 40.5% in the fourth quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock worth $39,000 after purchasing an additional 102 shares during the last quarter. Finally, Root Financial Partners LLC increased its stake in shares of Ingredion by 83.7% in the first quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock valued at $42,000 after buying an additional 169 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.