Insider Selling: Ingredion (NYSE:INGR) SVP Sells $429,792.00 in Stock

Ingredion Incorporated (NYSE:INGR) SVP Larry Fernandes sold 3,630 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $118.40, for a total transaction of $429,792.00. Following the completion of the transaction, the senior vice president owned 32,055 shares of the company’s stock, valued at approximately $3,795,312. This represents a 10.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ingredion Stock Up 1.0%

INGR opened at $118.34 on Friday. The company has a fifty day moving average of $113.95 and a two-hundred day moving average of $117.65. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 0.95 and a beta of 0.71. Ingredion Incorporated has a fifty-two week low of $102.31 and a fifty-two week high of $141.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.73 and a current ratio of 2.66.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share (EPS) 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 firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the company earned $2.63 earnings per share. The company’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. On average, research analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Announces Dividend

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

Hedge Funds Weigh In On Ingredion

A number of hedge funds and other institutional investors have recently bought and sold shares of INGR. Northwestern Mutual Wealth Management Co. lifted its position in shares of Ingredion by 22,036.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock worth $114,351,000 after purchasing an additional 1,032,421 shares in the last quarter. First Trust Advisors LP lifted its holdings in Ingredion by 90.9% during the 4th quarter. First Trust Advisors LP now owns 1,994,825 shares of the company’s stock worth $219,949,000 after buying an additional 950,006 shares in the last quarter. Norges Bank purchased a new position in Ingredion in the 4th quarter valued at approximately $85,310,000. AQR Capital Management LLC boosted its position in Ingredion by 143.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock valued at $144,685,000 after buying an additional 701,063 shares during the period. Finally, Cooke & Bieler LP grew its stake in shares of Ingredion by 33.6% in the fourth quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock worth $133,101,000 after acquiring an additional 303,807 shares in the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on INGR shares. UBS Group upped their price objective on shares of Ingredion from $119.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research report on Monday, December 29th. Barclays increased their price objective on Ingredion from $124.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Ingredion in a research report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Ingredion has a consensus rating of “Hold” and a consensus target price 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.