Rogco LP Lowers Stock Position in Ingredion Incorporated $INGR

Rogco LP trimmed its holdings in Ingredion Incorporated (NYSE:INGR) by 9.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,664 shares of the company’s stock after selling 614 shares during the quarter. Rogco LP’s holdings in Ingredion were worth $768,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Ingredion by 8.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,191 shares of the company’s stock valued at $1,539,000 after buying an additional 905 shares during the last quarter. NBC Securities Inc. raised its stake in Ingredion by 180,400.0% during the 1st quarter. NBC Securities Inc. now owns 1,805 shares of the company’s stock valued at $244,000 after acquiring an additional 1,804 shares during the last quarter. Merit Financial Group LLC raised its stake in Ingredion by 37.4% during the 1st quarter. Merit Financial Group LLC now owns 3,133 shares of the company’s stock valued at $424,000 after acquiring an additional 852 shares during the last quarter. Whipplewood Advisors LLC lifted its position in Ingredion by 737.3% during the 1st quarter. Whipplewood Advisors LLC now owns 427 shares of the company’s stock worth $58,000 after acquiring an additional 376 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Ingredion by 14.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 6,041 shares of the company’s stock valued at $817,000 after purchasing an additional 766 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Insider Transactions at Ingredion

In other news, SVP Larry Fernandes sold 850 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $128.39, for a total transaction of $109,131.50. Following the completion of the transaction, the senior vice president directly owned 31,171 shares of the company’s stock, valued at $4,002,044.69. This trade represents a 2.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James P. Zallie sold 36,287 shares of Ingredion stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $126.52, for a total value of $4,591,031.24. Following the transaction, the chief executive officer owned 50,129 shares of the company’s stock, valued at $6,342,321.08. This represents a 41.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

INGR has been the subject of several recent research reports. UBS Group increased their price target on Ingredion from $149.00 to $151.00 and gave the stock a “neutral” rating in a report on Wednesday, July 9th. Wall Street Zen raised shares of Ingredion from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $151.40.

Ingredion Trading Up 0.9%

Shares of INGR opened at $122.17 on Wednesday. Ingredion Incorporated has a twelve month low of $120.08 and a twelve month high of $155.44. The company has a current ratio of 2.78, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $7.84 billion, a P/E ratio of 11.92, a PEG ratio of 0.97 and a beta of 0.77. The firm’s 50-day moving average is $126.89 and its two-hundred day moving average is $132.00.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Friday, August 1st. The company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.78 by $0.09. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.89 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.87 EPS. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. On average, research analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Wednesday, October 1st will be given a $0.82 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $3.28 annualized dividend and a dividend yield of 2.7%. This is a boost from Ingredion’s previous quarterly dividend of $0.80. Ingredion’s payout ratio is presently 32.00%.

About Ingredion

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.