Ieq Capital LLC Takes $561,000 Position in Ingredion Incorporated $INGR

Key Points

• Ieq Capital LLC acquired 4,151 shares of Ingredion Incorporated in Q1, valued at approximately $561,000, indicating growing institutional interest in the stock.
• Insider transactions saw CEO James P. Zallie sell 36,287 shares, representing a significant 41.99% decrease in his ownership, while total insider sales reached 37,137 shares valued at $4.7 million over the last ninety days.
• Ingredion announced a quarterly dividend increase to $0.82 per share, signaling positive financial performance, while setting its FY 2025 earnings guidance between 11.100-11.600 EPS.

Ieq Capital LLC acquired a new stake in Ingredion Incorporated (NYSE:INGR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,151 shares of the company's stock, valued at approximately $561,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Ingredion by 40.2% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company's stock worth $38,000 after purchasing an additional 80 shares during the last quarter. Waverly Advisors LLC increased its position in shares of Ingredion by 3.8% during the fourth quarter. Waverly Advisors LLC now owns 2,303 shares of the company's stock valued at $317,000 after acquiring an additional 84 shares during the last quarter. Retirement Guys Formula LLC raised its position in Ingredion by 5.7% in the 1st quarter. Retirement Guys Formula LLC now owns 1,566 shares of the company's stock valued at $212,000 after purchasing an additional 84 shares during the last quarter. Wealthspire Advisors LLC grew its stake in Ingredion by 5.8% in the 1st quarter. Wealthspire Advisors LLC now owns 1,685 shares of the company's stock valued at $228,000 after acquiring an additional 92 shares during the last quarter. Finally, KBC Group NV grew its position in Ingredion by 4.3% in the first quarter. KBC Group NV now owns 2,624 shares of the company's stock valued at $355,000 after acquiring an additional 109 shares in the last quarter. Institutional investors own 85.27% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on INGR. UBS Group lifted their target price on Ingredion from $149.00 to $151.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Wall Street Zen cut Ingredion from a "buy" rating to a "hold" rating in a report on Friday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $151.40.

Ingredion Price Performance

Ingredion stock traded down $0.62 during midday trading on Monday, reaching $127.80. The company had a trading volume of 197,374 shares, compared to its average volume of 518,822. Ingredion Incorporated has a 12-month low of $120.51 and a 12-month high of $155.44. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.78 and a quick ratio of 1.81. The firm's fifty day simple moving average is $130.93 and its 200-day simple moving average is $132.88. The company has a market capitalization of $8.20 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.03 and a beta of 0.77.

Ingredion (NYSE:INGR - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.09. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.89 billion. Ingredion had a net margin of 9.24% and a return on equity of 19.04%. The business's quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.87 earnings per share. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. As a group, equities analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Wednesday, October 1st will be paid a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $3.28 dividend on an annualized basis and a yield of 2.6%. This is a positive change from Ingredion's previous quarterly dividend of $0.80. Ingredion's dividend payout ratio (DPR) is 31.22%.

Insiders Place Their Bets

In other Ingredion news, CEO James P. Zallie sold 36,287 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $126.52, for a total transaction of $4,591,031.24. Following the completion of the transaction, the chief executive officer owned 50,129 shares of the company's stock, valued at $6,342,321.08. The trade was a 41.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Larry Fernandes sold 850 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $128.39, for a total transaction of $109,131.50. Following the sale, the senior vice president directly owned 31,171 shares in the company, valued at $4,002,044.69. This represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,137 shares of company stock valued at $4,700,163 in the last three months. Company insiders own 1.80% of the company's stock.

Ingredion Company Profile

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.