Advisors Asset Management Inc. Decreases Position in Ingredion Incorporated $INGR

Key Points

• Advisors Asset Management Inc. reduced its stake in Ingredion by 7.4%, resulting in ownership of 31,610 shares valued at approximately $4.27 million.
• CEO James P. Zallie sold 36,287 shares of the company, decreasing his ownership by 41.99%, while company insiders collectively sold 37,137 shares recently.
• Ingredion is set to increase its quarterly dividend to $0.82 per share, representing an annualized yield of 2.6%, with the ex-dividend date on October 1st.

Advisors Asset Management Inc. trimmed its holdings in Ingredion Incorporated (NYSE:INGR - Free Report) by 7.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,610 shares of the company's stock after selling 2,527 shares during the quarter. Advisors Asset Management Inc.'s holdings in Ingredion were worth $4,274,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of INGR. Alpine Bank Wealth Management purchased a new stake in Ingredion in the first quarter valued at approximately $26,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Ingredion during the 1st quarter worth $32,000. Ameriflex Group Inc. purchased a new position in shares of Ingredion during the fourth quarter worth about $33,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Ingredion by 40.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company's stock worth $38,000 after acquiring an additional 80 shares during the period. Finally, Costello Asset Management INC purchased a new stake in Ingredion in the 1st quarter valued at approximately $41,000. Institutional investors and hedge funds own 85.27% of the company's stock.

Insiders Place Their Bets

In other Ingredion news, CEO James P. Zallie sold 36,287 shares of the company's stock in a transaction 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 approximately $6,342,321.08. This represents a 41.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Larry Fernandes sold 850 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $128.39, for a total value of $109,131.50. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,137 shares of company stock valued at $4,700,163. 2.30% of the stock is currently owned by corporate insiders.

Ingredion Trading Up 0.3%

Ingredion stock opened at $128.36 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 2.78. The firm's 50-day moving average is $130.93 and its 200-day moving average is $132.79. Ingredion Incorporated has a 1 year low of $120.51 and a 1 year high of $155.44. The company has a market cap of $8.24 billion, a P/E ratio of 12.52, a PEG ratio of 1.02 and a beta of 0.77.

Ingredion (NYSE:INGR - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $1.89 billion. Ingredion had a net margin of 9.24% and a return on equity of 19.04%. The company's quarterly revenue was down 2.4% on a year-over-year basis. 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. On average, equities analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Wednesday, October 1st will be given a $0.82 dividend. 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. The ex-dividend date is Wednesday, October 1st. Ingredion's payout ratio is currently 31.22%.

Wall Street Analysts Forecast Growth

INGR has been the topic of several research analyst reports. Wall Street Zen lowered Ingredion from a "buy" rating to a "hold" rating in a research note on Friday. UBS Group lifted their price target on shares of Ingredion from $149.00 to $151.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Ingredion currently has a consensus rating of "Hold" and an average price target of $151.40.

Ingredion 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.

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