Alamea Verwaltungs GmbH Makes New $613,000 Investment in Ingredion Incorporated $INGR

Key Points

• Alamea Verwaltungs GmbH has acquired 4,534 shares of Ingredion Incorporated, valued at approximately $613,000, making it the 29th largest position in its investment portfolio.
• Ingredion has recently declared a quarterly dividend of $0.82 per share, which is an increase from the previous $0.80, representing a 2.5% annual dividend yield.
• In its latest earnings, Ingredion reported an EPS of $2.87, surpassing expectations, but its revenue decreased by 2.4% year-over-year, coming in at $1.83 billion.

Alamea Verwaltungs GmbH bought a new stake in Ingredion Incorporated (NYSE:INGR - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 4,534 shares of the company's stock, valued at approximately $613,000. Ingredion accounts for 0.5% of Alamea Verwaltungs GmbH's investment portfolio, making the stock its 29th largest holding.

Other large investors have also recently made changes to their positions in the company. Alpine Bank Wealth Management acquired a new position in shares of Ingredion in the 1st quarter valued at $26,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Ingredion in the 1st quarter valued at $32,000. Ameriflex Group Inc. acquired a new position in shares of Ingredion in the 4th quarter valued at $33,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Ingredion by 40.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company's stock valued at $38,000 after purchasing an additional 80 shares during the period. Finally, Costello Asset Management INC acquired a new position in shares of Ingredion in the 1st quarter valued at $41,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Price Performance

INGR stock traded down $0.71 during midday trading on Wednesday, reaching $127.73. The stock had a trading volume of 602,548 shares, compared to its average volume of 388,252. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 1.04 and a beta of 0.77. Ingredion Incorporated has a 52-week low of $120.51 and a 52-week high of $155.44. The company's fifty day simple moving average is $131.23 and its 200 day simple moving average is $132.76. The company has a current ratio of 2.78, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41.

Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates of $2.78 by $0.09. The firm had revenue of $1.83 billion for 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%. Ingredion's quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.87 earnings per share. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. As a group, sell-side analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal 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 issued a $0.82 dividend. This is an increase from Ingredion's previous quarterly dividend of $0.80. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 1st. Ingredion's payout ratio is currently 31.22%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wall Street Zen lowered Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. UBS Group increased their target price on Ingredion from $149.00 to $151.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Ingredion presently has a consensus rating of "Hold" and a consensus price target of $151.40.

Insider Transactions at Ingredion

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

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.