AlphaQuest LLC Acquires 3,151 Shares of Ingredion Incorporated $INGR

Key Points

• AlphaQuest LLC increased its stake in Ingredion Incorporated by 129.7%, acquiring an additional 3,151 shares, bringing its total holdings to 5,580 shares valued at approximately $754,000.
• Ingredion's stock recently opened at $129.0880, with a market capitalization of $8.28 billion and expectations for FY 2025 EPS guidance set between 11.100-11.600.
• Insiders at Ingredion, including senior executives, have recently sold significant portions of their shares, indicating a 2.65% decrease in holdings for the SVP and a 41.99% decrease for the CEO.

AlphaQuest LLC grew its holdings in Ingredion Incorporated (NYSE:INGR - Free Report) by 129.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,580 shares of the company's stock after purchasing an additional 3,151 shares during the period. AlphaQuest LLC's holdings in Ingredion were worth $754,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Alpine Bank Wealth Management bought a new stake in Ingredion during the 1st quarter valued at $26,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Ingredion in the 1st quarter worth about $32,000. Ameriflex Group Inc. purchased a new position in Ingredion during the 4th quarter valued at about $33,000. Migdal Insurance & Financial Holdings Ltd. increased its position 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 valued at $38,000 after buying an additional 80 shares during the period. Finally, Costello Asset Management INC purchased a new position in Ingredion during the first quarter valued at approximately $41,000. 85.27% of the stock is owned by institutional investors.

Insider Transactions at Ingredion

In other Ingredion news, 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Larry Fernandes sold 850 shares of the stock in a transaction that occurred 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 sale, the senior vice president directly owned 31,171 shares of the company's stock, valued at approximately $4,002,044.69. This trade represents a 2.65% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 37,137 shares of company stock valued at $4,700,163. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen cut shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. UBS Group boosted their target price on Ingredion from $149.00 to $151.00 and gave the stock a "neutral" rating in a research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $151.40.

Ingredion Price Performance

INGR traded up $0.47 during midday trading on Friday, hitting $129.52. The stock had a trading volume of 212,141 shares, compared to its average volume of 519,560. Ingredion Incorporated has a 1 year low of $120.51 and a 1 year high of $155.44. 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 business has a fifty day moving average of $131.89 and a 200 day moving average of $132.73. The company has a market cap of $8.31 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 1.03 and a beta of 0.71.

Ingredion (NYSE:INGR - Get Free Report) last announced its quarterly earnings data 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. Ingredion had a net margin of 9.24% and a return on equity of 19.04%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the business posted $2.87 EPS. The business's quarterly revenue was down 2.4% on a year-over-year basis. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. As a group, equities analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders 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 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, October 1st. Ingredion's dividend payout ratio (DPR) is presently 31.22%.

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.