Capital Fund Management S.A. Invests $2.01 Million in Ingredion Incorporated $INGR

Key Points

• Capital Fund Management S.A. has acquired a new stake in Ingredion Incorporated in the first quarter, purchasing 14,885 shares valued at approximately $2,013,000.
• Insider trading activity reported includes CEO James P. Zallie selling 36,287 shares, reflecting a 41.99% decrease in his position, and SVP Larry Fernandes selling 850 shares.
• Wall Street has mixed recommendations for Ingredion, with an average rating of "Hold" and a consensus price target of $151.40.

Capital Fund Management S.A. acquired a new stake in Ingredion Incorporated (NYSE:INGR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,885 shares of the company's stock, valued at approximately $2,013,000.

Other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of 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 period. Waverly Advisors LLC increased its holdings in shares of Ingredion by 3.8% in the fourth quarter. Waverly Advisors LLC now owns 2,303 shares of the company's stock worth $317,000 after purchasing an additional 84 shares during the period. Retirement Guys Formula LLC increased its stake in Ingredion by 5.7% in the first quarter. Retirement Guys Formula LLC now owns 1,566 shares of the company's stock valued at $212,000 after acquiring an additional 84 shares during the last quarter. Wealthspire Advisors LLC increased its stake in Ingredion by 5.8% in the first 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 increased its stake 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 during the last quarter. Hedge funds and other institutional investors own 85.27% of the company's stock.

Ingredion Trading Up 0.3%

NYSE INGR traded up $0.43 during trading on Friday, hitting $129.48. 195,473 shares of the company's stock traded hands, compared to its average volume of 519,401. The stock has a fifty day moving average of $131.89 and a two-hundred day moving average of $132.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.78 and a quick ratio of 1.81. Ingredion Incorporated has a 12-month low of $120.51 and a 12-month high of $155.44. The firm has a market cap of $8.31 billion, a P/E ratio of 12.64, a PEG ratio of 1.03 and a beta of 0.71.

Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.09. Ingredion had a net margin of 9.24% and a return on equity of 19.04%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the business posted $2.87 earnings per share. The company's 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, sell-side analysts expect that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.82 per share. The ex-dividend date is Wednesday, October 1st. This is a positive change from Ingredion's previous quarterly dividend of $0.80. This represents a $3.28 annualized dividend and a yield of 2.5%. Ingredion's dividend payout ratio (DPR) is currently 31.22%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on INGR shares. UBS Group increased 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 "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Ingredion presently has a consensus rating of "Hold" and an average target price of $151.40.

Insider Activity

In other news, CEO James P. Zallie sold 36,287 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 50,129 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Also, SVP Larry Fernandes sold 850 shares of the 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 owned 31,171 shares of the company's stock, valued at approximately $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. Over the last 90 days, insiders have sold 37,137 shares of company stock valued at $4,700,163. Company insiders own 2.30% of the company's stock.

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.