Chicago Partners Investment Group LLC Invests $332,000 in Ingredion Incorporated $INGR

Key Points

• Chicago Partners Investment Group LLC invested approximately $332,000 in Ingredion Incorporated, acquiring 2,472 shares during the second quarter.
• Ingredion recently reported $2.87 earnings per share (EPS) for the last quarter, exceeding the consensus estimate by $0.09, while also announcing a dividend increase to $0.82 per share.
• Research analysts have mixed opinions on Ingredion, with three analysts giving a "Buy" rating and others setting a consensus price target of around $143.40.

Chicago Partners Investment Group LLC acquired a new position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,472 shares of the company's stock, valued at approximately $332,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Ingredion by 40.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company's stock worth $38,000 after purchasing an additional 80 shares in the last quarter. Wealthspire Advisors LLC raised its stake in shares of Ingredion by 5.8% during the 1st quarter. Wealthspire Advisors LLC now owns 1,685 shares of the company's stock worth $228,000 after purchasing an additional 92 shares in the last quarter. Bell Investment Advisors Inc raised its stake in shares of Ingredion by 41.2% during the 1st quarter. Bell Investment Advisors Inc now owns 346 shares of the company's stock worth $47,000 after purchasing an additional 101 shares in the last quarter. KBC Group NV raised its stake in shares of Ingredion by 4.3% during the 1st quarter. KBC Group NV now owns 2,624 shares of the company's stock worth $355,000 after purchasing an additional 109 shares in the last quarter. Finally, Impact Partnership Wealth LLC raised its stake in shares of Ingredion by 6.6% during the 1st quarter. Impact Partnership Wealth LLC now owns 1,800 shares of the company's stock worth $243,000 after purchasing an additional 111 shares in the last quarter. Institutional investors own 85.27% of the company's stock.

Ingredion Stock Performance

Shares of NYSE INGR opened at $119.22 on Friday. 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 stock's fifty day moving average price is $124.02 and its two-hundred day moving average price is $130.53. Ingredion Incorporated has a one year low of $118.56 and a one year high of $155.44. The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 0.98 and a beta of 0.74.

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

Ingredion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.82 per share. This is an increase from Ingredion's previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $3.28 annualized dividend and a dividend yield of 2.8%. Ingredion's payout ratio is currently 32.00%.

Analysts Set New Price Targets

INGR has been the topic of a number of research analyst reports. UBS Group dropped their price target on Ingredion from $144.00 to $130.00 and set a "neutral" rating on the stock in a research note on Monday, October 6th. Weiss Ratings restated a "buy (b)" rating on shares of Ingredion in a research note on Wednesday, October 8th. Oppenheimer set a $136.00 price target on Ingredion in a research note on Wednesday. Finally, Wall Street Zen upgraded Ingredion from a "hold" rating to a "buy" rating in a research note on Sunday, October 19th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Ingredion presently has a consensus rating of "Moderate Buy" and an average price target of $143.40.

Insider Buying and Selling at Ingredion

In other Ingredion news, SVP Larry Fernandes sold 850 shares of the business'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 completion of the transaction, the senior vice president owned 31,171 shares of the company's stock, valued at approximately $4,002,044.69. The trade was a 2.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value 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. This represents a 41.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,137 shares of company stock worth $4,700,163. 2.30% of the stock is currently owned by insiders.

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.

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