CW Advisors LLC Makes New $263,000 Investment in Ingredion Incorporated $INGR

Key Points

• CW Advisors LLC has acquired 1,944 shares of Ingredion Incorporated, worth approximately $263,000, indicating increased institutional interest in the company's stock.
• Ingredion's stock has seen a dividend increase of $0.82 per share, up from $0.80, with a dividend yield of 2.5% and a payout ratio of 31.22%.
• After a recent quarterly earnings report, where Ingredion beat EPS estimates but fell short on revenue, analysts have mixed ratings with a consensus target price of $151.40 for the stock.

CW Advisors LLC acquired a new stake in Ingredion Incorporated (NYSE:INGR - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,944 shares of the company's stock, valued at approximately $263,000.

Other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Ingredion in the 1st quarter valued at approximately $646,000. Jupiter Asset Management Ltd. raised its stake in shares of Ingredion by 38.2% in the 1st quarter. Jupiter Asset Management Ltd. now owns 342,190 shares of the company's stock valued at $46,268,000 after acquiring an additional 94,575 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Ingredion by 8.4% in the 1st quarter. Brown Advisory Inc. now owns 2,318 shares of the company's stock valued at $313,000 after acquiring an additional 180 shares in the last quarter. Transcend Capital Advisors LLC raised its stake in shares of Ingredion by 156.7% in the 1st quarter. Transcend Capital Advisors LLC now owns 11,086 shares of the company's stock valued at $1,499,000 after acquiring an additional 6,768 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Ingredion by 24.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 26,953 shares of the company's stock valued at $3,644,000 after acquiring an additional 5,215 shares in the last quarter. 85.27% of the stock is owned by institutional investors.

Ingredion Stock Performance

Shares of INGR traded up $0.49 on Monday, reaching $129.54. 439,732 shares of the stock traded hands, compared to its average volume of 424,221. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 1.04 and a beta of 0.77. 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 stock's 50-day moving average price is $131.74 and its 200-day moving average price is $132.81.

Ingredion (NYSE:INGR - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.78 by $0.09. The business 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 quarter in the previous year, the firm earned $2.87 EPS. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Equities analysts forecast that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Wednesday, October 1st will be paid a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $3.28 annualized dividend and a yield of 2.5%. This is a positive change from Ingredion's previous quarterly dividend of $0.80. Ingredion's payout ratio is presently 31.22%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on INGR shares. UBS Group upped their price target on Ingredion from $149.00 to $151.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Wall Street Zen lowered Ingredion from a "strong-buy" rating to a "buy" rating in a report 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 Buying and Selling at Ingredion

In related news, SVP Larry Fernandes sold 850 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $128.39, for a total value of $109,131.50. Following the sale, the senior vice president owned 31,171 shares of the company's stock, valued at $4,002,044.69. The trade was a 2.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James P. Zallie sold 36,287 shares of the business's stock in a transaction on 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 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,137 shares of company stock worth $4,700,163. 1.80% of the stock is 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.