Ingredion Incorporated $INGR Stock Position Lifted by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its holdings in Ingredion by 6.9% in Q1, owning 2,755,683 shares worth approximately $372.6 million.
• Ingredion reported a quarterly earnings per share of $2.87, exceeding analysts' expectations, although revenue fell 2.4% year-over-year to $1.83 billion.
• A recent quarterly dividend of $0.80 per share was declared, representing a yield of 2.5% and a payout ratio of 31.22%.

Dimensional Fund Advisors LP increased its position in Ingredion Incorporated (NYSE:INGR - Free Report) by 6.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,755,683 shares of the company's stock after purchasing an additional 177,387 shares during the period. Dimensional Fund Advisors LP owned 4.29% of Ingredion worth $372,594,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. 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 buying an additional 80 shares in the last quarter. Waverly Advisors LLC grew its holdings in Ingredion by 3.8% during the fourth quarter. Waverly Advisors LLC now owns 2,303 shares of the company's stock worth $317,000 after acquiring an additional 84 shares during the period. Retirement Guys Formula LLC raised its position in Ingredion by 5.7% in the first quarter. Retirement Guys Formula LLC now owns 1,566 shares of the company's stock worth $212,000 after acquiring an additional 84 shares in the last quarter. Wealthspire Advisors LLC lifted its holdings 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 period. Finally, Hancock Whitney Corp boosted its position in shares of Ingredion by 1.6% during the 4th quarter. Hancock Whitney Corp now owns 6,854 shares of the company's stock worth $943,000 after purchasing an additional 108 shares in the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INGR has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Ingredion from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. UBS Group boosted their price target on Ingredion from $149.00 to $151.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $151.40.

Ingredion Price Performance

Ingredion stock traded up $1.0050 during midday trading on Thursday, reaching $127.7550. 89,824 shares of the company were exchanged, compared to its average volume of 521,596. The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 1.01 and a beta of 0.71. 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 firm's 50-day simple moving average is $133.00 and its 200-day simple moving average is $132.73. Ingredion Incorporated has a 1 year low of $120.51 and a 1 year high of $155.44.

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, topping the consensus estimate of $2.78 by $0.09. The company had revenue of $1.83 billion during 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%.The firm's revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.87 earnings per share. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. On average, analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current year.

Insider Buying and Selling

In related news, SVP Larry Fernandes sold 850 shares of the company's stock in a transaction that occurred on 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 directly owned 31,171 shares of the company's stock, valued at approximately $4,002,044.69. This represents a 2.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James P. Zallie sold 36,287 shares of Ingredion 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 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,137 shares of company stock worth $4,700,163. 2.30% of the stock is currently owned by corporate insiders.

About Ingredion

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.