Fiduciary Family Office LLC Sells 2,248 Shares of Ingredion Incorporated $INGR

Key Points

• Fiduciary Family Office LLC sold 2,248 shares of Ingredion, reducing its stake by 28% and leaving it with 5,788 shares valued at approximately $785,000.
• CEO James P. Zallie sold 36,287 shares of Ingredion stock, representing a 41.99% decrease in his ownership, while other insiders sold a total of 37,137 shares in the last ninety days.
• Ingredion announced a quarterly dividend of $0.82, increased from $0.80, which will be paid to investors on October 21st, reflecting a 2.7% yield.

Fiduciary Family Office LLC decreased its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 28.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,788 shares of the company's stock after selling 2,248 shares during the period. Fiduciary Family Office LLC's holdings in Ingredion were worth $785,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in INGR. Wealth Enhancement Advisory Services LLC increased its position in Ingredion by 10.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,305 shares of the company's stock worth $1,664,000 after buying an additional 1,114 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Ingredion by 5.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,443 shares of the company's stock worth $736,000 after buying an additional 257 shares during the period. Oppenheimer & Co. Inc. increased its position in Ingredion by 24.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 26,953 shares of the company's stock worth $3,644,000 after buying an additional 5,215 shares during the period. Spirepoint Private Client LLC increased its position in Ingredion by 4.2% during the 1st quarter. Spirepoint Private Client LLC now owns 37,037 shares of the company's stock worth $5,008,000 after buying an additional 1,489 shares during the period. Finally, Retirement Guys Formula LLC increased its position in Ingredion by 5.7% during the 1st quarter. Retirement Guys Formula LLC now owns 1,566 shares of the company's stock worth $212,000 after buying an additional 84 shares during the period. Institutional investors own 85.27% of the company's stock.

Insider Activity

In other news, CEO James P. Zallie sold 36,287 shares of Ingredion stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $126.52, for a total transaction of $4,591,031.24. Following the sale, the chief executive officer directly owned 50,129 shares of the company's stock, valued at approximately $6,342,321.08. This trade represents a 41.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Larry Fernandes sold 850 shares of Ingredion stock in a transaction dated 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 in the company, valued at $4,002,044.69. The trade was a 2.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,137 shares of company stock worth $4,700,163 over the last ninety days. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on INGR shares. UBS Group lowered their price objective on Ingredion from $144.00 to $130.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. Weiss Ratings restated a "buy (b)" rating on shares of Ingredion in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Ingredion from a "hold" rating to a "buy" rating in a research report on Sunday. Three equities 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.20.

Ingredion Stock Performance

NYSE:INGR opened at $121.57 on Tuesday. The stock's 50-day simple moving average is $124.45 and its 200 day simple moving average is $130.72. The firm has a market capitalization of $7.80 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 0.96 and a beta of 0.74. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41. Ingredion Incorporated has a twelve month low of $118.56 and a twelve month high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $2.87 earnings per share 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 revenue was down 2.4% compared to the same quarter last year. During the same period last 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 fiscal year.

Ingredion Increases Dividend

The firm also recently disclosed 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. This represents a $3.28 annualized dividend and a yield of 2.7%. This is a boost from Ingredion's previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Wednesday, October 1st. Ingredion's payout ratio is 32.00%.

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.

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