Friedenthal Financial Makes New $962,000 Investment in Ingredion Incorporated $INGR

Key Points

• Friedenthal Financial made a significant investment of approximately $962,000 in Ingredion Incorporated, acquiring 7,090 shares in the second quarter.
• Ingredion recently reported $2.87 earnings per share for the last quarter, exceeding analysts' expectations, but also announced a decrease in revenue compared to the same quarter last year.
• The company announced a quarterly dividend increase to $0.82, with payment scheduled for October 21st, reflecting a 2.7% yield for shareholders.

Friedenthal Financial bought a new stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,090 shares of the company's stock, valued at approximately $962,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alpine Bank Wealth Management bought a new position in shares of Ingredion during the 1st quarter valued at approximately $26,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Ingredion during the 1st quarter valued at approximately $32,000. Migdal Insurance & Financial Holdings Ltd. grew its position 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 valued at $38,000 after acquiring an additional 80 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Ingredion during the 2nd quarter valued at approximately $40,000. Finally, Costello Asset Management INC bought a new position in shares of Ingredion during the 1st quarter valued at approximately $41,000. 85.27% of the stock is owned by institutional investors.

Ingredion Stock Performance

NYSE INGR opened at $120.65 on Wednesday. Ingredion Incorporated has a 1 year low of $119.31 and a 1 year high of $155.44. 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 has a market capitalization of $7.74 billion, a PE ratio of 11.77, a P/E/G ratio of 0.95 and a beta of 0.74. The company's 50 day simple moving average is $125.67 and its two-hundred day simple moving average is $131.61.

Ingredion (NYSE:INGR - Get Free Report) last posted 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. Ingredion had a net margin of 9.24% and a return on equity of 19.04%. The business had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.89 billion. During the same period in the prior year, the company posted $2.87 EPS. The business's revenue for the quarter was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Wednesday, October 1st will be paid a $0.82 dividend. The ex-dividend date is Wednesday, October 1st. 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. Ingredion's dividend payout ratio is currently 32.00%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Ingredion from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Weiss Ratings restated a "buy (b)" rating on shares of Ingredion in a research note on Saturday, September 27th. Finally, UBS Group dropped their price target on shares of Ingredion from $144.00 to $130.00 and set a "neutral" rating on the stock in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ingredion currently has a consensus rating of "Moderate Buy" and an average price target of $147.20.

Insider Buying and Selling at Ingredion

In other news, CEO James P. Zallie sold 36,287 shares of the firm's stock in a transaction on 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 sale, the chief executive officer owned 50,129 shares in the company, valued at approximately $6,342,321.08. This trade represents a 41.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Larry Fernandes sold 850 shares of the firm's stock in a transaction on Monday, August 4th. The shares were 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 in the company, valued at approximately $4,002,044.69. This trade represents a 2.65% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,137 shares of company stock worth $4,700,163. Corporate insiders own 1.80% 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.

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