Ingredion Incorporated $INGR Stock Position Increased by Foster & Motley Inc.

Key Points

• Foster & Motley Inc. increased its position in Ingredion by 20.6% during Q2, resulting in holdings worth $3.9 million.
• Ingredion recently announced a quarterly dividend increase to $0.82 per share, reflecting a 2.7% yield for shareholders.
• Wall Street analysts have mixed ratings on Ingredion, with a consensus of Moderate Buy and an average target price of $147.20.

Foster & Motley Inc. lifted its position in Ingredion Incorporated (NYSE:INGR - Free Report) by 20.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,734 shares of the company's stock after buying an additional 4,902 shares during the period. Foster & Motley Inc.'s holdings in Ingredion were worth $3,897,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Nordea Investment Management AB lifted its holdings in shares of Ingredion by 66.3% during the second quarter. Nordea Investment Management AB now owns 722,933 shares of the company's stock valued at $97,531,000 after purchasing an additional 288,201 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Ingredion by 15.6% during the second quarter. Ritholtz Wealth Management now owns 21,970 shares of the company's stock valued at $2,980,000 after purchasing an additional 2,965 shares during the last quarter. Morningstar Investment Management LLC purchased a new stake in shares of Ingredion during the second quarter valued at $251,000. Verdence Capital Advisors LLC lifted its holdings in shares of Ingredion by 4.7% during the second quarter. Verdence Capital Advisors LLC now owns 3,666 shares of the company's stock valued at $497,000 after purchasing an additional 163 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Ingredion during the second quarter valued at $781,000. 85.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on INGR shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ingredion in a report on Wednesday, October 8th. Wall Street Zen downgraded Ingredion from a "buy" rating to a "hold" rating in a report on Saturday, October 11th. Finally, UBS Group reduced their target price on Ingredion from $144.00 to $130.00 and set a "neutral" rating for the company in a report on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Ingredion presently has a consensus rating of "Moderate Buy" and an average target price of $147.20.

Insider Activity

In other Ingredion news, SVP Larry Fernandes sold 850 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $128.39, for a total value of $109,131.50. Following the transaction, the senior vice president directly owned 31,171 shares of the company's stock, valued at $4,002,044.69. This represents a 2.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James P. Zallie sold 36,287 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $126.52, for a total value of $4,591,031.24. Following the sale, the chief executive officer 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 position. 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. Insiders own 2.30% of the company's stock.

Ingredion Stock Performance

Shares of INGR stock opened at $121.46 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. Ingredion Incorporated has a fifty-two week low of $118.56 and a fifty-two week high of $155.44. The stock's 50-day moving average is $124.54 and its two-hundred day moving average is $130.85. The firm has a market cap of $7.79 billion, a P/E ratio of 11.85, a PEG ratio of 0.96 and a beta of 0.74.

Ingredion (NYSE:INGR - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.09. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the firm posted $2.87 EPS. The business's revenue 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 given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, October 1st. This is an increase from Ingredion's previous quarterly dividend of $0.80. Ingredion's payout ratio is currently 32.00%.

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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