Jump Financial LLC Purchases 9,498 Shares of Ingredion Incorporated $INGR

Key Points

• Jump Financial LLC has increased its stake in Ingredion Incorporated by 474.2%, acquiring an additional 9,498 shares to bring its total holdings to 11,501 shares worth approximately $1.56 million.
• CEO James P. Zallie recently sold 36,287 shares at an average price of $126.52, representing a 41.99% decrease in his ownership, while other executives have also made significant stock sales.
• Ingredion announced a quarterly dividend increase to $0.82, up from $0.80, with the ex-dividend date set for October 1st, and a current dividend yield of 2.5%.

Jump Financial LLC raised its stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 474.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,501 shares of the company's stock after purchasing an additional 9,498 shares during the quarter. Jump Financial LLC's holdings in Ingredion were worth $1,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. AlphaQuest LLC boosted its holdings in Ingredion by 129.7% during the first quarter. AlphaQuest LLC now owns 5,580 shares of the company's stock valued at $754,000 after purchasing an additional 3,151 shares in the last quarter. CW Advisors LLC acquired a new stake in Ingredion during the first quarter valued at approximately $263,000. Capital Fund Management S.A. acquired a new stake in Ingredion during the first quarter valued at approximately $2,013,000. Level Four Advisory Services LLC boosted its holdings in Ingredion by 8.4% during the first quarter. Level Four Advisory Services LLC now owns 38,408 shares of the company's stock valued at $5,193,000 after purchasing an additional 2,980 shares in the last quarter. Finally, Humankind Investments LLC boosted its holdings in Ingredion by 12.6% during the first quarter. Humankind Investments LLC now owns 5,960 shares of the company's stock valued at $806,000 after purchasing an additional 668 shares in the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

Ingredion Price Performance

Shares of INGR traded up $0.49 on Monday, hitting $129.54. The company's stock had a trading volume of 439,732 shares, compared to its average volume of 424,221. 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 company has a 50 day moving average price of $131.74 and a 200 day moving average price of $132.81. Ingredion Incorporated has a fifty-two week low of $120.51 and a fifty-two week high of $155.44. The company has a market capitalization of $8.31 billion, a PE ratio of 12.64, a PEG ratio of 1.04 and a beta of 0.77.

Ingredion (NYSE:INGR - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $2.87 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.09. The firm 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%.The business's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $2.87 EPS. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. On average, research analysts anticipate 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. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.82 per share. The ex-dividend date is Wednesday, October 1st. This is an increase from Ingredion's previous quarterly dividend of $0.80. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.5%. Ingredion's dividend payout ratio is presently 31.22%.

Insider Buying and Selling at Ingredion

In other Ingredion news, CEO James P. Zallie sold 36,287 shares of the company'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 completion of the sale, the chief executive officer owned 50,129 shares in the company, valued at approximately $6,342,321.08. The trade was a 41.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Larry Fernandes sold 850 shares of the company'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 of the company's stock, valued at $4,002,044.69. The trade was a 2.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,137 shares of company stock valued at $4,700,163 in the last quarter. Corporate insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on INGR shares. Wall Street Zen downgraded Ingredion from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. UBS Group boosted their target price on Ingredion from $149.00 to $151.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $151.40.

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.