Lecap Asset Management Ltd. Invests $521,000 in Ingredion Incorporated $INGR

Key Points

• Lecap Asset Management Ltd. has invested approximately $521,000 in Ingredion Incorporated by purchasing 3,840 shares in the second quarter.
• Ingredion recently declared a quarterly dividend of $0.82, which represents a slight increase from the previous dividend of $0.80 and reflects an annualized yield of 2.7%.
• In its latest earnings report, Ingredion surpassed analysts' expectations with earnings per share of $2.87, although its revenue of $1.83 billion fell slightly short of estimates.

Lecap Asset Management Ltd. purchased a new stake in Ingredion Incorporated (NYSE:INGR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,840 shares of the company's stock, valued at approximately $521,000.

Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Ingredion by 8.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,191 shares of the company's stock worth $1,539,000 after acquiring an additional 905 shares in the last quarter. NBC Securities Inc. boosted its stake in Ingredion by 180,400.0% during the 1st quarter. NBC Securities Inc. now owns 1,805 shares of the company's stock valued at $244,000 after purchasing an additional 1,804 shares during the last quarter. Merit Financial Group LLC increased its holdings in Ingredion by 37.4% during the 1st quarter. Merit Financial Group LLC now owns 3,133 shares of the company's stock worth $424,000 after purchasing an additional 852 shares in the last quarter. Whipplewood Advisors LLC raised its stake in shares of Ingredion by 737.3% in the first quarter. Whipplewood Advisors LLC now owns 427 shares of the company's stock worth $58,000 after purchasing an additional 376 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Ingredion by 14.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 6,041 shares of the company's stock valued at $817,000 after purchasing an additional 766 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company's stock.

Ingredion Trading Down 1.6%

NYSE INGR opened at $119.68 on Friday. The business's fifty day moving average is $126.37 and its 200-day moving average is $131.84. 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 $7.68 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 0.97 and a beta of 0.74. Ingredion Incorporated has a one year low of $119.43 and a one year high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.78 by $0.09. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.89 billion. Ingredion had a net margin of 9.24% and a return on equity of 19.04%. The firm's quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.87 earnings per share. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Equities research analysts predict that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Wednesday, October 1st will be issued a $0.82 dividend. This is a boost from Ingredion's previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.7%. Ingredion's payout ratio is presently 32.00%.

Analyst Ratings Changes

INGR has been the subject of a number of analyst reports. UBS Group increased their price target on Ingredion from $149.00 to $151.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Wall Street Zen upgraded shares of Ingredion from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. 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 a consensus price target of $151.40.

Insider Activity at Ingredion

In other news, SVP Larry Fernandes sold 850 shares of the company's stock in a transaction 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 transaction, the senior vice president 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $4,591,031.24. Following the completion of 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,137 shares of company stock worth $4,700,163. 2.30% of the stock is owned by company insiders.

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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