Level Four Advisory Services LLC Boosts Stock Position in Ingredion Incorporated $INGR

Key Points

• Level Four Advisory Services LLC increased its stake in Ingredion Incorporated by 8.4% during Q1, holding 38,408 shares worth approximately $5.19 million at the end of the reporting period.
• Ingredion's recent quarterly earnings showed a report of $2.87 EPS, exceeding estimates, though revenue declined 2.4% year-over-year, with a current guidance set at 11.100-11.600 EPS for FY 2025.
• Insider selling included CEO James P. Zallie selling 36,287 shares valued at over $4.5 million, which represents a significant decrease in his ownership of the stock.

Level Four Advisory Services LLC grew its stake in Ingredion Incorporated (NYSE:INGR - Free Report) by 8.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,408 shares of the company's stock after purchasing an additional 2,980 shares during the period. Level Four Advisory Services LLC owned approximately 0.06% of Ingredion worth $5,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Ingredion by 327.2% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 531,413 shares of the company's stock valued at $73,101,000 after acquiring an additional 407,027 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in Ingredion by 42.9% in the first quarter. Allianz Asset Management GmbH now owns 1,204,347 shares of the company's stock valued at $162,840,000 after acquiring an additional 361,584 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Ingredion by 536.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 361,153 shares of the company's stock valued at $49,680,000 after acquiring an additional 304,421 shares during the last quarter. Northern Trust Corp lifted its holdings in Ingredion by 37.0% in the first quarter. Northern Trust Corp now owns 982,789 shares of the company's stock valued at $132,883,000 after acquiring an additional 265,263 shares during the last quarter. Finally, Boston Partners lifted its holdings in Ingredion by 333.9% in the first quarter. Boston Partners now owns 273,851 shares of the company's stock valued at $36,868,000 after acquiring an additional 210,737 shares during the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

INGR has been the topic of a number of recent analyst reports. Wall Street Zen cut Ingredion from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. UBS Group upped their price objective on Ingredion from $149.00 to $151.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Ingredion has an average rating of "Hold" and an average price target of $151.40.

Ingredion Trading Up 0.2%

NYSE:INGR traded up $0.31 during trading hours on Tuesday, reaching $128.33. 101,308 shares of the stock were exchanged, compared to its average volume of 519,255. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average of $132.39 and a two-hundred day moving average of $132.78. Ingredion Incorporated has a twelve month low of $120.51 and a twelve month high of $155.44. The company has a market capitalization of $8.24 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.03 and a beta of 0.71.

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

Insider Buying and Selling at Ingredion

In other news, CEO James P. Zallie sold 36,287 shares of the stock in a transaction on 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 directly owned 50,129 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Larry Fernandes sold 850 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $128.39, for a total value of $109,131.50. Following the completion of the sale, the senior vice president owned 31,171 shares in the company, valued at approximately $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. Over the last quarter, insiders sold 37,137 shares of company stock worth $4,700,163. Insiders own 1.80% of the company's stock.

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.