Level Four Advisory Services LLC Purchases 2,980 Shares of 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 position in Ingredion Incorporated (NYSE:INGR - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm 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 about 0.06% of Ingredion worth $5,193,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Humankind Investments LLC raised its holdings in Ingredion by 12.6% in the first quarter. Humankind Investments LLC now owns 5,960 shares of the company's stock worth $806,000 after purchasing an additional 668 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Ingredion by 43.4% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,193 shares of the company's stock worth $565,000 after purchasing an additional 1,270 shares during the period. Hsbc Holdings PLC raised its holdings in Ingredion by 117.1% in the first quarter. Hsbc Holdings PLC now owns 73,233 shares of the company's stock worth $9,840,000 after purchasing an additional 39,502 shares during the period. Northern Trust Corp raised its holdings in Ingredion by 37.0% in the first quarter. Northern Trust Corp now owns 982,789 shares of the company's stock worth $132,883,000 after purchasing an additional 265,263 shares during the period. Finally, Brooklyn Investment Group raised its holdings in Ingredion by 786.0% in the first quarter. Brooklyn Investment Group now owns 443 shares of the company's stock worth $60,000 after purchasing an additional 393 shares during the period. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ingredion

In other news, CEO James P. Zallie sold 36,287 shares of Ingredion stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $126.52, for a total value of $4,591,031.24. Following the completion of the transaction, the chief executive officer owned 50,129 shares of the company's stock, valued at $6,342,321.08. This trade represents a 41.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Larry Fernandes sold 850 shares of Ingredion stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $128.39, for a total transaction of $109,131.50. Following the completion of the transaction, the senior vice president directly owned 31,171 shares of the company's stock, 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. Insiders sold a total of 37,137 shares of company stock worth $4,700,163 over the last quarter. Company insiders own 2.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on INGR. UBS Group increased their target price on shares of Ingredion from $149.00 to $151.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Wall Street Zen lowered shares of Ingredion from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $151.40.

Ingredion Stock Up 1.1%

Shares of NYSE:INGR traded up $1.4480 during midday trading on Friday, reaching $129.0880. 388,783 shares of the company were exchanged, compared to its average volume of 448,493. Ingredion Incorporated has a fifty-two week low of $120.51 and a fifty-two week high of $155.44. 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 stock has a fifty day simple moving average of $132.58 and a two-hundred day simple moving average of $132.74. The firm has a market cap of $8.28 billion, a PE ratio of 12.59, a P/E/G ratio of 1.03 and a beta of 0.71.

Ingredion (NYSE:INGR - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $2.87 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.89 billion. During the same period last year, the business posted $2.87 earnings per share. The firm's quarterly revenue was down 2.4% on a year-over-year basis. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. As a group, sell-side analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current year.

About Ingredion

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.