Ingredion Incorporated $INGR Shares Bought by Sei Investments Co.

Key Points

• Sei Investments Co. increased its stake in Ingredion Incorporated by 2.9%, owning 153,456 shares valued at approximately $20.81 million, as reported in its latest SEC filing.
• Ingredion announced a quarterly dividend of $0.80, reflecting an annualized yield of 2.5%, with a payout ratio currently set at 31.22%.
• The company reported earnings per share (EPS) of $2.87 for the last quarter, surpassing analysts' expectations, though year-over-year revenue decreased by 2.4% to $1.83 billion.

Sei Investments Co. raised its position in Ingredion Incorporated (NYSE:INGR - Free Report) by 2.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 153,456 shares of the company's stock after acquiring an additional 4,307 shares during the period. Sei Investments Co. owned approximately 0.24% of Ingredion worth $20,806,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Cookson Peirce & Co. Inc. boosted its position in shares of Ingredion by 14.0% during the first quarter. Cookson Peirce & Co. Inc. now owns 5,070 shares of the company's stock valued at $686,000 after buying an additional 621 shares during the last quarter. Boston Partners boosted its position in shares of Ingredion by 333.9% during the first quarter. Boston Partners now owns 273,851 shares of the company's stock valued at $36,868,000 after buying an additional 210,737 shares during the last quarter. Prudential PLC boosted its position in shares of Ingredion by 313.1% during the first quarter. Prudential PLC now owns 13,466 shares of the company's stock valued at $1,821,000 after buying an additional 10,206 shares during the last quarter. SouthState Corp purchased a new position in shares of Ingredion during the first quarter valued at approximately $41,000. Finally, CCM Investment Group LLC purchased a new position in shares of Ingredion during the first quarter valued at approximately $396,000. Hedge funds and other institutional investors own 85.27% of the company's stock.

Ingredion Price Performance

Ingredion stock traded up $0.9920 during midday trading on Tuesday, hitting $126.2620. 98,877 shares of the company's stock were exchanged, compared to its average volume of 524,132. Ingredion Incorporated has a 52-week low of $120.51 and a 52-week high of $155.44. The stock has a 50-day moving average price of $133.49 and a two-hundred day moving average price of $132.82. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 2.78. The company has a market cap of $8.10 billion, a P/E ratio of 12.32, a PEG ratio of 1.01 and a beta of 0.71.

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 firm had revenue of $1.83 billion during 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 company's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.87 EPS. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. On average, equities research analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 1st were issued a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.5%. Ingredion's dividend payout ratio (DPR) is presently 31.22%.

Insiders Place Their Bets

In other news, SVP Larry Fernandes sold 850 shares of Ingredion 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 sale, the senior vice president directly owned 31,171 shares of the company's stock, valued at approximately $4,002,044.69. The trade was a 2.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James P. Zallie sold 36,287 shares of the business's stock in a transaction that occurred 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 $6,342,321.08. The trade was a 41.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,137 shares of company stock worth $4,700,163. Company insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on INGR. Oppenheimer cut their price objective on Ingredion from $167.00 to $155.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen cut Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, UBS Group boosted their price objective on Ingredion from $149.00 to $151.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Ingredion presently has a consensus rating of "Hold" and a consensus price target of $151.40.

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.