Teza Capital Management LLC Makes New $295,000 Investment in Ingredion Incorporated $INGR

Key Points

• Teza Capital Management LLC acquired 2,183 shares of Ingredion Incorporated, worth approximately $295,000, marking a new position for the firm in the first quarter.
• Ingredion announced a quarterly dividend of $0.82, up from the previous $0.80, reflecting a robust yield of 2.6% and a payout ratio of 31.22%.
• Recent earnings showed a beat of analyst expectations with $2.87 EPS versus the projected $2.78, despite a revenue decline of 2.4% year-over-year, bringing forth a guidance of 11.100-11.600 EPS for FY 2025.

Teza Capital Management LLC acquired a new position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,183 shares of the company's stock, valued at approximately $295,000.

Other large investors have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new stake in Ingredion during the first quarter worth about $26,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Ingredion during the first quarter valued at approximately $32,000. Ameriflex Group Inc. bought a new stake in shares of Ingredion during the fourth quarter valued at approximately $33,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Ingredion by 40.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company's stock valued at $38,000 after purchasing an additional 80 shares during the last quarter. Finally, Costello Asset Management INC bought a new stake in shares of Ingredion during the first quarter valued at approximately $41,000. 85.27% of the stock is owned by institutional investors.

Ingredion Trading Down 0.5%

NYSE INGR traded down $0.63 during trading hours on Friday, hitting $126.25. The company's stock had a trading volume of 330,125 shares, compared to its average volume of 410,874. The stock has a fifty day moving average of $129.91 and a 200 day moving average of $132.76. Ingredion Incorporated has a twelve month low of $120.51 and a twelve month high of $155.44. The firm has a market capitalization of $8.10 billion, a P/E ratio of 12.32, a PEG ratio of 1.01 and a beta of 0.77. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41.

Ingredion (NYSE:INGR - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $2.87 earnings per share for the quarter, beating the consensus estimate 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 in the prior year, the business posted $2.87 earnings per share. Ingredion's revenue was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Equities research analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Increases Dividend

The firm also recently disclosed 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 an increase from Ingredion's previous quarterly dividend of $0.80. This represents a $3.28 annualized dividend and a yield of 2.6%. The ex-dividend date is Wednesday, October 1st. Ingredion's dividend payout ratio (DPR) is currently 31.22%.

Wall Street Analysts Forecast Growth

INGR has been the topic of several research analyst reports. UBS Group increased their price target on shares of Ingredion from $149.00 to $151.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Wall Street Zen raised shares of Ingredion from a "hold" rating to a "buy" rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $151.40.

Insider Activity at Ingredion

In related news, CEO James P. Zallie sold 36,287 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 50,129 shares in the company, valued at $6,342,321.08. This represents a 41.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Larry Fernandes sold 850 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 31,171 shares in the company, valued at $4,002,044.69. This represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,137 shares of company stock worth $4,700,163 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

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.