Teza Capital Management LLC Buys Shares of 2,183 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 purchased a new position in 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 purchased 2,183 shares of the company's stock, valued at approximately $295,000.

A number of other institutional investors have also recently modified their holdings of INGR. 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 period. Millennium Management LLC lifted its holdings in Ingredion by 1,093.5% in the first quarter. Millennium Management LLC now owns 365,693 shares of the company's stock valued at $49,445,000 after acquiring an additional 335,052 shares during the period. 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 period. 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 period. Finally, Deutsche Bank AG raised its stake in shares of Ingredion by 766.7% in the first quarter. Deutsche Bank AG now owns 230,317 shares of the company's stock worth $31,141,000 after buying an additional 203,742 shares during the period. 85.27% of the stock is owned by hedge funds and other institutional investors.

Ingredion Price Performance

NYSE INGR traded down $0.63 during trading on Friday, hitting $126.25. 330,125 shares of the stock traded hands, compared to its average volume of 412,883. The company has a market capitalization of $8.10 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 1.02 and a beta of 0.77. The firm has a 50-day simple moving average of $129.91 and a 200-day simple moving average of $132.72. 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 Incorporated has a 12-month low of $120.51 and a 12-month high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings results 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. The business 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 firm's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.87 EPS. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. As a group, analysts predict that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Wednesday, October 1st will be issued a $0.82 dividend. This is a positive change from Ingredion's previous quarterly dividend of $0.80. The ex-dividend date is Wednesday, October 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.6%. Ingredion's dividend payout ratio (DPR) is presently 31.22%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CEO James P. Zallie sold 36,287 shares of the firm'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 transaction 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 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 firm's stock in a transaction that occurred on 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 $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. In the last quarter, insiders sold 37,137 shares of company stock valued at $4,700,163. Company insiders own 2.30% 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.