Trexquant Investment LP Has $7.93 Million Stock Holdings in Ingredion Incorporated $INGR

Key Points

• Trexquant Investment LP reduced its stake in Ingredion Incorporated by 48.7%, selling 55,584 shares and leaving it with about 58,618 shares valued at approximately $7.9 million.
• Company CEO James P. Zallie sold 36,287 shares valued at around $4.59 million, resulting in a 41.99% decrease in his ownership of the stock.
• Ingredion announced an increase in its quarterly dividend from $0.80 to $0.82, representing a 2.5% dividend yield based on the current stock price.

Trexquant Investment LP cut its stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 48.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,618 shares of the company's stock after selling 55,584 shares during the period. Trexquant Investment LP owned 0.09% of Ingredion worth $7,926,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling 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 completion of the transaction, the chief executive officer owned 50,129 shares of the company's stock, valued at $6,342,321.08. This represents a 41.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Larry Fernandes sold 850 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $128.39, for a total transaction of $109,131.50. Following the sale, the senior vice president directly owned 31,171 shares in the company, valued at approximately $4,002,044.69. The trade was a 2.65% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,137 shares of company stock valued at $4,700,163. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on INGR. Wall Street Zen cut Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. UBS Group increased their target price on Ingredion from $149.00 to $151.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ingredion currently has a consensus rating of "Hold" and an average price target of $151.40.

Ingredion Price Performance

NYSE INGR traded down $0.20 during midday trading on Thursday, hitting $127.64. The company had a trading volume of 171,575 shares, compared to its average volume of 520,390. The company has a market capitalization of $8.19 billion, a PE ratio of 12.45, a P/E/G ratio of 1.04 and a beta of 0.77. The company has a current ratio of 2.78, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $131.23 and a 200-day moving average price of $132.76. Ingredion Incorporated has a twelve month low of $120.51 and a twelve month high of $155.44.

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. 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 quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.87 EPS. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. As a group, analysts anticipate that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.82 per share. This is an increase from Ingredion's previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.6%. Ingredion's payout ratio is presently 31.22%.

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.