Insider Selling: Ingredion (NYSE:INGR) CEO Sells 36,287 Shares of Stock

Key Points

• Ingredion CEO James P. Zallie sold 36,287 shares of stock, decreasing his ownership by 41.99%, with the sale valued at approximately $4.59 million.
• Despite a 2.4% decline in revenue year-over-year, Ingredion reported an earnings per share of $2.87, surpassing the consensus estimate of $2.78.
• The company announced a quarterly dividend of $0.80 per share, with a current yield of 2.5%, reflecting a payout ratio of 31.22%.

Ingredion Incorporated (NYSE:INGR - Get Free Report) CEO James P. Zallie sold 36,287 shares of Ingredion stock in a transaction dated 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 of the company's stock, valued at approximately $6,342,321.08. This represents a 41.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ingredion Stock Performance

Shares of NYSE INGR traded up $0.6850 during trading on Tuesday, reaching $125.9550. 298,901 shares of the company traded hands, compared to its average volume of 445,673. The company has a current ratio of 2.78, a quick ratio of 1.81 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. The firm's fifty day simple moving average is $133.23 and its 200 day simple moving average is $132.78. The stock has a market cap of $8.08 billion, a P/E ratio of 12.29, a PEG ratio of 1.00 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 EPS for the quarter, topping the consensus estimate of $2.78 by $0.09. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.89 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.Ingredion's quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.87 EPS. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. As a group, research analysts anticipate that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Oppenheimer decreased their price target on Ingredion from $167.00 to $155.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. UBS Group raised their price target on Ingredion from $149.00 to $151.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Finally, Wall Street Zen downgraded shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 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, Ingredion has an average rating of "Hold" and a consensus target price of $151.40.

Institutional Trading of Ingredion

Several institutional investors have recently made changes to their positions in INGR. Alpine Bank Wealth Management acquired a new position in Ingredion in the 1st quarter worth $26,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Ingredion in the 1st quarter worth about $32,000. Ameriflex Group Inc. bought a new stake in shares of Ingredion in the 4th quarter worth about $33,000. Hantz Financial Services Inc. increased its position in shares of Ingredion by 810.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company's stock worth $35,000 after purchasing an additional 227 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Ingredion by 40.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company's stock worth $38,000 after purchasing an additional 80 shares during the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

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.