Equitable Trust Co. Lowers Holdings in Ingredion Incorporated $INGR

Equitable Trust Co. lessened its stake in Ingredion Incorporated (NYSE:INGR) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,894 shares of the company’s stock after selling 432 shares during the quarter. Equitable Trust Co.’s holdings in Ingredion were worth $3,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. raised 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. Retirement Guys Formula LLC raised its position in Ingredion by 5.7% in the 1st quarter. Retirement Guys Formula LLC now owns 1,566 shares of the company’s stock worth $212,000 after buying an additional 84 shares during the last quarter. Wealthspire Advisors LLC raised its position in Ingredion by 5.8% in the 1st quarter. Wealthspire Advisors LLC now owns 1,685 shares of the company’s stock worth $228,000 after buying an additional 92 shares during the last quarter. Bell Investment Advisors Inc grew its stake in shares of Ingredion by 41.2% during the 1st quarter. Bell Investment Advisors Inc now owns 346 shares of the company’s stock valued at $47,000 after purchasing an additional 101 shares during the period. Finally, KBC Group NV grew its stake in shares of Ingredion by 4.3% during the 1st quarter. KBC Group NV now owns 2,624 shares of the company’s stock valued at $355,000 after purchasing an additional 109 shares during the period. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

INGR has been the subject of a number of recent research reports. UBS Group cut their price target on Ingredion from $144.00 to $130.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Wall Street Zen downgraded Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ingredion in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.20.

Ingredion Stock Performance

INGR stock opened at $120.03 on Tuesday. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41. The business’s fifty day simple moving average is $124.95 and its two-hundred day simple moving average is $131.20. Ingredion Incorporated has a twelve month low of $119.31 and a twelve month high of $155.44. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 0.95 and a beta of 0.74.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Friday, August 1st. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.78 by $0.09. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the firm posted $2.87 earnings per share. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Wednesday, October 1st will be issued a $0.82 dividend. This is a boost from Ingredion’s previous quarterly dividend of $0.80. This represents a $3.28 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, October 1st. Ingredion’s dividend payout ratio is 32.00%.

Insider Transactions at Ingredion

In related 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 transaction of $109,131.50. Following the completion of the sale, the senior vice president owned 31,171 shares of the company’s stock, valued at $4,002,044.69. The trade was a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James P. Zallie sold 36,287 shares of Ingredion 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 owned 50,129 shares of the company’s stock, valued at approximately $6,342,321.08. This represents a 41.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,137 shares of company stock valued at $4,700,163 in the last ninety days. Corporate insiders own 1.80% 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.