Ingredion Incorporated $INGR Shares Purchased by Vest Financial LLC

Vest Financial LLC grew its stake in Ingredion Incorporated (NYSE:INGR) by 67.4% in the second quarter, Holdings Channel reports. The fund owned 30,957 shares of the company’s stock after purchasing an additional 12,460 shares during the period. Vest Financial LLC’s holdings in Ingredion were worth $4,198,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in shares of Ingredion by 32.5% during the first quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock worth $137,000 after purchasing an additional 247 shares in the last quarter. SG Americas Securities LLC lifted its position in Ingredion by 775.9% in the first quarter. SG Americas Securities LLC now owns 8,120 shares of the company’s stock valued at $1,098,000 after purchasing an additional 7,193 shares during the period. Assenagon Asset Management S.A. lifted its position in Ingredion by 14.7% in the first quarter. Assenagon Asset Management S.A. now owns 17,928 shares of the company’s stock valued at $2,424,000 after purchasing an additional 2,295 shares during the period. Simon Quick Advisors LLC purchased a new position in Ingredion in the first quarter valued at about $259,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Ingredion by 10.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,305 shares of the company’s stock valued at $1,664,000 after buying an additional 1,114 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Price Performance

NYSE INGR opened at $120.03 on Tuesday. Ingredion Incorporated has a 52 week low of $119.31 and a 52 week high of $155.44. 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 stock has a market cap of $7.70 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 0.95 and a beta of 0.74. The company has a 50-day moving average price of $124.95 and a two-hundred day moving average price of $131.20.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Friday, August 1st. The company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 9.24% and a return on equity of 19.04%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.87 EPS. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Analysts forecast that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Increases Dividend

The company 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. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, October 1st. Ingredion’s dividend payout ratio (DPR) is presently 32.00%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on INGR shares. Wall Street Zen cut shares of Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of Ingredion in a research note on Wednesday, October 8th. Finally, UBS Group reduced their target price on shares of Ingredion from $144.00 to $130.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Ingredion currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.20.

Insider Buying and Selling

In other news, CEO James P. Zallie sold 36,287 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $126.52, for a total transaction of $4,591,031.24. Following the sale, the chief executive officer owned 50,129 shares in the company, valued at $6,342,321.08. The trade was a 41.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Larry Fernandes sold 850 shares of the company’s 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 approximately $4,002,044.69. This represents a 2.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,137 shares of company stock worth $4,700,163 in the last 90 days. 1.80% of the stock is 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.