Equitable Trust Co. Sells 432 Shares of Ingredion Incorporated $INGR

Equitable Trust Co. trimmed its stake in shares of Ingredion Incorporated (NYSE:INGR) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,894 shares of the company’s stock after selling 432 shares during the period. Equitable Trust Co.’s holdings in Ingredion were worth $3,512,000 at the end of the most recent reporting period.

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

Ingredion Stock Performance

INGR opened at $120.03 on Tuesday. 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 company’s fifty day moving average price is $124.95 and its two-hundred day moving average price is $131.20. Ingredion Incorporated has a 1-year low of $119.31 and a 1-year high of $155.44. The company 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 posted 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 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 firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.87 earnings per share. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. On average, analysts expect that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Wednesday, October 1st will be paid a $0.82 dividend. 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 yield of 2.7%. The ex-dividend date of this dividend is Wednesday, October 1st. Ingredion’s payout ratio is 32.00%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Ingredion news, SVP Larry Fernandes sold 850 shares of the 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 transaction, the senior vice president directly owned 31,171 shares in the company, valued at $4,002,044.69. This trade represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the chief executive officer owned 50,129 shares in the company, valued at $6,342,321.08. This represents a 41.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,137 shares of company stock worth $4,700,163 over the last ninety days. 1.80% of the stock is currently owned by insiders.

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.