Applied Finance Capital Management LLC Has $1.05 Million Stock Position in Ingredion Incorporated $INGR

Applied Finance Capital Management LLC reduced its position in shares of Ingredion Incorporated (NYSE:INGR) by 7.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,734 shares of the company’s stock after selling 641 shares during the period. Applied Finance Capital Management LLC’s holdings in Ingredion were worth $1,049,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in INGR. Farther Finance Advisors LLC raised its position in Ingredion by 32.5% during the first quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock valued at $137,000 after purchasing an additional 247 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Ingredion by 10.0% during the first 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 in the last quarter. Exchange Traded Concepts LLC raised its position in Ingredion by 9.1% during the first quarter. Exchange Traded Concepts LLC now owns 6,041 shares of the company’s stock valued at $817,000 after purchasing an additional 506 shares in the last quarter. QRG Capital Management Inc. raised its position in Ingredion by 9.6% during the first quarter. QRG Capital Management Inc. now owns 14,591 shares of the company’s stock valued at $1,973,000 after purchasing an additional 1,272 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in Ingredion by 0.4% during the first quarter. State of Alaska Department of Revenue now owns 27,928 shares of the company’s stock valued at $3,775,000 after purchasing an additional 125 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Stock Performance

NYSE INGR opened at $120.29 on Friday. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 0.96 and a beta of 0.74. Ingredion Incorporated has a twelve month low of $118.56 and a twelve month high of $155.44. The stock has a fifty day simple moving average of $124.64 and a 200 day simple moving average of $130.95. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Friday, August 1st. The company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.09. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate 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 prior year, the business posted $2.87 earnings per share. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Sell-side analysts expect that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Wednesday, October 1st will be issued a $0.82 dividend. The ex-dividend date is Wednesday, October 1st. This is a positive change 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%. Ingredion’s dividend payout ratio (DPR) is currently 32.00%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on INGR. Wall Street Zen downgraded shares of Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ingredion in a report on Wednesday, October 8th. Finally, UBS Group lowered their price target on shares of Ingredion from $144.00 to $130.00 and set a “neutral” rating for the company in a 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.20.

Insiders Place Their Bets

In related news, CEO James P. Zallie sold 36,287 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 50,129 shares in the company, valued at $6,342,321.08. This represents a 41.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Larry Fernandes sold 850 shares of the company’s stock in a transaction 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 sale, 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 position. The disclosure for this sale can be found here. Insiders sold 37,137 shares of company stock valued at $4,700,163 over the last 90 days. 2.30% of the stock is currently owned by company insiders.

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.