Ingredion (NYSE:INGR) Issues Quarterly Earnings Results

Ingredion (NYSE:INGR) released its earnings results on Tuesday. The company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.73 by $0.02, Zacks reports. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.90 billion. Ingredion updated its FY 2025 guidance to 11.100-11.300 EPS.

Ingredion Stock Down 0.0%

NYSE INGR traded down $0.05 during trading hours on Wednesday, hitting $107.35. The company had a trading volume of 264,588 shares, compared to its average volume of 532,777. Ingredion has a fifty-two week low of $102.31 and a fifty-two week high of $155.44. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 10.47, a P/E/G ratio of 0.95 and a beta of 0.74. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.78 and a quick ratio of 1.81. The firm’s 50 day moving average is $122.12 and its 200 day moving average is $129.86.

Ingredion Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, October 1st. This is a positive change from Ingredion’s previous quarterly dividend of $0.80. Ingredion’s payout ratio is currently 32.00%.

Insider Activity at Ingredion

In other Ingredion news, CEO James P. Zallie sold 36,287 shares of the company’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 value of $4,591,031.24. Following the transaction, the chief executive officer directly owned 50,129 shares of the company’s stock, valued at $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 is available at the SEC website. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Ingredion

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its position in shares of Ingredion by 180.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,268 shares of the company’s stock valued at $172,000 after purchasing an additional 816 shares during the period. Smartleaf Asset Management LLC lifted its stake in Ingredion by 156.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,493 shares of the company’s stock worth $203,000 after acquiring an additional 911 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in Ingredion by 32.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company’s stock worth $281,000 after acquiring an additional 514 shares in the last quarter. Teza Capital Management LLC lifted its stake in Ingredion by 4.2% in the 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock worth $309,000 after acquiring an additional 92 shares in the last quarter. Finally, Evergreen Capital Management LLC purchased a new stake in Ingredion in the 2nd quarter worth about $342,000. 85.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on INGR. BMO Capital Markets lowered their price objective on shares of Ingredion from $143.00 to $123.00 and set a “market perform” rating on the stock in a research report on Wednesday. Wall Street Zen downgraded Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research cut shares of Ingredion from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Weiss Ratings downgraded Ingredion from a “buy (b)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Finally, Oppenheimer set a $136.00 price objective on Ingredion in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ingredion presently has an average rating of “Hold” and an average price target of $135.40.

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.