Insider Selling: Ingredion (NYSE:INGR) Director Sells $170,039.22 in Stock

Ingredion Incorporated (NYSE:INGR) Director David Fischer sold 1,662 shares of Ingredion stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total transaction of $170,039.22. Following the sale, the director owned 19,930 shares of the company’s stock, valued at approximately $2,039,038.30. This represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ingredion Stock Performance

Shares of INGR stock opened at $104.24 on Friday. The firm’s 50 day moving average price is $99.98 and its 200-day moving average price is $108.10. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.83 and a current ratio of 2.80. Ingredion Incorporated has a one year low of $94.44 and a one year high of $130.48. The firm has a market cap of $6.57 billion, a P/E ratio of 11.37, a P/E/G ratio of 0.89 and a beta of 0.62.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.11. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm earned $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, equities research analysts predict that Ingredion Incorporated will post 10.6 EPS for the current year.

Ingredion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Wednesday, July 1st were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, July 1st. Ingredion’s dividend payout ratio (DPR) is currently 35.77%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on INGR shares. Benchmark reiterated a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. UBS Group lifted their target price on Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Barclays reduced their price target on shares of Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $121.29.

Institutional Trading of Ingredion

A number of large investors have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in Ingredion in the fourth quarter valued at $30,000. GHP Investment Advisors Inc. purchased a new stake in Ingredion during the 1st quarter worth about $33,000. Los Angeles Capital Management LLC acquired a new stake in Ingredion in the 4th quarter valued at about $36,000. Capital Advisors Ltd. LLC raised its position in Ingredion by 40.5% in the 4th quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock valued at $39,000 after purchasing an additional 102 shares in the last quarter. Finally, Bell Investment Advisors Inc purchased a new position in shares of Ingredion in the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Company Profile

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.