Ingredion Incorporated to Issue Quarterly Dividend of $0.82 (NYSE:INGR)

Ingredion Incorporated (NYSE:INGR) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Wednesday, July 1st will be paid a dividend of 0.82 per share on Tuesday, July 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, July 1st.

Ingredion has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 14 years. Ingredion has a payout ratio of 27.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ingredion to earn $11.74 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 27.9%.

Ingredion Stock Up 0.3%

Shares of INGR opened at $100.61 on Thursday. Ingredion has a 52 week low of $99.50 and a 52 week high of $140.85. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 0.84 and a beta of 0.64. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 2.76. The stock has a fifty day moving average of $110.60 and a 200-day moving average of $111.95.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.97 earnings per share. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. As a group, sell-side analysts anticipate that Ingredion will post 10.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ingredion news, VP Davida Marie Gable sold 375 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $112.44, for a total transaction of $42,165.00. Following the completion of the sale, the vice president directly owned 7,110 shares in the company, valued at approximately $799,448.40. This trade represents a 5.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Institutional Trading of Ingredion

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Ingredion by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock worth $825,556,000 after acquiring an additional 208,606 shares during the period. Dimensional Fund Advisors LP grew its holdings in Ingredion by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,115,136 shares of the company’s stock worth $350,952,000 after acquiring an additional 175,600 shares during the period. First Trust Advisors LP grew its holdings in Ingredion by 53.1% during the 1st quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock worth $344,080,000 after acquiring an additional 1,059,324 shares during the period. AQR Capital Management LLC grew its holdings in Ingredion by 53.3% during the 4th quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock worth $201,337,000 after acquiring an additional 634,900 shares during the period. Finally, Snyder Capital Management L P grew its holdings in Ingredion by 4.4% during the 4th quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company’s stock worth $152,355,000 after acquiring an additional 57,928 shares during the period. 85.27% of the stock is currently owned by institutional investors and hedge funds.

About Ingredion

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.