Larry Fernandes Sells 3,630 Shares of Ingredion (NYSE:INGR) Stock

Ingredion Incorporated (NYSE:INGR) SVP Larry Fernandes sold 3,630 shares of Ingredion stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $118.40, for a total transaction of $429,792.00. Following the completion of the sale, the senior vice president owned 32,055 shares of the company’s stock, valued at $3,795,312. This trade represents a 10.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Ingredion Stock Performance

Shares of NYSE:INGR traded down $1.28 on Thursday, hitting $118.61. 451,654 shares of the company were exchanged, compared to its average volume of 653,722. The firm has a market capitalization of $7.54 billion, a P/E ratio of 10.63, a price-to-earnings-growth ratio of 0.95 and a beta of 0.71. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.41. Ingredion Incorporated has a 1-year low of $102.31 and a 1-year high of $141.78. The stock’s 50 day moving average price is $113.57 and its 200 day moving average price is $117.85.

Ingredion (NYSE:INGR) last issued its earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Ingredion had a return on equity of 17.32% and a net margin of 10.10%.The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the business earned $2.63 EPS. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. Sell-side analysts predict that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Friday, January 2nd were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.8%. Ingredion’s dividend payout ratio (DPR) is presently 29.39%.

Wall Street Analyst Weigh In

INGR has been the topic of several research analyst reports. UBS Group raised their price objective on Ingredion from $119.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Stephens restated an “equal weight” rating and set a $120.00 price target on shares of Ingredion in a research report on Wednesday, February 4th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. iA Financial set a $124.00 price target on Ingredion in a research report on Thursday, November 6th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Ingredion in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $125.83.

Institutional Investors Weigh In On Ingredion

A number of hedge funds have recently added to or reduced their stakes in INGR. WPG Advisers LLC raised its stake in Ingredion by 100.8% during the 3rd quarter. WPG Advisers LLC now owns 245 shares of the company’s stock worth $30,000 after acquiring an additional 123 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Ingredion in the 4th quarter valued at about $30,000. Hantz Financial Services Inc. boosted its position in shares of Ingredion by 810.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 227 shares during the period. Root Financial Partners LLC purchased a new position in Ingredion during the 3rd quarter worth approximately $36,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Ingredion in the fourth quarter valued at approximately $36,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

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.