Ingredion (NYSE:INGR) SVP Larry Fernandes Sells 1,125 Shares

Ingredion Incorporated (NYSE:INGR) SVP Larry Fernandes sold 1,125 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total transaction of $131,118.75. Following the sale, the senior vice president directly owned 30,514 shares in the company, valued at $3,556,406.70. This trade represents a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Larry Fernandes also recently made the following trade(s):

• On Wednesday, February 11th, Larry Fernandes sold 3,630 shares of Ingredion stock. The shares were sold at an average price of $118.40, for a total value of $429,792.00.

Ingredion Trading Down 0.0%

INGR stock traded down $0.04 during midday trading on Thursday, reaching $116.38. The stock had a trading volume of 537,864 shares, compared to its average volume of 664,535. Ingredion Incorporated has a twelve month low of $102.31 and a twelve month high of $141.78. The business has a fifty day simple moving average of $114.55 and a two-hundred day simple moving average of $117.38. The company has a quick ratio of 1.73, a current ratio of 2.66 and a debt-to-equity ratio of 0.41. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 0.93 and a beta of 0.71.

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

Ingredion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Friday, January 2nd were paid a $0.82 dividend. 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 is 29.39%.

Analyst Ratings Changes

INGR has been the topic of several recent analyst reports. Oppenheimer set a $136.00 price objective on Ingredion in a report on Wednesday, October 22nd. Wall Street Zen downgraded shares of Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. UBS Group raised their target price on shares of Ingredion from $119.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Barclays boosted their price target on Ingredion from $124.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group reissued 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $125.83.

Institutional Trading of Ingredion

A number of institutional investors and hedge funds have recently made changes to their positions in the company. WPG Advisers LLC increased its stake in Ingredion by 100.8% in the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock valued at $30,000 after acquiring an additional 123 shares during the last quarter. Hantz Financial Services Inc. increased its position in Ingredion by 810.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $35,000 after purchasing an additional 227 shares in the last quarter. International Assets Investment Management LLC bought a new position in Ingredion in the 4th quarter valued at approximately $30,000. Root Financial Partners LLC acquired a new stake in Ingredion in the third quarter valued at approximately $36,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Ingredion during the fourth quarter worth $36,000. 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.