Davida Marie Gable Sells 375 Shares of Ingredion (NYSE:INGR) Stock

Ingredion Incorporated (NYSE:INGRGet Free Report) VP Davida Marie Gable sold 375 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total value of $42,165.00. Following the sale, the vice president owned 7,110 shares of the company’s stock, valued at approximately $799,448.40. This represents a 5.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Ingredion Price Performance

Shares of INGR opened at $109.18 on Friday. Ingredion Incorporated has a 12-month low of $102.31 and a 12-month high of $141.78. The business’s fifty day moving average is $115.76 and its 200 day moving average is $115.43. 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 stock has a market cap of $6.87 billion, a P/E ratio of 9.78, a P/E/G ratio of 0.87 and a beta of 0.69.

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

Ingredion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $3.28 annualized dividend and a dividend yield of 3.0%. Ingredion’s payout ratio is presently 29.39%.

Wall Street Analyst Weigh In

INGR has been the subject of a number of analyst reports. Jefferies Financial Group reiterated a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Ingredion in a report on Monday, December 29th. Wall Street Zen cut Ingredion from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Stephens reiterated an “equal weight” rating and set a $120.00 price target on shares of Ingredion in a report on Wednesday, February 4th. Finally, UBS Group increased their price target on Ingredion from $119.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Ingredion has a consensus rating of “Hold” and a consensus target price of $126.43.

View Our Latest Report on Ingredion

Ingredion News Roundup

Here are the key news stories impacting Ingredion this week:

Hedge Funds Weigh In On Ingredion

Several hedge funds have recently modified their holdings of the company. WPG Advisers LLC grew its holdings in shares of 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 in the last quarter. International Assets Investment Management LLC bought a new stake in Ingredion during the fourth quarter worth $30,000. Root Financial Partners LLC purchased a new position in Ingredion in the third quarter worth $36,000. Los Angeles Capital Management LLC purchased a new position in Ingredion in the fourth quarter worth $36,000. Finally, Capital Advisors Ltd. LLC grew its stake 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 during the period. Institutional investors own 85.27% of the company’s stock.

About Ingredion

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Ingredion (NYSE:INGR)

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