Ingredion Incorporated (INGR) To Go Ex-Dividend on July 1st

Ingredion Incorporated (NYSE:INGR) announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Wednesday, July 1st will be given a dividend of 0.82 per share on Tuesday, July 21st. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, July 1st.

Ingredion has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 14 years. Ingredion has a dividend payout ratio of 27.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

NYSE INGR opened at $102.15 on Friday. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. The firm’s fifty day moving average price is $110.39 and its two-hundred day moving average price is $111.86. Ingredion has a 1 year low of $98.29 and a 1 year high of $140.47. The firm has a market capitalization of $6.44 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 0.84 and a beta of 0.64.

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

Insider Activity at Ingredion

In other news, VP Davida Marie Gable sold 375 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $112.44, for a total value of $42,165.00. Following the completion of the sale, the vice president owned 7,110 shares of the company’s stock, valued at approximately $799,448.40. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ingredion

A number of hedge funds have recently bought and sold shares of INGR. International Assets Investment Management LLC bought a new position in Ingredion during the fourth quarter worth about $30,000. GHP Investment Advisors Inc. bought a new position in Ingredion during the first quarter worth about $33,000. Root Financial Partners LLC bought a new position in Ingredion during the third quarter worth about $36,000. Los Angeles Capital Management LLC bought a new position in Ingredion during the fourth quarter worth about $36,000. Finally, Capital Advisors Ltd. LLC increased its position in Ingredion by 40.5% during the fourth quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock worth $39,000 after acquiring an additional 102 shares during the period. 85.27% of the stock is owned by institutional investors.

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.