David Fischer Sells 1,662 Shares of Ingredion (NYSE:INGR) Stock

Ingredion Incorporated (NYSE:INGR) Director David Fischer sold 1,662 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total transaction of $170,039.22. Following the transaction, the director owned 19,930 shares of the company’s stock, valued at $2,039,038.30. This represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ingredion Stock Performance

INGR opened at $104.24 on Friday. The firm’s fifty day simple moving average is $99.98 and its two-hundred day simple moving average is $108.10. Ingredion Incorporated has a 52-week low of $94.44 and a 52-week high of $130.48. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.88 and a beta of 0.62. The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.39.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.11. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the company earned $2.87 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Equities analysts anticipate that Ingredion Incorporated will post 10.6 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.1%. The ex-dividend date was Wednesday, July 1st. Ingredion’s payout ratio is 35.77%.

Institutional Investors Weigh In On Ingredion

A number of large investors have recently made changes to their positions in the stock. Amundi grew its holdings in Ingredion by 19.4% in the 1st quarter. Amundi now owns 142,282 shares of the company’s stock valued at $16,029,000 after buying an additional 23,122 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Ingredion by 22,036.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,037,106 shares of the company’s stock worth $114,351,000 after acquiring an additional 1,032,421 shares during the period. Cooke & Bieler LP raised its holdings in shares of Ingredion by 33.6% during the 4th quarter. Cooke & Bieler LP now owns 1,207,153 shares of the company’s stock worth $133,101,000 after acquiring an additional 303,807 shares during the period. ING Groep NV acquired a new position in shares of Ingredion during the 4th quarter valued at about $6,825,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Ingredion during the 4th quarter valued at about $1,823,000. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on INGR. Barclays decreased their target price on Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Oppenheimer downgraded Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. UBS Group lifted their target price on shares of Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $121.29.

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.