111 Capital Acquires Shares of 2,260 Ingredion Incorporated $INGR

111 Capital acquired a new stake in Ingredion Incorporated (NYSE:INGR) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,260 shares of the company’s stock, valued at approximately $307,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new position in Ingredion in the 1st quarter valued at $26,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Ingredion during the 1st quarter worth $32,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Ingredion by 40.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company’s stock worth $38,000 after buying an additional 80 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Ingredion during the 2nd quarter worth $40,000. Finally, Costello Asset Management INC acquired a new position in shares of Ingredion during the 1st quarter worth $41,000. 85.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ingredion

In other Ingredion news, SVP Larry Fernandes sold 850 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $128.39, for a total value of $109,131.50. Following the sale, the senior vice president owned 31,171 shares in the company, valued at approximately $4,002,044.69. The trade was a 2.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO James P. Zallie sold 36,287 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $126.52, for a total value of $4,591,031.24. Following the completion of the sale, the chief executive officer owned 50,129 shares in the company, valued at $6,342,321.08. This trade represents a 41.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,137 shares of company stock worth $4,700,163 in the last quarter. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group lowered their price target on Ingredion from $144.00 to $130.00 and set a “neutral” rating for the company in a report on Monday. Wall Street Zen raised Ingredion from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ingredion in a report on Saturday, September 27th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.20.

Ingredion Price Performance

Shares of INGR opened at $120.40 on Tuesday. Ingredion Incorporated has a 12-month low of $119.31 and a 12-month high of $155.44. The business has a 50-day simple moving average of $125.90 and a two-hundred day simple moving average of $131.68. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41. The stock has a market cap of $7.73 billion, a PE ratio of 11.75, a PEG ratio of 0.96 and a beta of 0.74.

Ingredion (NYSE:INGR) last issued its earnings results on Friday, August 1st. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.09. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the firm earned $2.87 EPS. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Analysts anticipate that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Wednesday, October 1st will be given a $0.82 dividend. This is a boost from Ingredion’s previous quarterly dividend of $0.80. The ex-dividend date is Wednesday, October 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.7%. Ingredion’s dividend payout ratio is presently 32.00%.

Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.