Bank of Jackson Hole Trust Has $330,000 Position in Ingredion Incorporated $INGR

Bank of Jackson Hole Trust boosted its position in shares of Ingredion Incorporated (NYSE:INGR) by 9.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,436 shares of the company’s stock after purchasing an additional 212 shares during the quarter. Bank of Jackson Hole Trust’s holdings in Ingredion were worth $330,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Ingredion by 40.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company’s stock valued at $38,000 after purchasing an additional 80 shares during the period. Wealthspire Advisors LLC grew its holdings in Ingredion by 5.8% during the first quarter. Wealthspire Advisors LLC now owns 1,685 shares of the company’s stock valued at $228,000 after purchasing an additional 92 shares during the period. Bell Investment Advisors Inc grew its holdings in Ingredion by 41.2% during the first quarter. Bell Investment Advisors Inc now owns 346 shares of the company’s stock valued at $47,000 after purchasing an additional 101 shares during the period. KBC Group NV grew its holdings in Ingredion by 4.3% during the first quarter. KBC Group NV now owns 2,624 shares of the company’s stock valued at $355,000 after purchasing an additional 109 shares during the period. Finally, Impact Partnership Wealth LLC increased its stake in Ingredion by 6.6% during the 1st quarter. Impact Partnership Wealth LLC now owns 1,800 shares of the company’s stock worth $243,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Insider Activity at Ingredion

In related news, SVP Larry Fernandes sold 850 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $128.39, for a total value of $109,131.50. Following the completion of the transaction, the senior vice president directly owned 31,171 shares of the company’s stock, valued at approximately $4,002,044.69. This trade represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James P. Zallie sold 36,287 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $126.52, for a total transaction of $4,591,031.24. Following the completion of the transaction, the chief executive officer directly owned 50,129 shares of the company’s stock, valued at $6,342,321.08. This represents a 41.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,137 shares of company stock valued at $4,700,163 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Ingredion Price Performance

Shares of INGR opened at $117.73 on Wednesday. The stock has a market capitalization of $7.56 billion, a P/E ratio of 11.49, a P/E/G ratio of 0.96 and a beta of 0.74. Ingredion Incorporated has a twelve month low of $116.81 and a twelve month high of $155.44. The company has a 50 day moving average of $123.55 and a 200-day moving average of $130.43. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41.

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

Ingredion Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Wednesday, October 1st were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $3.28 annualized dividend and a dividend yield of 2.8%. This is an increase from Ingredion’s previous quarterly dividend of $0.80. Ingredion’s dividend payout ratio (DPR) is 32.00%.

Analyst Ratings Changes

A number of research firms recently issued reports on INGR. Wall Street Zen raised Ingredion from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Oppenheimer set a $136.00 target price on Ingredion in a research note on Wednesday, October 22nd. Zacks Research cut Ingredion from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. UBS Group lowered their target price on Ingredion from $144.00 to $130.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Finally, Weiss Ratings cut Ingredion from a “buy (b)” rating to a “hold (c+)” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ingredion presently has an average rating of “Hold” and an average target price of $143.40.

Ingredion 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.