Liberty One Investment Management LLC Sells 372 Shares of Ingredion Incorporated $INGR

Liberty One Investment Management LLC cut its position in shares of Ingredion Incorporated (NYSE:INGR) by 7.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,460 shares of the company’s stock after selling 372 shares during the period. Liberty One Investment Management LLC’s holdings in Ingredion were worth $605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new stake in shares of Ingredion in the 1st quarter valued at approximately $26,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Ingredion in the 1st quarter valued at approximately $32,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Ingredion by 40.2% in the 1st 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 last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Ingredion in the 2nd quarter valued at approximately $40,000. Finally, Costello Asset Management INC bought a new stake in shares of Ingredion in the 1st quarter valued at approximately $41,000. 85.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Larry Fernandes sold 850 shares of Ingredion stock in a transaction on Monday, August 4th. The stock was sold at an average price of $128.39, for a total value of $109,131.50. Following the transaction, the senior vice president directly owned 31,171 shares in the company, valued at approximately $4,002,044.69. This trade represents a 2.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO James P. Zallie sold 36,287 shares of Ingredion stock in a transaction on 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 transaction, the chief executive officer owned 50,129 shares in the company, valued at $6,342,321.08. This represents a 41.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,137 shares of company stock worth $4,700,163 over the last quarter. Company insiders own 1.80% of the company’s stock.

Ingredion Trading Up 0.1%

INGR opened at $121.57 on Tuesday. The stock’s fifty day moving average is $124.45 and its two-hundred day moving average is $130.72. The company has a market capitalization of $7.80 billion, a P/E ratio of 11.86, a PEG ratio of 0.96 and a beta of 0.74. Ingredion Incorporated has a 52 week low of $118.56 and a 52 week high of $155.44. 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 released its quarterly earnings data on Friday, August 1st. The company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.78 by $0.09. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.89 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.Ingredion’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the business posted $2.87 EPS. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.7%. The ex-dividend date is Wednesday, October 1st. This is an increase from Ingredion’s previous quarterly dividend of $0.80. Ingredion’s dividend payout ratio (DPR) is 32.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. UBS Group lowered their price objective on Ingredion from $144.00 to $130.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Wall Street Zen raised Ingredion from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ingredion in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Ingredion presently has a consensus rating of “Moderate Buy” and an average price target of $147.20.

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.