Ingredion (NYSE:INGR) SVP Larry Fernandes Sells 1,125 Shares

Ingredion Incorporated (NYSE:INGR) SVP Larry Fernandes sold 1,125 shares of Ingredion stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $116.55, for a total transaction of $131,118.75. Following the transaction, the senior vice president directly owned 30,514 shares in the company, valued at $3,556,406.70. This trade represents a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Larry Fernandes also recently made the following trade(s):

• On Wednesday, February 11th, Larry Fernandes sold 3,630 shares of Ingredion stock. The shares were sold at an average price of $118.40, for a total value of $429,792.00.

Ingredion Stock Down 0.0%

Ingredion stock traded down $0.02 during mid-day trading on Friday, hitting $116.53. The company had a trading volume of 107,611 shares, compared to its average volume of 646,999. Ingredion Incorporated has a 12 month low of $102.31 and a 12 month high of $141.78. The company has a market capitalization of $7.33 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 0.93 and a beta of 0.71. The stock’s 50 day moving average price is $114.65 and its two-hundred day moving average price is $117.37. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.41.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.59 by ($0.06). The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Ingredion had a return on equity of 17.32% and a net margin of 10.10%.The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.63 earnings per share. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, sell-side analysts anticipate that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 2nd were issued a dividend of $0.82 per share. The ex-dividend date was Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a yield of 2.8%. Ingredion’s payout ratio is presently 29.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Stephens reissued an “equal weight” rating and issued a $120.00 price target on shares of Ingredion in a report on Wednesday, February 4th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 29th. iA Financial set a $124.00 target price on shares of Ingredion in a report on Thursday, November 6th. Finally, Barclays increased their target price on shares of Ingredion from $124.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $125.83.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Ingredion by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock worth $825,556,000 after purchasing an additional 208,606 shares during the period. Dimensional Fund Advisors LP boosted its stake in Ingredion by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,939,536 shares of the company’s stock valued at $324,118,000 after acquiring an additional 177,134 shares during the period. First Trust Advisors LP increased its position in Ingredion by 90.9% in the fourth quarter. First Trust Advisors LP now owns 1,994,825 shares of the company’s stock worth $219,949,000 after buying an additional 950,006 shares during the period. AQR Capital Management LLC boosted its stake in Ingredion by 53.3% during the 4th quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock valued at $201,337,000 after purchasing an additional 634,900 shares during the period. Finally, Snyder Capital Management L P increased its position in Ingredion by 4.4% in the 4th quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company’s stock valued at $152,355,000 after acquiring an additional 57,928 shares during the period. 85.27% of the stock is owned by hedge funds and other institutional investors.

Ingredion Company Profile

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.