Geneos Wealth Management Inc. Has $243,000 Stock Position in Ingredion Incorporated $INGR

Geneos Wealth Management Inc. boosted its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 59.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,799 shares of the company’s stock after acquiring an additional 669 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Ingredion were worth $243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Cetera Investment Advisers lifted its position in shares of Ingredion by 10.9% in the fourth quarter. Cetera Investment Advisers now owns 11,895 shares of the company’s stock worth $1,636,000 after purchasing an additional 1,171 shares in the last quarter. Deutsche Bank AG increased its stake in Ingredion by 2.0% in the 4th quarter. Deutsche Bank AG now owns 26,575 shares of the company’s stock valued at $3,656,000 after buying an additional 509 shares during the period. D. E. Shaw & Co. Inc. lifted its position in Ingredion by 127.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 14,794 shares of the company’s stock worth $2,035,000 after buying an additional 8,280 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Ingredion during the 4th quarter valued at $474,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Ingredion by 502.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,254 shares of the company’s stock valued at $310,000 after acquiring an additional 1,880 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Insider Activity

In related news, CEO James P. Zallie sold 36,287 shares of the 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 transaction, the chief executive officer 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Larry Fernandes sold 850 shares of Ingredion stock in a transaction that occurred 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 sale, the senior vice president directly owned 31,171 shares in the company, valued at $4,002,044.69. The trade was a 2.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,137 shares of company stock valued at $4,700,163 in the last three months. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on INGR shares. Wall Street Zen upgraded Ingredion from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group raised their price target on Ingredion from $149.00 to $151.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $151.40.

Ingredion Price Performance

Shares of NYSE:INGR opened at $123.76 on Tuesday. The firm has a market capitalization of $7.94 billion, a PE ratio of 12.07, a PEG ratio of 1.01 and a beta of 0.77. The company has a current ratio of 2.78, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. Ingredion Incorporated has a 1-year low of $120.51 and a 1-year high of $155.44. The business’s 50 day moving average is $129.66 and its 200-day moving average is $132.71.

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

Ingredion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Wednesday, October 1st will be paid a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This is an increase from Ingredion’s previous quarterly dividend of $0.80. This represents a $3.28 dividend on an annualized basis and a yield of 2.7%. Ingredion’s payout ratio is presently 31.22%.

About Ingredion

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.