Ingredion Incorporated $INGR Shares Acquired by UMB Bank n.a.

UMB Bank n.a. boosted its position in Ingredion Incorporated (NYSE:INGR) by 28.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 736 shares of the company’s stock after purchasing an additional 163 shares during the quarter. UMB Bank n.a.’s holdings in Ingredion were worth $100,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of INGR. Jump Financial LLC boosted its position in shares of Ingredion by 474.2% during the first quarter. Jump Financial LLC now owns 11,501 shares of the company’s stock worth $1,555,000 after buying an additional 9,498 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new position in Ingredion during the 1st quarter worth $646,000. Jupiter Asset Management Ltd. grew its stake in shares of Ingredion by 38.2% in the first quarter. Jupiter Asset Management Ltd. now owns 342,190 shares of the company’s stock worth $46,268,000 after purchasing an additional 94,575 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of Ingredion by 8.4% during the first quarter. Brown Advisory Inc. now owns 2,318 shares of the company’s stock valued at $313,000 after purchasing an additional 180 shares during the period. Finally, Transcend Capital Advisors LLC raised its stake in shares of Ingredion by 156.7% during the first quarter. Transcend Capital Advisors LLC now owns 11,086 shares of the company’s stock valued at $1,499,000 after purchasing an additional 6,768 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Insiders Place Their Bets

In other Ingredion news, CEO James P. Zallie sold 36,287 shares of the firm’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 transaction, the chief executive officer directly owned 50,129 shares in the company, valued at $6,342,321.08. This trade represents a 41.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Larry Fernandes sold 850 shares of Ingredion stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $128.39, for a total transaction of $109,131.50. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,137 shares of company stock valued at $4,700,163 in the last quarter. 2.30% of the stock is currently owned by corporate insiders.

Ingredion Stock Up 0.0%

INGR stock opened at $122.14 on Thursday. The firm has a market cap of $7.84 billion, a PE ratio of 11.92, a P/E/G ratio of 0.98 and a beta of 0.77. Ingredion Incorporated has a 12 month low of $120.51 and a 12 month high of $155.44. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.78 and a quick ratio of 1.81. The firm has a 50 day simple moving average of $127.89 and a 200 day simple moving average of $132.31.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.87 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the company earned $2.87 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. Equities research analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on INGR. UBS Group increased their price objective on shares of Ingredion from $149.00 to $151.00 and gave the company a “neutral” rating in a report on Wednesday, July 9th. Wall Street Zen raised Ingredion from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $151.40.

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.