Insider Selling: Ingredion (NYSE:INGR) CEO Sells $4,020,217.02 in Stock

Ingredion Incorporated (NYSE:INGR) CEO James Zallie sold 33,597 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $119.66, for a total value of $4,020,217.02. Following the transaction, the chief executive officer owned 50,167 shares of the company’s stock, valued at approximately $6,002,983.22. The trade was a 40.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Ingredion Trading Up 1.0%

NYSE:INGR opened at $118.34 on Friday. The company has a market cap of $7.52 billion, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 0.95 and a beta of 0.71. Ingredion Incorporated has a twelve month low of $102.31 and a twelve month high of $141.78. The business has a 50 day moving average price of $113.95 and a two-hundred day moving average price of $117.65. The company has a quick ratio of 1.73, a current ratio of 2.66 and a debt-to-equity ratio of 0.41.

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

Ingredion Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of INGR. WPG Advisers LLC boosted its holdings in shares of Ingredion by 100.8% during the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock worth $30,000 after acquiring an additional 123 shares during the period. International Assets Investment Management LLC acquired a new stake in Ingredion during the 4th quarter worth approximately $30,000. Hantz Financial Services Inc. boosted its stake in Ingredion by 810.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 227 shares during the period. Root Financial Partners LLC acquired a new position in Ingredion in the 3rd quarter valued at $36,000. Finally, Los Angeles Capital Management LLC bought a new position in Ingredion during the 4th quarter worth $36,000. Institutional investors and hedge funds own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on INGR shares. Oppenheimer set a $136.00 price target on Ingredion in a research note on Wednesday, October 22nd. Stephens reissued an “equal weight” rating and issued a $120.00 target price on shares of Ingredion in a research note on Wednesday, February 4th. iA Financial set a $124.00 price target on shares of Ingredion in a research report on Thursday, November 6th. Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, UBS Group boosted their price objective on shares of Ingredion from $119.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Ingredion currently has a consensus rating of “Hold” and an average target price of $125.83.

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.