Ingredion (NYSE:INGR) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Ingredion (NYSE:INGR) issued its quarterly earnings data on Tuesday. The company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.73 by $0.02, Zacks reports. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.90 billion. Ingredion had a net margin of 9.24% and a return on equity of 19.04%. Ingredion updated its FY 2025 guidance to 11.100-11.300 EPS.

Ingredion Price Performance

Ingredion stock traded down $7.24 during trading hours on Tuesday, reaching $106.90. 836,976 shares of the stock were exchanged, compared to its average volume of 529,118. The stock has a 50 day moving average of $122.53 and a two-hundred day moving average of $130.02. Ingredion has a twelve month low of $102.31 and a twelve month high of $155.44. The company has a current ratio of 2.78, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. The company has a market cap of $6.86 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 0.95 and a beta of 0.74.

Ingredion Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.82 per share. The ex-dividend date was Wednesday, October 1st. This is a positive change from Ingredion’s previous quarterly dividend of $0.80. This represents a $3.28 dividend on an annualized basis and a yield of 3.1%. Ingredion’s dividend payout ratio is currently 32.00%.

Insider Buying and Selling at Ingredion

In other news, CEO James P. Zallie sold 36,287 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 50,129 shares in the company, valued at approximately $6,342,321.08. This trade represents a 41.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Ingredion

Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Ingredion by 180.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,268 shares of the company’s stock valued at $172,000 after purchasing an additional 816 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Ingredion by 156.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,493 shares of the company’s stock worth $203,000 after buying an additional 911 shares during the period. Integrated Wealth Concepts LLC boosted its position in Ingredion by 32.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company’s stock worth $281,000 after buying an additional 514 shares during the period. Teza Capital Management LLC boosted its position in Ingredion by 4.2% during the 2nd quarter. Teza Capital Management LLC now owns 2,275 shares of the company’s stock worth $309,000 after buying an additional 92 shares during the period. Finally, Evergreen Capital Management LLC acquired a new stake in Ingredion during the 2nd quarter worth approximately $342,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

INGR has been the topic of several research analyst reports. Weiss Ratings lowered shares of Ingredion from a “buy (b)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Zacks Research lowered shares of Ingredion from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Wall Street Zen lowered shares of Ingredion from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group lowered their price target on shares of Ingredion from $144.00 to $130.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Finally, Oppenheimer set a $136.00 price target on shares of Ingredion in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $143.40.

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.