Westchester, IL – Ingredion Incorporated (NYSE:INGR), a leading global ingredient solutions provider, has reported a minor transaction involving its Senior Vice President and President of Asia-Pacific, Valdirene Bastos-Evans. According to the latest filings, Bastos-Evans sold a nominal amount of residual common stock shares, totaling approximately $18.
The transaction, which took place on March 16, 2024, involved the sale of 0.1639 shares of Ingredion’s common stock at a price of $114.75 per share. This sale is part of a standard process related to the vesting of restricted stock units. Specifically, these shares represent residual amounts settled in stock, as noted in the footnotes of the filing.
Additionally, the filing disclosed that Bastos-Evans had shares withheld to cover applicable taxes upon the vesting of 352 restricted stock units granted three years earlier, on March 16, 2021. The total number of shares withheld was 177, valued at $114.75 each, amounting to a total transaction value of $20,310.
Following these transactions, Bastos-Evans continues to hold 15,769.0678 shares of Ingredion common stock, maintaining a significant stake in the company.
Investors often monitor insider transactions as they can provide insights into executives’ perspectives on the company’s stock value. However, given the small scale of the recent sale and its nature related to tax obligations, it may not signal a change in the executive’s outlook on the company’s future performance.
Ingredion has not provided any additional comments on these transactions. Investors and analysts will continue to watch the company’s filings and market performance for further insights into its operations and leadership’s actions.
As we delve into the recent insider transaction at Ingredion Incorporated (NYSE:INGR), there are several key metrics and InvestingPro Tips that can provide a broader context for investors looking to understand the company’s financial health and market position.
With a market capitalization of approximately $7.56 billion, Ingredion is maintaining a strong presence in the ingredient solutions sector. The company’s Price-to-Earnings (P/E) ratio stands at 11.9, which, when adjusted for the last twelve months as of Q4 2023, slightly decreases to 11.63. This indicates that the company is trading at a low earnings multiple, which can be appealing to value investors. Moreover, the PEG ratio for the same period is at 0.38, suggesting a favorable growth trajectory relative to its earnings.
Investors may also find it encouraging that Ingredion has a history of consistent dividend growth, having raised its dividend for 13 consecutive years. This is complemented by a dividend yield of 2.72%, with a notable increase of 9.86% in dividend growth over the last twelve months as of Q4 2023. This consistent dividend performance aligns with one of the InvestingPro Tips highlighting the company’s 27 years of maintained dividend payments, reinforcing its reputation as a reliable income stock.
Another InvestingPro Tip worth mentioning is Ingredion’s perfect Piotroski Score of 9, which signifies high financial strength and is often used by investors as an indicator of solid fundamentals. Additionally, the company operates with a moderate level of debt and has liquid assets that exceed short-term obligations, which can be reassuring for investors concerned about financial stability.
For those interested in further insights and tips, InvestingPro offers more detailed analysis, including additional tips for Ingredion. To access these insights, investors can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. There are 12 more InvestingPro Tips available, providing a comprehensive look at Ingredion’s financial metrics and potential investment outlook.
Overall, these metrics and tips from InvestingPro can help investors gain a richer understanding of Ingredion’s financial position and market valuation, which may be particularly useful when evaluating the implications of insider transactions.
