Ingredion executive sells residual shares worth $18 By Investing.com

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WESTCHESTER, IL – Ingredion Included (NYSE:), a number one world ingredient options supplier, has reported a minor transaction involving its Senior Vice President and President of Asia-Pacific, Valdirene Bastos-Evans. In keeping with the most recent filings, Bastos-Evans offered a nominal quantity of residual frequent inventory shares, totaling roughly $18.

The transaction, which passed off on March 16, 2024, concerned the sale of 0.1639 shares of Ingredion’s frequent inventory at a value of $114.75 per share. This sale is a part of a normal course of associated to the vesting of restricted inventory items. Particularly, these shares symbolize residual quantities settled in inventory, as famous within the footnotes of the submitting.

Moreover, the submitting disclosed that Bastos-Evans had shares withheld to cowl relevant taxes upon the vesting of 352 restricted inventory items granted three years earlier, on March 16, 2021. The entire variety of shares withheld was 177, valued at $114.75 every, amounting to a complete transaction worth of $20,310.

Following these transactions, Bastos-Evans continues to carry 15,769.0678 shares of Ingredion frequent inventory, sustaining a major stake within the firm.

Traders usually monitor insider transactions as they’ll present insights into executives’ views on the corporate’s inventory worth. Nevertheless, given the small scale of the current sale and its nature associated to tax obligations, it might not sign a change within the government’s outlook on the corporate’s future efficiency.

Ingredion has not supplied any extra feedback on these transactions. Traders and analysts will proceed to look at the corporate’s filings and market efficiency for additional insights into its operations and management’s actions.

InvestingPro Insights

As we delve into the current insider transaction at Ingredion Included (NYSE:INGR), there are a number of key metrics and InvestingPro Suggestions that may present a broader context for buyers trying to perceive the corporate’s monetary well being and market place.

With a market capitalization of roughly $7.56 billion, Ingredion is sustaining a robust presence within the ingredient options sector. The corporate’s Value-to-Earnings (P/E) ratio stands at 11.9, which, when adjusted for the final twelve months as of This autumn 2023, barely decreases to 11.63. This means that the corporate is buying and selling at a low earnings a number of, which may be interesting to worth buyers. Furthermore, the PEG ratio for a similar interval is at 0.38, suggesting a positive progress trajectory relative to its earnings.

Traders might also discover it encouraging that Ingredion has a historical past of constant dividend progress, having raised its dividend for 13 consecutive years. That is complemented by a dividend yield of two.72%, with a notable improve of 9.86% in dividend progress over the past twelve months as of This autumn 2023. This constant dividend efficiency aligns with one of many InvestingPro Suggestions highlighting the corporate’s 27 years of maintained dividend funds, reinforcing its popularity as a dependable earnings inventory.

One other InvestingPro Tip value mentioning is Ingredion’s excellent Piotroski Rating of 9, which signifies excessive monetary energy and is usually utilized by buyers as an indicator of strong fundamentals. Moreover, the corporate operates with a reasonable stage of debt and has liquid belongings that exceed short-term obligations, which may be reassuring for buyers involved about monetary stability.

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General, these metrics and ideas from InvestingPro may help buyers acquire a richer understanding of Ingredion’s monetary place and market valuation, which can be significantly helpful when evaluating the implications of insider transactions.

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