© Reuters.
WESTCHESTER, IL – Ingredion Integrated (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 line with the most recent filings, Bastos-Evans bought a nominal quantity of residual frequent inventory shares, totaling roughly $18.
The transaction, which happened on March 16, 2024, concerned the sale of 0.1639 shares of Ingredion’s frequent inventory at a worth 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 signify 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 whole 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 big stake within the firm.
Traders typically monitor insider transactions as they’ll present insights into executives’ views on the corporate’s inventory worth. Nevertheless, given the small scale of the latest sale and its nature associated to tax obligations, it could not sign a change within the government’s outlook on the corporate’s future efficiency.
Ingredion has not offered any extra feedback on these transactions. Traders and analysts will proceed to observe the corporate’s filings and market efficiency for additional insights into its operations and management’s actions.
InvestingPro Insights
As we delve into the latest insider transaction at Ingredion Integrated (NYSE:INGR), there are a number of key metrics and InvestingPro Ideas that may present a broader context for traders seeking to perceive the corporate’s monetary well being and market place.
With a market capitalization of roughly $7.56 billion, Ingredion is sustaining a powerful presence within the ingredient options sector. The corporate’s Worth-to-Earnings (P/E) ratio stands at 11.9, which, when adjusted for the final twelve months as of This fall 2023, barely decreases to 11.63. This means that the corporate is buying and selling at a low earnings a number of, which could be interesting to worth traders. Furthermore, the PEG ratio for a similar interval is at 0.38, suggesting a positive progress trajectory relative to its earnings.
Traders may additionally 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 during the last twelve months as of This fall 2023. This constant dividend efficiency aligns with one of many InvestingPro Ideas highlighting the corporate’s 27 years of maintained dividend funds, reinforcing its repute as a dependable earnings inventory.
One other InvestingPro Tip value mentioning is Ingredion’s good Piotroski Rating of 9, which signifies excessive monetary power and is commonly utilized by traders as an indicator of strong fundamentals. Moreover, the corporate operates with a reasonable degree of debt and has liquid belongings that exceed short-term obligations, which could be reassuring for traders involved about monetary stability.
For these enthusiastic about additional insights and suggestions, InvestingPro provides extra detailed evaluation, together with extra suggestions for Ingredion. To entry these insights, traders can use the coupon code PRONEWS24 to get an extra 10% off a yearly or biyearly Professional and Professional+ subscription. There are 12 extra InvestingPro Ideas accessible, offering a complete take a look at Ingredion’s monetary metrics and potential funding outlook.
General, these metrics and suggestions from InvestingPro can assist traders 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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