Ingredion (INGR)

Company Profile

Ingredion Incorporated, headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in more than 120 countries. With 2020 annual net sales of $6 billion, the Company turns grains, fruits, vegetables and other plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing and industrial markets. With Ingredion Idea Labs® innovation centers around the world and approximately 12,000 employees, the Company co-creates with customers and fulfills its purpose of bringing the potential of people, nature and technology together to make life better.

Company profile

Ticker

INGR

Exchange

NYSE

Website

www.ingredion.com

CEO

James Zallie

Incorporated

Delaware

Location

Illinois

Fiscal year end

Dec 31

Sector

Manufacturing > Wet Corn Milling

Industry (SIC)

Grain Mill Products

General Mills • Kellogg • Post • Forafric Global • Freshpet • RiceBran Technologies • Rogue One • Applied BioSciences • Affinity Gold ...

Former names

CORN PRODUCTS INTERNATIONAL INC

SEC CIK

0001046257

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Amishi Drugs And Chemicals Pvt. Ltd. • Arrendadora Gefemesa, S.A. de C.V. • Bedford Construction Company • Brunob II B.V. • Cali Investment LLC • Colombia Millers Ltd. • Corn Products Americas Holdings • Corn Products Development, Inc. • Corn Products Inc. • Corn Products Kenya Limited ...

IRS number

223514823

INGR stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$123.00

Low target

$118.00

High target

$130.00

Latest filings (excl ownership)

View all

S-8

Registration of securities for employees

25 May 23

8-K

Departure of Directors or Certain Officers

16 May 23

8 May 23

Ingredion Incorporated Reports Record First Quarter Results

3 May 23

ARS

2022 FY

Annual report to shareholders

5 Apr 23

DEFA14A

Additional proxy soliciting materials

5 Apr 23

Departure of Directors or Certain Officers

Transcripts

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INGR

Earnings call transcript

2023 Q1

3 May 23

INGR

Earnings call transcript

2022 Q4

8 Feb 23

INGR

Earnings call transcript

2022 Q3

3 Nov 22

INGR

Earnings call transcript

2022 Q2

9 Aug 22

INGR

Earnings call transcript

2022 Q1

6 May 22

INGR

Earnings call transcript

2021 Q4

3 Feb 22

INGR

Earnings call transcript

2021 Q3

2 Nov 21

INGR

Earnings call transcript

2021 Q2

3 Aug 21

INGR

Earnings call transcript

2021 Q1

4 May 21

INGR

Earnings call transcript

2020 Q4

3 Feb 21

Latest ownership filings

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144

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities (amended)

18 May 23

144

Notice of proposed sale of securities

17 May 23

144

Notice of proposed sale of securities

16 May 23

Financial summary

Financial statements Chart INGR financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	216.00 mm	216.00 mm	216.00 mm	216.00 mm	216.00 mm	216.00 mm
Cash burn (monthly)	6.67 mm	9.00 mm	(no burn)	(no burn)	17.00 mm	(no burn)
Cash used (since last report)	14.08 mm	19.01 mm	n/a	n/a	35.91 mm	n/a
Cash remaining	201.92 mm	196.99 mm	n/a	n/a	180.09 mm	n/a
Runway (months of cash)	30.3	21.9	n/a	n/a	10.6	n/a

Beta Read what these cash burn values mean

Financial data from Ingredion earnings reports.

Institutional ownership, Q1 2023

INGR institutional ownership history Ownership history

85.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	462	474	-2.5%
Opened positions	40	74	-45.9%
Closed positions	52	33	+57.6%
Increased positions	170	159	+6.9%
Reduced positions	155	151	+2.6%

13F shares	Current	Prev Q	Change
Total value	5.65 tn	5.54 tn	+1.9%
Total shares	56.27 mm	56.91 mm	-1.1%
Total puts	58.89 k	57.89 k	+1.7%
Total calls	113.80 k	107.00 k	+6.4%
Total put/call ratio	0.5	0.5	-4.4%

Largest owners	Shares	Value	Change
Vanguard	7.42 mm	$754.57 bn	+0.5%
BLK Blackrock	6.17 mm	$627.17 bn	-0.0%
LSV Asset Management	2.53 mm	$257.27 bn	-2.3%
STT State Street	2.42 mm	$247.62 bn	+1.1%
Dimensional Fund Advisors	2.31 mm	$234.78 bn	-6.7%
Yacktman Asset Management	2.26 mm	$230.35 bn	-1.9%
Massachusetts Financial Services	1.79 mm	$182.47 bn	+0.9%
Snyder Capital Management L P	1.43 mm	$145.24 bn	+1.2%
MCQEF Macquarie	1.38 mm	$139.79 bn	-5.6%
Victory Capital Management	1.18 mm	$120.36 bn	+6.6%

Largest transactions	Shares	Bought/sold	Change
Millennium Management	0.00	-675.35 k	EXIT
Norges Bank	0.00	-635.01 k	EXIT
Envestnet Asset Management	652.18 k	+468.33 k	+254.7%
BMO Bank of Montreal	0.00	-347.76 k	EXIT
Nordea Investment Management Ab	278.34 k	+278.34 k	NEW
Candlestick Capital Management	655.00 k	+230.00 k	+54.1%
Dimensional Fund Advisors	2.31 mm	-165.17 k	-6.7%
Virginia Retirement Systems Et Al	0.00	-163.60 k	EXIT
Scopus Asset Management	200.00 k	+160.00 k	+400.0%
Amundi	616.53 k	+150.15 k	+32.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

INGR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Jun 23	James D Gray	Common Stock	Sell	Dispose S	No	No	104.9	5,000	524.50 k	32,960.266
1 Jun 23	James D Gray	Common Stock	Option exercise	Acquire M	No	No	59.58	5,000	297.90 k	37,960.266
1 Jun 23	James D Gray	Employee Stock Options Common Stock	Option exercise	Dispose M	No	No	59.58	5,000	297.90 k	2,710
31 May 23	David Eric Seip	Phantom Stock Common Stock	Grant	Acquire A	No	No	104.6	15.162	1.59 k	4,109.04
31 May 23	Jinghuai Xu	Phantom Stock Common Stock	Grant	Acquire A	No	No	104.6	38.211	4.00 k	10,319.697
24 May 23	Davida Marie Gable	Common Stock	Sell	Dispose S	No	No	110.1891	1,164	128.26 k	1,170.539
24 May 23	Davida Marie Gable	Common Stock	Option exercise	Acquire M	No	No	88.66	1,164	103.20 k	2,334.539
24 May 23	Davida Marie Gable	Employee Stock Options Common Stock	Option exercise	Dispose M	No	No	88.66	1,164	103.20 k	2,327