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Ingredion's Q4 earnings beat forecasts, but revenue dropped, and key executives sold shares.
Ingredion Incorporated saw mixed interest from investors in Q4, with Equity Investment Corp reducing its holdings by 16.4%, while NewEdge Wealth LLC increased its stake by 19.8%.
The company reported Q4 earnings of $2.63 per share, exceeding expectations by $0.09, but revenue fell 6.3% year-over-year.
Ingredion's CEO and CFO sold a combined 65,685 shares recently.
The stock currently trades at $130.59, with a consensus price target of $158.20.
3 Articles
Las ganancias Q4 de Ingredion superaron las previsiones, pero los ingresos cayeron, y los ejecutivos principales vendieron acciones.