Ingredion Incorporated (NYSE:INGR) SVP Sells $325,968.00 in Stock

Ingredion Incorporated (NYSE:INGR) SVP Larry Fernandes sold 2,400 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $135.82, for a total value of $325,968.00. Following the transaction, the senior vice president now directly owns 31,996 shares in the company, valued at approximately $4,345,696.72. This trade represents a 6.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ingredion Stock Performance

Shares of NYSE:INGR opened at $137.05 on Friday. Ingredion Incorporated has a 12-month low of $111.54 and a 12-month high of $155.44. The company’s 50 day moving average price is $131.72 and its two-hundred day moving average price is $135.59. The firm has a market cap of $8.81 billion, a PE ratio of 14.11, a PEG ratio of 1.03 and a beta of 0.73. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.53. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the company earned $2.08 EPS. Equities research analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st were paid a $0.80 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $3.20 dividend on an annualized basis and a yield of 2.33%. Ingredion’s dividend payout ratio (DPR) is 33.76%.

Institutional Investors Weigh In On Ingredion

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board grew its position in Ingredion by 62.5% in the first quarter. Ontario Teachers Pension Plan Board now owns 25,879 shares of the company’s stock valued at $3,499,000 after acquiring an additional 9,956 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Ingredion by 766.7% during the 1st quarter. Deutsche Bank AG now owns 230,317 shares of the company’s stock valued at $31,141,000 after purchasing an additional 203,742 shares during the last quarter. Wealthspire Advisors LLC increased its position in Ingredion by 5.8% during the 1st quarter. Wealthspire Advisors LLC now owns 1,685 shares of the company’s stock worth $228,000 after purchasing an additional 92 shares in the last quarter. Costello Asset Management INC bought a new position in Ingredion in the 1st quarter valued at approximately $41,000. Finally, Horizon Family Wealth Inc. grew its stake in shares of Ingredion by 14.1% during the first quarter. Horizon Family Wealth Inc. now owns 3,332 shares of the company’s stock worth $451,000 after buying an additional 412 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on INGR. Oppenheimer decreased their target price on Ingredion from $167.00 to $155.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Stephens decreased their price objective on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. BMO Capital Markets cut their target price on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. UBS Group set a $155.00 price target on shares of Ingredion in a research note on Tuesday, April 22nd. Finally, StockNews.com downgraded shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.20.

Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.