Ingredion Incorporated (NYSE:INGR) CFO Sells $12,022.20 in Stock

Ingredion Incorporated (NYSE:INGR) CFO James D. Gray sold 90 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $133.58, for a total value of $12,022.20. Following the completion of the sale, the chief financial officer now owns 12,729 shares of the company’s stock, valued at $1,700,339.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ingredion Price Performance

Shares of NYSE:INGR opened at $134.38 on Tuesday. The company’s fifty day moving average is $133.55 and its two-hundred day moving average is $122.24. The company has a quick ratio of 1.51, a current ratio of 2.52 and a debt-to-equity ratio of 0.47. Ingredion Incorporated has a 12-month low of $89.54 and a 12-month high of $138.37. The company has a market cap of $8.82 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 1.22 and a beta of 0.72.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, August 6th. The company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.34. Ingredion had a net margin of 8.47% and a return on equity of 17.18%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the business earned $2.32 EPS. The company’s revenue was down 9.2% on a year-over-year basis. Equities analysts expect that Ingredion Incorporated will post 9.95 earnings per share for the current fiscal year.

Ingredion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st will be given a dividend of $0.80 per share. This is a boost from Ingredion’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $3.20 dividend on an annualized basis and a yield of 2.38%. Ingredion’s dividend payout ratio (DPR) is presently 32.06%.

Analyst Ratings Changes

A number of research firms have weighed in on INGR. UBS Group upped their target price on Ingredion from $141.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. BMO Capital Markets increased their price objective on Ingredion from $120.00 to $128.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. StockNews.com downgraded Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. Barclays upgraded Ingredion from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $122.00 to $145.00 in a research report on Friday, August 9th. Finally, Oppenheimer increased their price objective on Ingredion from $126.00 to $138.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Ingredion presently has a consensus rating of “Moderate Buy” and an average target price of $137.33.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of Ingredion by 92.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,764,012 shares of the company’s stock valued at $202,332,000 after purchasing an additional 846,967 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Ingredion by 5.8% during the 4th quarter. Vanguard Group Inc. now owns 7,773,126 shares of the company’s stock valued at $843,617,000 after purchasing an additional 427,496 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Ingredion by 177.8% in the 2nd quarter. Acadian Asset Management LLC now owns 396,743 shares of the company’s stock worth $45,491,000 after acquiring an additional 253,949 shares during the period. Dimensional Fund Advisors LP raised its holdings in Ingredion by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,685,339 shares of the company’s stock worth $308,009,000 after acquiring an additional 125,543 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in Ingredion by 43.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 405,465 shares of the company’s stock worth $47,303,000 after acquiring an additional 123,406 shares during the period. 85.27% of the stock is owned by institutional investors and hedge funds.

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.