Ingredion Incorporated (NYSE:INGR) Shares Sold by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. decreased its position in shares of Ingredion Incorporated (NYSE:INGR) by 11.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 835 shares of the company’s stock after selling 110 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Ingredion were worth $115,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of INGR. Renaissance Technologies LLC increased its position in Ingredion by 154.0% in the 2nd quarter. Renaissance Technologies LLC now owns 41,405 shares of the company’s stock valued at $4,749,000 after acquiring an additional 25,105 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Ingredion by 191.0% during the second quarter. Hsbc Holdings PLC now owns 19,970 shares of the company’s stock valued at $2,292,000 after purchasing an additional 13,108 shares during the period. Sei Investments Co. raised its stake in shares of Ingredion by 30.8% during the second quarter. Sei Investments Co. now owns 148,950 shares of the company’s stock valued at $17,084,000 after purchasing an additional 35,074 shares in the last quarter. Point72 DIFC Ltd lifted its holdings in Ingredion by 2,629.3% in the second quarter. Point72 DIFC Ltd now owns 3,821 shares of the company’s stock worth $438,000 after purchasing an additional 3,681 shares during the period. Finally, Cubist Systematic Strategies LLC grew its position in Ingredion by 154.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 49,975 shares of the company’s stock valued at $5,732,000 after buying an additional 30,339 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Insider Activity at Ingredion

In related news, CFO James D. Gray sold 54,869 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $146.76, for a total transaction of $8,052,574.44. Following the transaction, the chief financial officer now directly owns 12,795 shares of the company’s stock, valued at approximately $1,877,794.20. The trade was a 81.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Larry Fernandes sold 4,700 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $153.41, for a total value of $721,027.00. Following the sale, the senior vice president now owns 29,034 shares of the company’s stock, valued at $4,454,105.94. The trade was a 13.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,692 shares of company stock worth $9,634,868. 1.80% of the stock is owned by corporate insiders.

Ingredion Stock Performance

INGR opened at $136.79 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.67 and a debt-to-equity ratio of 0.44. The firm has a market cap of $8.91 billion, a PE ratio of 13.35, a P/E/G ratio of 1.11 and a beta of 0.75. The business has a fifty day simple moving average of $140.51 and a 200-day simple moving average of $134.73. Ingredion Incorporated has a fifty-two week low of $107.20 and a fifty-two week high of $155.44.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, November 5th. The company reported $3.05 EPS for the quarter, beating the consensus estimate of $2.58 by $0.47. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.94 billion. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. Ingredion’s revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.33 earnings per share. As a group, equities analysts predict that Ingredion Incorporated will post 10.59 EPS for the current fiscal year.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.80 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.34%. Ingredion’s dividend payout ratio is currently 31.22%.

Analysts Set New Price Targets

INGR has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. BMO Capital Markets boosted their target price on Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Stephens upgraded Ingredion to a “hold” rating in a research report on Monday, December 2nd. Oppenheimer lifted their price target on Ingredion from $147.00 to $178.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Barclays upped their price objective on Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $155.17.

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.