Ingredion Incorporated (NYSE:INGR) Shares Acquired by Conscious Wealth Investments LLC

Conscious Wealth Investments LLC lifted its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 0.4% in the second quarter, HoldingsChannel.com reports. The firm owned 25,165 shares of the company’s stock after acquiring an additional 106 shares during the quarter. Ingredion accounts for about 2.1% of Conscious Wealth Investments LLC’s investment portfolio, making the stock its 22nd largest holding. Conscious Wealth Investments LLC’s holdings in Ingredion were worth $2,967,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its stake in Ingredion by 102.6% during the first quarter. EverSource Wealth Advisors LLC now owns 233 shares of the company’s stock worth $27,000 after purchasing an additional 118 shares in the last quarter. Patrick M Sweeney & Associates Inc. boosted its holdings in Ingredion by 6.3% during the 1st quarter. Patrick M Sweeney & Associates Inc. now owns 2,178 shares of the company’s stock valued at $255,000 after acquiring an additional 130 shares during the period. STAR Financial Bank boosted its holdings in Ingredion by 3.8% during the 4th quarter. STAR Financial Bank now owns 3,581 shares of the company’s stock valued at $389,000 after acquiring an additional 132 shares during the period. Signaturefd LLC grew its position in Ingredion by 10.4% in the 2nd quarter. Signaturefd LLC now owns 1,485 shares of the company’s stock valued at $170,000 after acquiring an additional 140 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in shares of Ingredion by 8.1% during the second quarter. Foundations Investment Advisors LLC now owns 2,107 shares of the company’s stock worth $242,000 after purchasing an additional 158 shares in the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ingredion

In other Ingredion news, SVP Robert A. Ritchie sold 1,195 shares of Ingredion stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $125.00, for a total transaction of $149,375.00. Following the transaction, the senior vice president now owns 15,906 shares of the company’s stock, valued at $1,988,250. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Ingredion news, CEO James P. Zallie sold 1,300 shares of Ingredion stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $134.03, for a total value of $174,239.00. Following the transaction, the chief executive officer now directly owns 52,530 shares in the company, valued at $7,040,595.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Robert A. Ritchie sold 1,195 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $125.00, for a total transaction of $149,375.00. Following the sale, the senior vice president now owns 15,906 shares of the company’s stock, valued at approximately $1,988,250. The disclosure for this sale can be found here. Insiders sold a total of 26,045 shares of company stock valued at $3,482,491 in the last three months. 1.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Ingredion Price Performance

INGR stock opened at $134.70 on Tuesday. The business has a 50 day moving average price of $127.02 and a 200 day moving average price of $119.65. The company has a quick ratio of 1.51, a current ratio of 2.52 and a debt-to-equity ratio of 0.47. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 1.23 and a beta of 0.73. Ingredion Incorporated has a fifty-two week low of $89.54 and a fifty-two week high of $137.21.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $2.87 earnings per share for the quarter, topping 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 business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the firm earned $2.32 EPS. The company’s revenue was down 9.2% compared to the same quarter last year. Equities research analysts anticipate that Ingredion Incorporated will post 9.95 earnings per share for the current fiscal year.

Ingredion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st will be issued a $0.80 dividend. This is an increase from Ingredion’s previous quarterly dividend of $0.78. This represents a $3.20 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Tuesday, October 1st. Ingredion’s payout ratio is presently 31.26%.

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.