Ingredion Incorporated (NYSE:INGR) CEO Sells $1,361,392.20 in Stock

Ingredion Incorporated (NYSE:INGR) CEO James P. Zallie sold 10,815 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the completion of the transaction, the chief executive officer now owns 34,127 shares in the company, valued at $4,295,906.76. This trade represents a 24.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Ingredion Stock Performance

Shares of INGR stock opened at $128.07 on Friday. The firm has a market capitalization of $8.35 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.03 and a beta of 0.74. The firm has a fifty day simple moving average of $133.87 and a two-hundred day simple moving average of $136.50. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. Ingredion Incorporated has a 12 month low of $109.51 and a 12 month high of $155.44.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.09. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. Ingredion’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.65 EPS. Analysts forecast that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.20 dividend on an annualized basis and a yield of 2.50%. Ingredion’s dividend payout ratio (DPR) is presently 32.96%.

Institutional Trading of Ingredion

A number of hedge funds and other institutional investors have recently bought and sold shares of INGR. BOK Financial Private Wealth Inc. bought a new stake in shares of Ingredion in the 4th quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Ingredion in the 4th quarter worth $27,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Ingredion by 653.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company’s stock worth $31,000 after acquiring an additional 196 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Ingredion in the 3rd quarter worth $41,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Ingredion by 32.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock worth $44,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on INGR. Oppenheimer dropped their target price on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Barclays boosted their target price on shares of Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Stephens dropped their target price on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. UBS Group boosted their target price on shares of Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, StockNews.com downgraded shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.20.

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.