Ingredion Incorporated (NYSE:INGR) SVP Sells $861,120.52 in Stock

Ingredion Incorporated (NYSE:INGR) SVP Larry Fernandes sold 6,122 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $140.66, for a total transaction of $861,120.52. Following the completion of the sale, the senior vice president now owns 29,034 shares of the company’s stock, valued at approximately $4,083,922.44. The trade was a 17.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Larry Fernandes also recently made the following trade(s):

• On Wednesday, November 6th, Larry Fernandes sold 4,700 shares of Ingredion stock. The stock was sold at an average price of $153.41, for a total transaction of $721,027.00.

Ingredion Trading Up 0.3 %

Shares of NYSE INGR opened at $142.37 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.69 and a current ratio of 2.67. Ingredion Incorporated has a 52-week low of $100.90 and a 52-week high of $155.44. The firm has a 50 day moving average price of $137.74 and a two-hundred day moving average price of $127.06. The stock has a market cap of $9.28 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 1.21 and a beta of 0.73.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.47. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the company posted $2.33 earnings per share. Ingredion’s revenue for the quarter was down 8.0% compared to the same quarter last year. As a group, equities analysts forecast that Ingredion Incorporated will post 10.6 EPS for the current year.

Ingredion Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.25%. This is a boost from Ingredion’s previous quarterly dividend of $0.78. The ex-dividend date was Tuesday, October 1st. Ingredion’s dividend payout ratio (DPR) is presently 31.22%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com lowered shares of Ingredion from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. Oppenheimer upped their price target on shares of Ingredion from $147.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. BMO Capital Markets boosted their price objective on shares of Ingredion from $128.00 to $147.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. Barclays boosted their price objective on shares of Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, UBS Group upped their price target on shares of Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $155.17.

Institutional Investors Weigh In On Ingredion

A number of large investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. lifted its stake in shares of Ingredion by 33.5% in the third quarter. Sunbelt Securities Inc. now owns 2,128 shares of the company’s stock valued at $292,000 after buying an additional 534 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Ingredion by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,167,693 shares of the company’s stock worth $160,516,000 after purchasing an additional 19,064 shares in the last quarter. Barclays PLC increased its stake in shares of Ingredion by 31.9% in the third quarter. Barclays PLC now owns 47,291 shares of the company’s stock worth $6,499,000 after purchasing an additional 11,432 shares in the last quarter. Laraway Financial Advisors Inc purchased a new position in Ingredion during the third quarter valued at approximately $230,000. Finally, Orion Portfolio Solutions LLC grew its stake in Ingredion by 195.2% during the third quarter. Orion Portfolio Solutions LLC now owns 11,608 shares of the company’s stock valued at $1,595,000 after acquiring an additional 7,676 shares in the last quarter. 85.27% of the stock is currently 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.