Insider Selling: Ingredion Incorporated (NYSE:INGR) SVP Sells $149,375.00 in Stock

Ingredion Incorporated (NYSE:INGR) SVP Robert A. Ritchie sold 1,195 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $125.00, for a total value of $149,375.00. Following the completion of the transaction, the senior vice president now directly owns 15,906 shares in the company, valued at approximately $1,988,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ingredion Stock Down 0.3 %

Shares of NYSE INGR opened at $123.02 on Friday. Ingredion Incorporated has a one year low of $89.54 and a one year high of $125.46. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.44 and a quick ratio of 1.39. The business’s fifty day moving average price is $116.48 and its 200-day moving average price is $115.12. The stock has a market capitalization of $8.08 billion, a PE ratio of 12.33, a P/E/G ratio of 1.16 and a beta of 0.72.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $2.08 EPS for the quarter, meeting analysts’ consensus estimates of $2.08. Ingredion had a return on equity of 16.56% and a net margin of 8.45%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the prior year, the firm earned $2.80 EPS. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. On average, equities research analysts anticipate that Ingredion Incorporated will post 9.7 EPS for the current year.

Ingredion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Monday, July 1st were paid a dividend of $0.78 per share. The ex-dividend date was Monday, July 1st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.54%. Ingredion’s payout ratio is 31.26%.

Analyst Ratings Changes

Several research analysts have weighed in on INGR shares. BMO Capital Markets boosted their price objective on Ingredion from $117.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, May 9th. StockNews.com raised Ingredion from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.17.

Institutional Trading of Ingredion

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. raised its stake in shares of Ingredion by 40.2% during the 4th quarter. Blue Trust Inc. now owns 359 shares of the company’s stock valued at $39,000 after purchasing an additional 103 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Ingredion by 102.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 233 shares of the company’s stock valued at $27,000 after purchasing an additional 118 shares during the period. Patrick M Sweeney & Associates Inc. raised its stake in shares of 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 purchasing an additional 130 shares during the period. STAR Financial Bank raised its stake in shares of 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 purchasing an additional 132 shares during the period. Finally, Signaturefd LLC raised its stake in shares of Ingredion by 10.4% during the 2nd quarter. Signaturefd LLC now owns 1,485 shares of the company’s stock valued at $170,000 after purchasing an additional 140 shares during the period. 85.27% of the stock is currently owned by institutional investors.

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.