Ingredion Incorporated (NYSE:INGR) SVP Larry Fernandes Sells 4,700 Shares

Ingredion Incorporated (NYSE:INGR) SVP Larry Fernandes sold 4,700 shares of the company’s stock in a transaction on 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 directly owns 29,034 shares in the company, valued at $4,454,105.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ingredion Stock Performance

NYSE INGR traded up $0.97 during trading hours on Thursday, hitting $151.49. The company had a trading volume of 154,544 shares, compared to its average volume of 377,676. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.52. Ingredion Incorporated has a 1-year low of $100.01 and a 1-year high of $155.44. The company has a market cap of $9.86 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 1.21 and a beta of 0.73. The business has a 50 day moving average of $135.54 and a 200-day moving average of $124.93.

Ingredion (NYSE:INGR) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.47. Ingredion had a net margin of 8.47% and a return on equity of 17.18%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm posted $2.33 earnings per share. Ingredion’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, equities research analysts expect that Ingredion Incorporated will post 10.05 EPS for the current year.

Ingredion Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.80 per share. This is an increase from Ingredion’s previous quarterly dividend of $0.78. The ex-dividend date was Tuesday, October 1st. This represents a $3.20 annualized dividend and a dividend yield of 2.11%. Ingredion’s dividend payout ratio is 32.72%.

Wall Street Analyst Weigh In

INGR has been the topic of a number of recent research reports. UBS Group upped their price objective on Ingredion from $141.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Barclays upped their price objective on Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday. StockNews.com downgraded shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. Oppenheimer boosted their target price on shares of Ingredion from $147.00 to $178.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, BMO Capital Markets boosted their target price on shares of Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $151.00.

Institutional Investors Weigh In On Ingredion

Several hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Ingredion during the second quarter worth about $26,000. EverSource Wealth Advisors LLC raised its holdings 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. Point72 Asia Singapore Pte. Ltd. purchased a new position in Ingredion during the second quarter worth about $33,000. Family Firm Inc. purchased a new position in Ingredion during the second quarter worth about $36,000. Finally, International Assets Investment Management LLC purchased a new position in Ingredion during the second quarter worth about $36,000. Institutional investors and hedge funds own 85.27% of the company’s stock.

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.