12,734 Shares in Ingredion Incorporated (NYSE:INGR) Purchased by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora acquired a new position in shares of Ingredion Incorporated (NYSE:INGR) in the 4th quarter, Holdings Channel reports. The fund acquired 12,734 shares of the company’s stock, valued at approximately $1,752,000.

Several other large investors have also made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new position in Ingredion during the second quarter valued at about $33,000. Prospera Private Wealth LLC bought a new stake in shares of Ingredion in the 3rd quarter valued at approximately $41,000. Versant Capital Management Inc grew its stake in shares of Ingredion by 431.0% in the 4th quarter. Versant Capital Management Inc now owns 446 shares of the company’s stock valued at $61,000 after purchasing an additional 362 shares during the period. Concord Wealth Partners grew its stake in shares of Ingredion by 82.6% in the 3rd quarter. Concord Wealth Partners now owns 493 shares of the company’s stock valued at $68,000 after purchasing an additional 223 shares during the period. Finally, Quest Partners LLC bought a new stake in shares of Ingredion in the 3rd quarter valued at approximately $86,000. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Stock Up 1.2 %

NYSE:INGR opened at $136.68 on Thursday. The stock’s fifty day moving average price is $139.86 and its two-hundred day moving average price is $135.52. Ingredion Incorporated has a 52-week low of $107.40 and a 52-week high of $155.44. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.69 and a current ratio of 2.67. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 1.10 and a beta of 0.75.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.47. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.94 billion. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.33 EPS. On average, analysts anticipate that Ingredion Incorporated will post 10.59 EPS for the current year.

Ingredion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Thursday, January 2nd were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, January 2nd. Ingredion’s dividend payout ratio (DPR) is currently 31.22%.

Insider Activity

In related news, SVP Larry Fernandes sold 6,122 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $140.66, for a total value of $861,120.52. Following the completion of the sale, the senior vice president now owns 29,034 shares in the company, valued at $4,083,922.44. This represents a 17.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO James D. Gray sold 54,869 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $146.76, for a total transaction of $8,052,574.44. Following the completion of the sale, the chief financial officer now owns 12,795 shares of the company’s stock, valued at approximately $1,877,794.20. This represents a 81.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,692 shares of company stock valued at $9,634,868 in the last 90 days. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group upped their price objective on Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Barclays boosted their target price on Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. BMO Capital Markets boosted their target price on Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Oppenheimer boosted their target price on Ingredion from $147.00 to $178.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, Stephens raised Ingredion to a “hold” rating in a report on Monday, December 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.17.

About Ingredion

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.