Ingredion Incorporated (NYSE:INGR) Shares Acquired by Equitable Trust Co.

Equitable Trust Co. lifted its position in shares of Ingredion Incorporated (NYSE:INGR) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,955 shares of the company’s stock after buying an additional 1,115 shares during the period. Equitable Trust Co.’s holdings in Ingredion were worth $3,845,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC increased its holdings in Ingredion by 1.8% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 4,162 shares of the company’s stock valued at $572,000 after purchasing an additional 74 shares in the last quarter. Signaturefd LLC grew its stake in shares of Ingredion by 5.7% during the third quarter. Signaturefd LLC now owns 1,570 shares of the company’s stock valued at $216,000 after acquiring an additional 85 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Ingredion by 0.5% during the third quarter. Tidal Investments LLC now owns 19,905 shares of the company’s stock valued at $2,720,000 after acquiring an additional 94 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Ingredion by 0.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,383 shares of the company’s stock worth $1,427,000 after purchasing an additional 97 shares during the last quarter. Finally, Seelaus Asset Management LLC lifted its position in shares of Ingredion by 3.3% during the third quarter. Seelaus Asset Management LLC now owns 3,285 shares of the company’s stock worth $451,000 after purchasing an additional 105 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Stock Up 0.3 %

INGR stock opened at $127.83 on Monday. 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 1 year low of $107.77 and a 1 year high of $155.44. The company has a fifty day simple moving average of $137.62 and a 200 day simple moving average of $136.15. The firm has a market cap of $8.33 billion, a PE ratio of 13.17, a PEG ratio of 1.04 and a beta of 0.74.

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

Ingredion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.80 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.20 annualized dividend and a dividend yield of 2.50%. Ingredion’s payout ratio is 32.96%.

Insider Transactions at Ingredion

In other news, CFO James D. Gray sold 54,869 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 12,795 shares in the company, valued at approximately $1,877,794.20. The trade was a 81.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Larry Fernandes sold 6,122 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $140.66, for a total transaction of $861,120.52. Following the transaction, the senior vice president now owns 29,034 shares in the company, valued at approximately $4,083,922.44. The trade was a 17.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,992 shares of company stock worth $8,913,841. 1.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on INGR shares. Barclays increased their price target on shares of Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. StockNews.com cut shares of Ingredion from a “strong-buy” rating to a “buy” rating in a report on Thursday. BMO Capital Markets cut their target price on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Stephens cut their target price on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, Oppenheimer cut their target price on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $154.33.

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.