Ingredion Incorporated (NYSE:INGR) Stock Position Increased by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC boosted its position in shares of Ingredion Incorporated (NYSE:INGR) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,318 shares of the company’s stock after buying an additional 90 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Ingredion were worth $594,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Ingredion in the 4th quarter valued at about $27,000. Prospera Private Wealth LLC bought a new stake in shares of Ingredion in the 3rd quarter worth approximately $41,000. Crews Bank & Trust acquired a new stake in Ingredion during the fourth quarter valued at approximately $48,000. Versant Capital Management Inc boosted its holdings in Ingredion by 431.0% during the fourth quarter. Versant Capital Management Inc now owns 446 shares of the company’s stock worth $61,000 after buying an additional 362 shares in the last quarter. Finally, Concord Wealth Partners boosted its holdings in Ingredion by 82.6% during the third quarter. Concord Wealth Partners now owns 493 shares of the company’s stock worth $68,000 after buying an additional 223 shares in the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ingredion

In related news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $125.88, for a total value of $1,361,392.20. Following the completion of the sale, the chief executive officer now owns 34,127 shares of the company’s stock, valued at approximately $4,295,906.76. The trade was a 24.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James D. Gray sold 54,869 shares of Ingredion 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 directly owns 12,795 shares of the company’s stock, valued at approximately $1,877,794.20. The trade was a 81.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,685 shares of company stock valued at $9,414,112. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on INGR. StockNews.com cut shares of Ingredion from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. UBS Group raised their price objective on Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Barclays increased their price target on Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. BMO Capital Markets decreased their target price on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Finally, Stephens decreased their target price on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $158.20.

Ingredion Trading Up 1.4 %

Shares of NYSE INGR opened at $128.07 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $8.35 billion, a PE ratio of 13.19, a PEG ratio of 1.03 and a beta of 0.74. The business has a 50-day moving average price of $133.87 and a two-hundred day moving average price of $136.50. Ingredion Incorporated has a one year low of $109.51 and a one year high of $155.44.

Ingredion (NYSE:INGR) last posted its quarterly 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 business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the company posted $1.65 earnings per share. As a group, analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

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

Ingredion 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.