Measured Wealth Private Client Group LLC Raises Holdings in Ingredion Incorporated (NYSE:INGR)

Measured Wealth Private Client Group LLC raised its holdings in Ingredion Incorporated (NYSE:INGR) by 48.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,075 shares of the company’s stock after purchasing an additional 1,663 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Ingredion were worth $698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INGR. Orion Portfolio Solutions LLC increased its position in shares of Ingredion by 195.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 11,608 shares of the company’s stock worth $1,595,000 after purchasing an additional 7,676 shares during the last quarter. State Street Corp increased its position in shares of Ingredion by 0.8% during the third quarter. State Street Corp now owns 2,436,601 shares of the company’s stock valued at $334,862,000 after acquiring an additional 19,560 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Ingredion by 75.7% in the 3rd quarter. Franklin Resources Inc. now owns 194,295 shares of the company’s stock valued at $26,109,000 after acquiring an additional 83,708 shares during the period. Principal Financial Group Inc. raised its stake in shares of Ingredion by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 725,374 shares of the company’s stock valued at $99,683,000 after acquiring an additional 10,812 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Ingredion by 13.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 305,827 shares of the company’s stock worth $42,030,000 after acquiring an additional 35,657 shares during the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

INGR has been the subject of several research reports. BMO Capital Markets dropped 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. UBS Group lifted 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. Stephens decreased their target price on Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Barclays lifted their target price on Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, Oppenheimer reduced their price target on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Ingredion currently has an average rating of “Moderate Buy” and an average target price of $154.33.

Insider Transactions at Ingredion

In related news, CFO James D. Gray sold 54,869 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $146.76, for a total value of $8,052,574.44. Following the completion of the transaction, the chief financial officer now directly owns 12,795 shares of the company’s stock, valued at $1,877,794.20. This represents a 81.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Larry Fernandes sold 6,122 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $140.66, for a total transaction of $861,120.52. Following the sale, the senior vice president now directly 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 three months, insiders sold 60,992 shares of company stock valued at $8,913,841. Insiders own 1.80% of the company’s stock.

Ingredion Trading Up 0.8 %

INGR opened at $127.34 on Friday. The business has a fifty day moving average price of $138.40 and a 200 day moving average price of $136.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.67 and a quick ratio of 1.69. Ingredion Incorporated has a 12 month low of $107.77 and a 12 month high of $155.44. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.11 and a beta of 0.74.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.09. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 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 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 earnings per share. Sell-side analysts expect that Ingredion Incorporated will post 10.59 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. Stockholders of record on Thursday, January 2nd were issued a $0.80 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.51%. Ingredion’s payout ratio is 32.96%.

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.