AE Wealth Management LLC bought a new stake in shares of Ingredion Inc (NYSE:INGR) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,708 shares of the company’s stock, valued at approximately $809,000.
Several other institutional investors have also added to or reduced their stakes in INGR. Alpha Windward LLC purchased a new position in shares of Ingredion during the 4th quarter valued at approximately $29,000. Quadrant Capital Group LLC boosted its stake in shares of Ingredion by 113.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 593 shares of the company’s stock valued at $46,000 after buying an additional 315 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Ingredion during the 2nd quarter valued at approximately $124,000. Evoke Wealth LLC purchased a new position in shares of Ingredion during the 3rd quarter valued at approximately $143,000. Finally, HM Payson & Co. purchased a new position in shares of Ingredion during the 2nd quarter valued at approximately $195,000. Institutional investors own 86.44% of the company’s stock.
INGR stock opened at $92.58 on Tuesday. The company has a current ratio of 2.45, a quick ratio of 1.53 and a debt-to-equity ratio of 0.81. The firm has a market cap of $6.18 billion, a P/E ratio of 15.77 and a beta of 0.84. Ingredion Inc has a 12-month low of $73.00 and a 12-month high of $99.91. The stock’s 50 day simple moving average is $90.55 and its 200 day simple moving average is $82.87.
Ingredion (NYSE:INGR) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.09. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.46 billion. Ingredion had a return on equity of 17.69% and a net margin of 6.67%. The business’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 EPS. On average, research analysts forecast that Ingredion Inc will post 6.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Tuesday, December 31st. Ingredion’s dividend payout ratio is currently 36.42%.
Several equities analysts have recently commented on the company. TheStreet upgraded Ingredion from a “c+” rating to a “b-” rating in a research note on Friday, December 27th. Zacks Investment Research upgraded Ingredion from a “sell” rating to a “hold” rating in a research note on Friday, January 10th. ValuEngine upgraded Ingredion from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Stephens increased their target price on Ingredion from $97.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Ingredion presently has a consensus rating of “Hold” and a consensus target price of $92.33.
In related news, SVP Elizabeth Adefioye sold 2,779 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $89.31, for a total transaction of $248,192.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.56% of the company’s stock.
Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, glucose and syrup solids, as well as food-grade and industrial starches, and biomaterials.
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