Ingredion Incorporated (NYSE:INGR) CFO James D. Gray Sells 90 Shares of Stock

Ingredion Incorporated (NYSE:INGRGet Free Report) CFO James D. Gray sold 90 shares of Ingredion stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $133.58, for a total value of $12,022.20. Following the transaction, the chief financial officer now owns 12,729 shares of the company’s stock, valued at $1,700,339.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Ingredion Price Performance

INGR opened at $135.07 on Wednesday. The firm has a market cap of $8.87 billion, a P/E ratio of 13.53, a PEG ratio of 1.22 and a beta of 0.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.52. Ingredion Incorporated has a fifty-two week low of $89.54 and a fifty-two week high of $138.37. The firm has a 50-day moving average of $133.69 and a 200 day moving average of $122.37.

Ingredion (NYSE:INGRGet Free Report) last released its earnings results on Tuesday, August 6th. The company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.34. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.98 billion. Ingredion had a net margin of 8.47% and a return on equity of 17.18%. The company’s revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.32 EPS. On average, research analysts expect that Ingredion Incorporated will post 9.95 EPS for the current year.

Ingredion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st will be paid a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This is a positive change from Ingredion’s previous quarterly dividend of $0.78. This represents a $3.20 annualized dividend and a dividend yield of 2.37%. Ingredion’s payout ratio is presently 32.06%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Ingredion during the second quarter valued at about $26,000. EverSource Wealth Advisors LLC raised its position in shares of Ingredion by 102.6% in the first quarter. EverSource Wealth Advisors LLC now owns 233 shares of the company’s stock valued at $27,000 after purchasing an additional 118 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Ingredion during the 2nd quarter valued at approximately $33,000. Family Firm Inc. bought a new position in Ingredion in the 2nd quarter worth approximately $36,000. Finally, International Assets Investment Management LLC bought a new position in Ingredion in the 2nd quarter worth approximately $36,000. Institutional investors own 85.27% of the company’s stock.

Wall Street Analyst Weigh In

INGR has been the topic of several analyst reports. BMO Capital Markets lifted their target price on Ingredion from $120.00 to $128.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. UBS Group raised their price objective on Ingredion from $141.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Oppenheimer upped their target price on shares of Ingredion from $126.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Barclays raised shares of Ingredion from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $122.00 to $145.00 in a research report on Friday, August 9th. Finally, StockNews.com downgraded shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $137.33.

Check Out Our Latest Stock Report on Ingredion

Ingredion Company Profile

(Get Free Report)

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.

Recommended Stories

Insider Buying and Selling by Quarter for Ingredion (NYSE:INGR)

Receive News & Ratings for Ingredion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingredion and related companies with MarketBeat.com's FREE daily email newsletter.