Ingredion Incorporated (NYSE:INGR) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC raised its holdings in Ingredion Incorporated (NYSE:INGR) by 110.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 644 shares of the company’s stock after acquiring an additional 338 shares during the quarter. Venturi Wealth Management LLC’s holdings in Ingredion were worth $89,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in INGR. Creative Planning raised its stake in shares of Ingredion by 5.5% during the 3rd quarter. Creative Planning now owns 11,203 shares of the company’s stock worth $1,540,000 after buying an additional 584 shares during the last quarter. Blue Trust Inc. increased its holdings in Ingredion by 126.1% during the 3rd quarter. Blue Trust Inc. now owns 1,343 shares of the company’s stock valued at $185,000 after acquiring an additional 749 shares in the last quarter. Signaturefd LLC raised its position in Ingredion by 5.7% during the third quarter. Signaturefd LLC now owns 1,570 shares of the company’s stock worth $216,000 after acquiring an additional 85 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Ingredion by 10.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,003 shares of the company’s stock valued at $550,000 after purchasing an additional 387 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of Ingredion by 114.1% in the third quarter. Allworth Financial LP now owns 929 shares of the company’s stock valued at $128,000 after purchasing an additional 495 shares during the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on INGR shares. BMO Capital Markets lowered their target price on Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Oppenheimer dropped their price objective on Ingredion from $178.00 to $167.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Barclays upped their target price on shares of Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Stephens lowered their price target 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. Finally, StockNews.com lowered shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Ingredion currently has an average rating of “Moderate Buy” and a consensus price target of $158.20.

Ingredion Stock Up 1.4 %

INGR opened at $128.07 on Monday. Ingredion Incorporated has a 12 month low of $109.51 and a 12 month high of $155.44. The business has a 50-day moving average of $133.87 and a two-hundred day moving average of $136.57. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 1.03 and a beta of 0.74.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.09. The firm had revenue of $1.80 billion during 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%. Ingredion’s revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.65 earnings per share. On average, research analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Announces Dividend

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

Insider Activity at Ingredion

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the transaction, the chief executive officer now directly owns 34,127 shares of the company’s stock, valued at $4,295,906.76. The trade was a 24.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO James D. Gray sold 54,869 shares of the firm’s 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 transaction, the chief financial officer now directly owns 12,795 shares in the company, valued at approximately $1,877,794.20. This represents a 81.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,685 shares of company stock worth $9,414,112. 1.80% of the stock is owned by insiders.

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.