Ingredion Incorporated (NYSE:INGR) Stock Holdings Raised by LPL Financial LLC

LPL Financial LLC raised its stake in Ingredion Incorporated (NYSE:INGR) by 3.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 15,320 shares of the company’s stock after purchasing an additional 474 shares during the period. LPL Financial LLC’s holdings in Ingredion were worth $1,623,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC grew its position in shares of Ingredion by 3,260.0% during the 1st quarter. Global Retirement Partners LLC now owns 336 shares of the company’s stock valued at $37,000 after buying an additional 326 shares during the last quarter. Aspire Private Capital LLC grew its position in shares of Ingredion by 172.3% during the 4th quarter. Aspire Private Capital LLC now owns 354 shares of the company’s stock valued at $34,667,220,000 after buying an additional 224 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Ingredion during the 1st quarter valued at about $43,000. Tradition Wealth Management LLC bought a new stake in shares of Ingredion during the 1st quarter valued at about $49,000. Finally, Pinnacle Bancorp Inc. grew its position in shares of Ingredion by 36.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 486 shares of the company’s stock valued at $51,000 after buying an additional 131 shares during the last quarter. Institutional investors own 84.80% of the company’s stock.

Ingredion Trading Down 0.1 %

Shares of NYSE:INGR opened at $102.24 on Tuesday. The company has a 50 day moving average of $96.59 and a 200-day moving average of $103.01. The firm has a market cap of $6.67 billion, a P/E ratio of 10.95, a P/E/G ratio of 1.01 and a beta of 0.81. Ingredion Incorporated has a twelve month low of $89.54 and a twelve month high of $113.46. The company has a current ratio of 1.97, a quick ratio of 1.07 and a debt-to-equity ratio of 0.57.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.38. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.12 billion. Ingredion had a net margin of 7.61% and a return on equity of 18.48%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.73 EPS. As a group, analysts anticipate that Ingredion Incorporated will post 9.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ingredion news, SVP David Eric Seip bought 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were acquired at an average cost of $98.50 per share, for a total transaction of $295,500.00. Following the acquisition, the senior vice president now directly owns 18,035 shares of the company’s stock, valued at $1,776,447.50. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on INGR. Stephens reissued an “overweight” rating and set a $130.00 target price on shares of Ingredion in a research note on Wednesday, November 8th. Barclays reduced their target price on shares of Ingredion from $118.00 to $110.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 1st. Oppenheimer began coverage on shares of Ingredion in a research note on Thursday, September 28th. They set an “outperform” rating and a $120.00 target price for the company. StockNews.com began coverage on shares of Ingredion in a research note on Thursday, October 5th. They set a “buy” rating for the company. Finally, BMO Capital Markets reduced their target price on shares of Ingredion from $125.00 to $117.00 and set a “market perform” rating for the company in a research note on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $120.50.

Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, produces 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.