Ingredion Incorporated (NYSE:INGR) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in shares of Ingredion Incorporated (NYSE:INGR) by 775.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,120 shares of the company’s stock after acquiring an additional 7,193 shares during the quarter. SG Americas Securities LLC’s holdings in Ingredion were worth $1,098,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of INGR. BOK Financial Private Wealth Inc. acquired a new position in shares of Ingredion during the 4th quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Ingredion by 653.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company’s stock valued at $31,000 after buying an additional 196 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in Ingredion during the fourth quarter worth about $33,000. EverSource Wealth Advisors LLC increased its holdings in shares of Ingredion by 32.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock worth $44,000 after buying an additional 79 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in Ingredion in the fourth quarter valued at $55,000. 85.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Larry Fernandes sold 2,400 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $135.82, for a total transaction of $325,968.00. Following the completion of the transaction, the senior vice president now directly owns 31,996 shares of the company’s stock, valued at approximately $4,345,696.72. This represents a 6.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

Ingredion Stock Performance

Shares of INGR stock opened at $137.50 on Wednesday. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 1.11 and a beta of 0.73. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.86 and a current ratio of 2.85. Ingredion Incorporated has a 1 year low of $111.54 and a 1 year high of $155.44. The stock’s 50-day moving average is $135.18 and its two-hundred day moving average is $134.63.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.53. Ingredion had a net margin of 8.53% and a return on equity of 19.75%. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the business earned $2.08 EPS. Ingredion’s quarterly revenue was down 3.7% compared to the same quarter last year. Analysts predict 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 will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 1st will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Tuesday, July 1st. Ingredion’s dividend payout ratio (DPR) is presently 33.76%.

Analysts Set New Price Targets

INGR has been the topic of a number of research analyst reports. Oppenheimer reduced their price target on shares of Ingredion from $167.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. UBS Group set a $155.00 price target on Ingredion in a research report on Tuesday, April 22nd. Finally, Wall Street Zen raised shares of Ingredion from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 8th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $152.20.

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.