Ingredion Incorporated (NYSE:INGR) Shares Sold by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC decreased its stake in Ingredion Incorporated (NYSE:INGR) by 0.4% in the 3rd quarter, Holdings Channel reports. The firm owned 59,130 shares of the company’s stock after selling 209 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Ingredion were worth $8,126,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in Ingredion by 5.7% in the third quarter. Signaturefd LLC now owns 1,570 shares of the company’s stock valued at $216,000 after buying an additional 85 shares in the last quarter. Conscious Wealth Investments LLC grew its holdings in Ingredion by 0.4% during the 2nd quarter. Conscious Wealth Investments LLC now owns 25,165 shares of the company’s stock valued at $2,967,000 after buying an additional 106 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Ingredion by 102.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 233 shares of the company’s stock worth $27,000 after purchasing an additional 118 shares in the last quarter. Delphi Management Inc. MA raised its stake in Ingredion by 0.8% in the 2nd quarter. Delphi Management Inc. MA now owns 15,631 shares of the company’s stock valued at $1,793,000 after purchasing an additional 123 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in Ingredion by 1.1% in the 3rd quarter. QRG Capital Management Inc. now owns 12,571 shares of the company’s stock valued at $1,728,000 after purchasing an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Stock Down 0.5 %

NYSE INGR opened at $149.19 on Friday. The company has a market capitalization of $9.72 billion, a P/E ratio of 14.56, a PEG ratio of 1.29 and a beta of 0.73. Ingredion Incorporated has a 12 month low of $100.90 and a 12 month high of $155.44. The company’s 50 day simple moving average is $137.15 and its 200 day simple moving average is $126.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.67 and a quick ratio of 1.69.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, November 5th. The company reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.47. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.94 billion. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.33 earnings per share. Equities research analysts expect that Ingredion Incorporated will post 10.6 earnings per share for the current fiscal year.

Ingredion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.80 per share. This is a positive change from Ingredion’s previous quarterly dividend of $0.78. This represents a $3.20 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Tuesday, October 1st. Ingredion’s dividend payout ratio (DPR) is 31.22%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on INGR. UBS Group raised their price objective on Ingredion from $141.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. StockNews.com downgraded Ingredion from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. Barclays lifted 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. Oppenheimer boosted their price target on Ingredion from $147.00 to $178.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, BMO Capital Markets boosted their price objective on shares of Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

Insiders Place Their Bets

In related news, SVP Larry Fernandes sold 4,700 shares of Ingredion stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $153.41, for a total transaction of $721,027.00. Following the completion of the transaction, the senior vice president now directly owns 29,034 shares of the company’s stock, valued at $4,454,105.94. This trade represents a 13.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James P. Zallie sold 1,000 shares of Ingredion stock in a transaction on Monday, August 26th. The shares were sold at an average price of $134.02, for a total value of $134,020.00. Following the completion of the transaction, the chief executive officer now owns 52,530 shares of the company’s stock, valued at approximately $7,040,070.60. The trade was a 1.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,056 shares of company stock valued at $4,121,736 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

About Ingredion

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.