Prospera Private Wealth LLC Invests $41,000 in Ingredion Incorporated (NYSE:INGR)

Prospera Private Wealth LLC purchased a new stake in Ingredion Incorporated (NYSE:INGR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 300 shares of the company’s stock, valued at approximately $41,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Signaturefd LLC grew its holdings in Ingredion by 5.7% during the 3rd 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. Seelaus Asset Management LLC boosted its position in shares of Ingredion by 3.3% in the third quarter. Seelaus Asset Management LLC now owns 3,285 shares of the company’s stock valued at $451,000 after acquiring an additional 105 shares during the period. Conscious Wealth Investments LLC boosted its position in shares of Ingredion by 0.4% in the second quarter. Conscious Wealth Investments LLC now owns 25,165 shares of the company’s stock valued at $2,967,000 after acquiring an additional 106 shares during the period. EverSource Wealth Advisors LLC grew its stake in Ingredion by 102.6% during the first quarter. EverSource Wealth Advisors LLC now owns 233 shares of the company’s stock valued at $27,000 after acquiring an additional 118 shares in the last quarter. Finally, Delphi Management Inc. MA increased its holdings in Ingredion by 0.8% during the 2nd quarter. Delphi Management Inc. MA now owns 15,631 shares of the company’s stock worth $1,793,000 after acquiring an additional 123 shares during the period. 85.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO James P. Zallie sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $134.02, for a total value of $134,020.00. Following the sale, the chief executive officer now directly owns 52,530 shares of the company’s stock, valued at $7,040,070.60. This trade represents a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Larry Fernandes sold 4,700 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $153.41, for a total value of $721,027.00. Following the completion of the sale, the senior vice president now owns 29,034 shares of the company’s stock, valued at approximately $4,454,105.94. This trade represents a 13.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,178 shares of company stock valued at $4,982,857 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Ingredion Stock Performance

NYSE:INGR opened at $146.47 on Friday. Ingredion Incorporated has a 1-year low of $100.90 and a 1-year high of $155.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.67 and a quick ratio of 1.69. The business has a 50 day moving average of $138.09 and a 200 day moving average of $127.29. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 1.22 and a beta of 0.73.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, November 5th. The company reported $3.05 EPS for the quarter, beating the consensus estimate of $2.58 by $0.47. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.94 billion. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. The firm’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.33 EPS. On average, sell-side analysts predict 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. Investors of record on Tuesday, October 1st were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This is a boost from Ingredion’s previous quarterly dividend of $0.78. This represents a $3.20 annualized dividend and a yield of 2.18%. Ingredion’s dividend payout ratio is currently 31.22%.

Wall Street Analysts Forecast Growth

INGR has been the subject of a number of recent analyst reports. UBS Group boosted their price target on shares of Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Barclays upped their target price on Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. BMO Capital Markets lifted their price target on Ingredion from $128.00 to $147.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. Oppenheimer raised their target price on shares of Ingredion from $147.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, StockNews.com cut shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Ingredion has a consensus rating of “Moderate Buy” and a consensus target price of $155.17.

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.