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

Sheaff Brock Investment Advisors LLC lessened its stake in Ingredion Incorporated (NYSE:INGR) by 0.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 59,130 shares of the company’s stock after selling 209 shares during the quarter. Sheaff Brock Investment Advisors LLC owned 0.09% of Ingredion worth $8,126,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in INGR. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Ingredion during the 2nd quarter worth approximately $26,000. EverSource Wealth Advisors LLC grew its stake in shares of Ingredion by 102.6% during the first 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. Point72 Asia Singapore Pte. Ltd. purchased a new position in Ingredion in the second quarter valued at $33,000. Family Firm Inc. acquired a new stake in Ingredion in the second quarter valued at $36,000. Finally, International Assets Investment Management LLC purchased a new stake in Ingredion during the 2nd quarter worth about $36,000. 85.27% of the stock is owned by institutional investors and hedge funds.

Ingredion Stock Down 0.5 %

Shares of NYSE:INGR opened at $149.19 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 stock has a market cap of $9.72 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.29 and a beta of 0.73. The firm has a fifty day moving average price of $137.15 and a 200 day moving average price of $126.19.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, November 5th. The company reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.47. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.94 billion. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.33 earnings per share. Sell-side analysts predict that Ingredion Incorporated will post 10.6 EPS for the current year.

Ingredion Increases Dividend

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

Insider Transactions at Ingredion

In other Ingredion news, CEO James P. Zallie sold 1,000 shares of Ingredion stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the senior vice president now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,056 shares of company stock worth $4,121,736 over the last 90 days. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

INGR has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on Ingredion from $128.00 to $147.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. Oppenheimer boosted their price objective on shares of Ingredion from $147.00 to $178.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Barclays increased their target price on shares of Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. UBS Group lifted their price target on shares of Ingredion from $141.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Finally, StockNews.com downgraded shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ingredion currently has a consensus rating of “Moderate Buy” and an average price target of $151.00.

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.