Ingredion Incorporated (NYSE:INGR) Shares Sold by Martin Capital Partners LLC

Martin Capital Partners LLC lowered its stake in Ingredion Incorporated (NYSE:INGR) by 61.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,799 shares of the company’s stock after selling 2,819 shares during the quarter. Martin Capital Partners LLC’s holdings in Ingredion were worth $247,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in Ingredion by 124.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,214 shares of the company’s stock worth $2,362,000 after buying an additional 9,535 shares during the period. One Wealth Advisors LLC boosted its stake in Ingredion by 30.3% in the 4th quarter. One Wealth Advisors LLC now owns 2,237 shares of the company’s stock worth $308,000 after purchasing an additional 520 shares during the period. River Street Advisors LLC purchased a new position in Ingredion during the 4th quarter worth approximately $924,000. U.S. Capital Wealth Advisors LLC raised its stake in Ingredion by 17.6% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 2,106 shares of the company’s stock valued at $290,000 after purchasing an additional 315 shares during the period. Finally, Precision Wealth Strategies LLC purchased a new stake in shares of Ingredion in the fourth quarter valued at $562,000. Institutional investors and hedge funds own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

INGR has been the subject of a number of research reports. Stephens upgraded Ingredion to a “hold” rating in a research report on Monday, December 2nd. UBS Group boosted their price objective 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. BMO Capital Markets increased their target price on shares of Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Oppenheimer upped their price target on shares of Ingredion from $147.00 to $178.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, Barclays lifted their price objective on Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.17.

Ingredion Stock Down 5.5 %

Ingredion stock opened at $127.36 on Wednesday. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 1.11 and a beta of 0.74. The firm has a fifty day moving average price of $138.82 and a two-hundred day moving average price of $136.10. Ingredion Incorporated has a fifty-two week low of $107.40 and a fifty-two week 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.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.09. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company earned $1.65 earnings per share. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, analysts forecast that Ingredion Incorporated will post 10.59 earnings per share for the current year.

Ingredion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Thursday, January 2nd. Ingredion’s payout ratio is presently 31.22%.

Insider Activity

In other news, CFO James D. Gray sold 54,869 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $146.76, for a total value of $8,052,574.44. Following the sale, the chief financial officer now directly owns 12,795 shares in the company, valued at approximately $1,877,794.20. This represents a 81.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Larry Fernandes sold 6,122 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $140.66, for a total value of $861,120.52. Following the transaction, the senior vice president now owns 29,034 shares of the company’s stock, valued at $4,083,922.44. This trade represents a 17.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,992 shares of company stock worth $8,913,841. Company insiders own 1.80% of the company’s stock.

Ingredion Company 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.