Insider Selling: Ingredion Inc (INGR) Director Sells 1,775 Shares of Stock

Ingredion Inc (NYSE:INGR) Director Barbara A. Klein sold 1,775 shares of the firm’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $103.46, for a total value of $183,641.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NYSE INGR traded down $2.39 during trading hours on Thursday, hitting $99.83. The company’s stock had a trading volume of 459,114 shares, compared to its average volume of 526,138. Ingredion Inc has a 12 month low of $89.48 and a 12 month high of $146.28. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.36 and a beta of 0.64. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.53 and a current ratio of 2.50.

Ingredion (NYSE:INGR) last released its quarterly earnings data on Thursday, November 1st. The company reported $1.70 EPS for the quarter, hitting the consensus estimate of $1.70. Ingredion had a return on equity of 17.55% and a net margin of 7.40%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company earned $2.21 EPS. Ingredion’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities analysts predict that Ingredion Inc will post 6.92 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 25th. Investors of record on Monday, October 1st were issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 2.50%. This is an increase from Ingredion’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, September 28th. Ingredion’s dividend payout ratio (DPR) is presently 32.47%.

Several equities analysts have recently weighed in on the company. Citigroup upgraded Ingredion from a “sell” rating to a “neutral” rating in a report on Thursday, November 1st. Zacks Investment Research downgraded Ingredion from a “hold” rating to a “sell” rating in a report on Tuesday, October 30th. ValuEngine upgraded Ingredion from a “strong sell” rating to a “sell” rating in a report on Thursday, September 27th. Finally, Credit Suisse Group downgraded Ingredion from an “outperform” rating to a “neutral” rating and set a $130.00 price objective for the company. in a report on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Ingredion has an average rating of “Hold” and a consensus target price of $124.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd bought a new stake in Ingredion in the 2nd quarter worth about $153,000. Legacy Financial Advisors Inc. grew its stake in shares of Ingredion by 382.7% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 1,559 shares of the company’s stock valued at $163,000 after purchasing an additional 1,236 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in shares of Ingredion by 42.2% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 1,685 shares of the company’s stock valued at $187,000 after purchasing an additional 500 shares during the period. People s United Financial Inc. bought a new stake in shares of Ingredion during the 3rd quarter valued at about $202,000. Finally, IFM Investors Pty Ltd bought a new stake in shares of Ingredion during the 2nd quarter valued at about $219,000. Institutional investors own 86.60% of the company’s stock.

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About Ingredion

Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, glucose and syrup solids, as well as food-grade and industrial starches, and biomaterials.

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