Cwm LLC Has $288,000 Position in Ingredion Incorporated (NYSE:INGR)

Cwm LLC lowered its stake in shares of Ingredion Incorporated (NYSE:INGR) by 46.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,098 shares of the company’s stock after selling 1,825 shares during the period. Cwm LLC’s holdings in Ingredion were worth $288,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in INGR. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Ingredion during the 2nd quarter valued at $26,000. EverSource Wealth Advisors LLC grew its position in shares of Ingredion by 102.6% in the first quarter. EverSource Wealth Advisors LLC now owns 233 shares of the company’s stock valued at $27,000 after purchasing an additional 118 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Ingredion in the second quarter valued at approximately $33,000. Family Firm Inc. bought a new position in shares of Ingredion during the second quarter worth approximately $36,000. Finally, International Assets Investment Management LLC acquired a new stake in Ingredion during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

INGR has been the subject of several recent research reports. UBS Group boosted their price target on Ingredion from $141.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Barclays upgraded Ingredion from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $122.00 to $145.00 in a research report on Friday, August 9th. Oppenheimer upped their price objective on Ingredion from $138.00 to $147.00 and gave the company an “outperform” rating in a research note on Monday. StockNews.com downgraded Ingredion from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. Finally, BMO Capital Markets lifted their target price on Ingredion from $120.00 to $128.00 and gave the stock a “market perform” rating in a report 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $138.83.

Ingredion Price Performance

Shares of INGR opened at $133.94 on Tuesday. The firm has a market cap of $8.79 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 1.22 and a beta of 0.72. Ingredion Incorporated has a 52-week low of $89.54 and a 52-week high of $138.37. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.52. The business’s 50 day moving average price is $134.23 and its two-hundred day moving average price is $122.90.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.34. Ingredion had a net margin of 8.47% and a return on equity of 17.18%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the business earned $2.32 earnings per share. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. On average, equities analysts anticipate that Ingredion Incorporated will post 9.95 EPS for the current year.

Ingredion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.39%. This is a positive change from Ingredion’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Tuesday, October 1st. Ingredion’s dividend payout ratio (DPR) is 32.06%.

Insider Activity

In other news, CEO James P. Zallie sold 1,000 shares of the firm’s 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 transaction, the chief executive officer now owns 52,530 shares in the company, valued at $7,040,070.60. This trade represents a 0.00 % 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 hyperlink. In related news, SVP Robert A. Ritchie sold 1,195 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $125.00, for a total transaction of $149,375.00. Following the transaction, the senior vice president now directly owns 15,906 shares of the company’s stock, valued at $1,988,250. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James P. Zallie sold 1,000 shares of the firm’s 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 sale, the chief executive officer now directly owns 52,530 shares of the company’s stock, valued at approximately $7,040,070.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,551 shares of company stock worth $3,550,084 over the last three months. 1.80% of the stock is currently owned by insiders.

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.