Blue Trust Inc. Acquires 749 Shares of Ingredion Incorporated (NYSE:INGR)

Blue Trust Inc. increased its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 126.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,343 shares of the company’s stock after purchasing an additional 749 shares during the quarter. Blue Trust Inc.’s holdings in Ingredion were worth $185,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of INGR. Janus Henderson Group PLC grew its stake in shares of Ingredion by 154.0% during the 1st quarter. Janus Henderson Group PLC now owns 77,890 shares of the company’s stock worth $9,101,000 after acquiring an additional 47,225 shares in the last quarter. Sei Investments Co. grew its stake in shares of Ingredion by 23.4% during the 1st quarter. Sei Investments Co. now owns 113,876 shares of the company’s stock worth $13,305,000 after acquiring an additional 21,619 shares in the last quarter. BNP Paribas acquired a new stake in shares of Ingredion in the 1st quarter valued at approximately $1,154,000. Empowered Funds LLC acquired a new stake in shares of Ingredion in the 1st quarter valued at approximately $1,812,000. Finally, Point72 DIFC Ltd boosted its holdings in shares of Ingredion by 2,629.3% in the 2nd quarter. Point72 DIFC Ltd now owns 3,821 shares of the company’s stock valued at $438,000 after buying an additional 3,681 shares during the last quarter. 85.27% of the stock is owned by institutional investors.

Insider Transactions at Ingredion

In related news, CEO James P. Zallie sold 371 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $133.58, for a total value of $49,558.18. Following the transaction, the chief executive officer now owns 52,159 shares in the company, valued at approximately $6,967,399.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO James P. Zallie sold 22,550 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $134.14, for a total value of $3,024,857.00. Following the transaction, the chief executive officer now owns 52,530 shares in the company, valued at approximately $7,046,374.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James P. Zallie sold 371 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $133.58, for a total value of $49,558.18. Following the completion of the transaction, the chief executive officer now owns 52,159 shares in the company, valued at $6,967,399.22. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,551 shares of company stock valued at $3,550,084. 1.80% of the stock is currently owned by corporate insiders.

Ingredion Trading Down 0.4 %

Shares of Ingredion stock opened at $135.00 on Friday. Ingredion Incorporated has a 1 year low of $91.60 and a 1 year high of $138.37. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.52 and a quick ratio of 1.51. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 1.22 and a beta of 0.72. The business has a fifty day simple moving average of $134.60 and a two-hundred day simple moving average of $123.44.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, August 6th. The company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.34. Ingredion had a return on equity of 17.18% and a net margin of 8.47%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the firm earned $2.32 earnings per share. The company’s revenue was down 9.2% on a year-over-year basis. Research analysts forecast that Ingredion Incorporated will post 9.95 EPS for the current year.

Ingredion Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.80 per share. The ex-dividend date was Tuesday, October 1st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.37%. This is an increase from Ingredion’s previous quarterly dividend of $0.78. Ingredion’s dividend payout ratio (DPR) is currently 32.06%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Oppenheimer increased their price objective on Ingredion from $138.00 to $147.00 and gave the company an “outperform” rating in a report on Monday, October 21st. StockNews.com downgraded Ingredion from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. BMO Capital Markets raised their price target on Ingredion from $120.00 to $128.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Barclays raised Ingredion from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $122.00 to $145.00 in a report on Friday, August 9th. Finally, UBS Group raised their price target on Ingredion from $141.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 15th. One research 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 an average rating of “Moderate Buy” and an average target price of $138.83.

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.