SG Americas Securities LLC Sells 2,883 Shares of Ingredion Incorporated (NYSE:INGR)

SG Americas Securities LLC lowered its stake in shares of Ingredion Incorporated (NYSE:INGR) by 75.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 927 shares of the company’s stock after selling 2,883 shares during the quarter. SG Americas Securities LLC’s holdings in Ingredion were worth $128,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Orion Portfolio Solutions LLC lifted its holdings in Ingredion by 195.2% during the third quarter. Orion Portfolio Solutions LLC now owns 11,608 shares of the company’s stock valued at $1,595,000 after purchasing an additional 7,676 shares during the last quarter. State Street Corp lifted its holdings in Ingredion by 0.8% during the third quarter. State Street Corp now owns 2,436,601 shares of the company’s stock valued at $334,862,000 after purchasing an additional 19,560 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Ingredion by 75.7% during the third quarter. Franklin Resources Inc. now owns 194,295 shares of the company’s stock valued at $26,109,000 after purchasing an additional 83,708 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Ingredion by 1.5% during the third quarter. Principal Financial Group Inc. now owns 725,374 shares of the company’s stock valued at $99,683,000 after purchasing an additional 10,812 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Ingredion by 13.2% during the third quarter. JPMorgan Chase & Co. now owns 305,827 shares of the company’s stock valued at $42,030,000 after purchasing an additional 35,657 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Ingredion Trading Up 0.9 %

Shares of INGR opened at $128.68 on Wednesday. The firm’s 50 day simple moving average is $137.21 and its 200 day simple moving average is $136.33. The company has a market capitalization of $8.39 billion, a P/E ratio of 13.25, a P/E/G ratio of 1.04 and a beta of 0.74. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. Ingredion Incorporated has a 1-year low of $107.77 and a 1-year high of $155.44.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.54 by $0.09. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The business’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the firm posted $1.65 earnings per share. Sell-side analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Thursday, January 2nd. Ingredion’s dividend payout ratio (DPR) is presently 32.96%.

Insiders Place Their Bets

In related news, SVP Larry Fernandes sold 6,122 shares of Ingredion stock in a transaction on Friday, November 15th. The shares were sold at an average price of $140.66, for a total value of $861,120.52. Following the transaction, the senior vice president now directly owns 29,034 shares of the company’s stock, valued at $4,083,922.44. The trade was a 17.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO James D. Gray sold 54,869 shares of Ingredion stock in a transaction on Friday, November 29th. The stock was sold at an average price of $146.76, for a total transaction of $8,052,574.44. Following the completion of the transaction, the chief financial officer now directly owns 12,795 shares in the company, valued at approximately $1,877,794.20. The trade was a 81.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,992 shares of company stock valued at $8,913,841. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Oppenheimer lowered their price target on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. UBS Group increased their price target on shares of Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Stephens lowered their price target on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. BMO Capital Markets lowered their price target on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Finally, StockNews.com downgraded shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $154.33.

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.