Ingredion Incorporated (NYSE:INGR) VP James P. Zallie sold 3,048 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $125.00, for a total value of $381,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ingredion Incorporated (NYSE:INGR) opened at 124.23 on Friday. Ingredion Incorporated has a 52 week low of $113.07 and a 52 week high of $137.62. The company has a market capitalization of $8.91 billion, a PE ratio of 18.68 and a beta of 0.60. The stock has a 50 day moving average price of $123.05 and a 200-day moving average price of $120.21.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, August 1st. The company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.03. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.50 billion. Ingredion had a net margin of 8.35% and a return on equity of 20.84%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the business earned $1.53 EPS. On average, equities analysts predict that Ingredion Incorporated will post $7.61 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in INGR. National Pension Service grew its position in Ingredion by 108.9% in the second quarter. National Pension Service now owns 894 shares of the company’s stock worth $105,000 after acquiring an additional 466 shares in the last quarter. Toronto Dominion Bank grew its position in Ingredion by 10.6% in the second quarter. Toronto Dominion Bank now owns 952 shares of the company’s stock worth $113,000 after acquiring an additional 91 shares in the last quarter. Assetmark Inc. grew its position in Ingredion by 105.3% in the first quarter. Assetmark Inc. now owns 975 shares of the company’s stock worth $118,000 after acquiring an additional 500 shares in the last quarter. Penserra Capital Management LLC grew its position in Ingredion by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,242 shares of the company’s stock worth $149,000 after acquiring an additional 108 shares in the last quarter. Finally, Global X Management Co. LLC grew its position in Ingredion by 30.0% in the first quarter. Global X Management Co. LLC now owns 1,325 shares of the company’s stock worth $160,000 after acquiring an additional 306 shares in the last quarter. Institutional investors own 84.31% of the company’s stock.

Several equities research analysts have weighed in on INGR shares. BidaskClub cut Ingredion from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research cut Ingredion from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BMO Capital Markets restated a “hold” rating and set a $125.00 target price on shares of Ingredion in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC restated a “buy” rating and set a $145.00 target price on shares of Ingredion in a research note on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $141.00.

Ingredion Company Profile

Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.

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