Ingredion Incorporated (NYSE:INGR) VP James P. Zallie sold 27,972 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $125.39, for a total value of $3,507,409.08. Following the completion of the sale, the vice president now owns 29,429 shares of the company’s stock, valued at $3,690,102.31. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

James P. Zallie also recently made the following trade(s):

  • On Friday, September 1st, James P. Zallie sold 3,048 shares of Ingredion stock. The stock was sold at an average price of $125.00, for a total value of $381,000.00.

Shares of Ingredion Incorporated (NYSE:INGR) opened at 122.39 on Wednesday. Ingredion Incorporated has a one year low of $113.07 and a one year high of $137.62. The stock has a market capitalization of $8.78 billion, a PE ratio of 18.41 and a beta of 0.60. The firm has a 50 day moving average price of $123.42 and a 200 day moving average price of $120.33.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.60 per share. This is a positive change from Ingredion’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, September 29th. Ingredion’s dividend payout ratio (DPR) is currently 30.08%.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in INGR. BlackRock Inc. boosted its position in shares of Ingredion by 1,655.4% during the first quarter. BlackRock Inc. now owns 8,284,372 shares of the company’s stock worth $997,686,000 after buying an additional 7,812,440 shares during the period. Victory Capital Management Inc. boosted its position in shares of Ingredion by 6,380.0% during the second quarter. Victory Capital Management Inc. now owns 745,917 shares of the company’s stock worth $88,921,000 after buying an additional 734,406 shares during the period. Schroder Investment Management Group boosted its position in shares of Ingredion by 244.5% during the second quarter. Schroder Investment Management Group now owns 675,062 shares of the company’s stock worth $79,319,000 after buying an additional 479,087 shares during the period. Wellington Management Group LLP boosted its position in shares of Ingredion by 39.7% during the first quarter. Wellington Management Group LLP now owns 1,524,557 shares of the company’s stock worth $183,602,000 after buying an additional 433,572 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Ingredion by 2,022.8% during the second quarter. Janus Henderson Group PLC now owns 299,848 shares of the company’s stock worth $35,744,000 after buying an additional 285,723 shares during the period. Institutional investors and hedge funds own 83.93% of the company’s stock.

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Ingredion from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a report on Thursday, September 14th. BidaskClub upgraded Ingredion from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 16th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $125.00 target price on shares of Ingredion in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target 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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