Ingredion Incorporated (INGR) Position Maintained by Williams Jones & Associates LLC
Williams Jones & Associates LLC held its stake in shares of Ingredion Incorporated (NYSE:INGR) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,550 shares of the company’s stock at the close of the 2nd quarter. Williams Jones & Associates LLC’s holdings in Ingredion were worth $1,377,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in INGR. National Pension Service lifted 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 buying an additional 466 shares during the last quarter. Global X Management Co. LLC boosted its stake in Ingredion by 30.0% during the first quarter. Global X Management Co. LLC now owns 1,325 shares of the company’s stock worth $160,000 after buying an additional 306 shares during the period. WFG Advisors LP boosted its stake in Ingredion by 0.4% during the first quarter. WFG Advisors LP now owns 1,367 shares of the company’s stock worth $165,000 after buying an additional 5 shares during the period. Pacer Advisors Inc. boosted its stake in Ingredion by 3.3% during the first quarter. Pacer Advisors Inc. now owns 1,390 shares of the company’s stock worth $167,000 after buying an additional 44 shares during the period. Finally, First Mercantile Trust Co. boosted its stake in Ingredion by 19.3% during the second quarter. First Mercantile Trust Co. now owns 1,432 shares of the company’s stock worth $171,000 after buying an additional 232 shares during the period. Hedge funds and other institutional investors own 83.93% of the company’s stock.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Ingredion from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub upgraded shares of Ingredion from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. Jefferies Group LLC restated a “buy” rating and issued a $145.00 target price on shares of Ingredion in a report on Wednesday, June 14th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $125.00 price target on shares of Ingredion in a research note on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $140.00.
Shares of Ingredion Incorporated (NYSE:INGR) traded down 0.11% during midday trading on Wednesday, hitting $122.92. The stock had a trading volume of 20,018 shares. Ingredion Incorporated has a 52-week low of $113.07 and a 52-week high of $137.62. The firm has a market cap of $8.82 billion, a price-to-earnings ratio of 18.49 and a beta of 0.59. The firm’s 50 day moving average price is $122.94 and its 200 day moving average price is $120.39.
Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.03. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company posted $1.53 EPS. On average, equities research analysts expect that Ingredion Incorporated will post $7.60 earnings per share for the current 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 represents a $2.40 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, September 29th. This is a positive change from Ingredion’s previous quarterly dividend of $0.50. Ingredion’s payout ratio is presently 36.09%.
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In related news, VP James P. Zallie sold 3,048 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $125.00, for a total value of $381,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James P. Zallie sold 21,862 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $125.04, for a total value of $2,733,624.48. Following the completion of the transaction, the vice president now owns 29,306 shares of the company’s stock, valued at $3,664,422.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,882 shares of company stock worth $6,622,034. Corporate insiders own 1.92% of the company’s stock.
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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