Ingredion Incorporated (NYSE:INGR) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $133.63 and last traded at $130.63, with a volume of 519700 shares changing hands. The stock had previously closed at $129.13.

INGR has been the subject of a number of research reports. BidaskClub upgraded shares of Ingredion from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Ingredion from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a research report on Friday, August 4th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $125.00 price target on shares of Ingredion in a research report on Friday, September 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $140.00.

The company has a quick ratio of 1.53, a current ratio of 2.41 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $9,279.93, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 1.52 and a beta of 0.68.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $2.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.04 by $0.17. Ingredion had a net margin of 8.73% and a return on equity of 20.92%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the company posted $1.96 EPS. The company’s revenue was down .3% on a year-over-year basis. equities analysts anticipate that Ingredion Incorporated will post 7.71 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, October 2nd were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.80%. This is a boost from Ingredion’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, September 29th. Ingredion’s dividend payout ratio (DPR) is 34.38%.

In other Ingredion news, VP James P. Zallie sold 21,862 shares of Ingredion stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $125.04, for a total value of $2,733,624.48. Following the completion of the sale, the vice president now directly owns 29,306 shares of the company’s stock, valued at approximately $3,664,422.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James P. Zallie sold 27,972 shares of Ingredion stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $125.39, for a total transaction of $3,507,409.08. Following the completion of the sale, the vice president now directly owns 29,429 shares of the company’s stock, valued at $3,690,102.31. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,882 shares of company stock valued at $6,622,034. Corporate insiders own 1.92% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. BB&T Corp grew its stake in Ingredion by 9.2% in the 3rd quarter. BB&T Corp now owns 45,396 shares of the company’s stock worth $5,476,000 after acquiring an additional 3,824 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Ingredion by 2.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 211,175 shares of the company’s stock worth $25,174,000 after acquiring an additional 5,707 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in Ingredion by 6.2% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 149,884 shares of the company’s stock worth $17,868,000 after acquiring an additional 8,720 shares during the period. Tobam purchased a new stake in Ingredion in the 2nd quarter worth approximately $938,000. Finally, Schwab Charles Investment Management Inc. grew its stake in Ingredion by 39.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 414,111 shares of the company’s stock worth $49,367,000 after acquiring an additional 117,591 shares during the period. 84.59% of the stock is owned by hedge funds and other institutional investors.

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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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