Ingredion Incorporated (NYSE:INGR) SVP Jorgen Kokke sold 20,674 shares of Ingredion stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $133.00, for a total transaction of $2,749,642.00. Following the sale, the senior vice president now directly owns 23,119 shares of the company’s stock, valued at $3,074,827. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Ingredion Incorporated (NYSE:INGR) opened at $133.79 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.41 and a quick ratio of 1.53. The firm has a market cap of $9,614.82, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 1.58 and a beta of 0.68. Ingredion Incorporated has a one year low of $113.07 and a one year high of $134.03.

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

The company 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 annualized dividend and a dividend yield of 1.79%. This is an increase from Ingredion’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, September 29th. Ingredion’s dividend payout ratio is 34.38%.

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A number of research firms have recently issued reports on INGR. Zacks Investment Research downgraded shares of Ingredion from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Stephens raised shares of Ingredion from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, November 15th. BidaskClub raised shares of Ingredion from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Jefferies Group LLC set a $145.00 price target on shares of Ingredion and gave the stock a “buy” rating in a research note on Sunday, October 29th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $145.00 price target (up from $140.00) on shares of Ingredion in a research note on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $140.00.

Several large investors have recently modified their holdings of INGR. National Pension Service raised its stake in shares of Ingredion by 108.9% during the second quarter. National Pension Service now owns 894 shares of the company’s stock valued at $105,000 after acquiring an additional 466 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Ingredion by 10.6% during the second quarter. Toronto Dominion Bank now owns 952 shares of the company’s stock valued at $113,000 after acquiring an additional 91 shares during the last quarter. WFG Advisors LP raised its stake in shares of Ingredion by 0.4% during the second quarter. WFG Advisors LP now owns 1,373 shares of the company’s stock valued at $164,000 after acquiring an additional 6 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of Ingredion by 19.3% during the second quarter. First Mercantile Trust Co. now owns 1,432 shares of the company’s stock valued at $171,000 after acquiring an additional 232 shares during the last quarter. Finally, Penserra Capital Management LLC raised its stake in shares of Ingredion by 17.2% during the second quarter. Penserra Capital Management LLC now owns 1,456 shares of the company’s stock valued at $173,000 after acquiring an additional 214 shares during the last quarter. 83.77% of the stock is owned by hedge funds and other institutional investors.

About Ingredion

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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