Ingredion Incorporated (NYSE:INGR) Position Increased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. boosted its stake in shares of Ingredion Incorporated (NYSE:INGR) by 31.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,275 shares of the company’s stock after buying an additional 1,272 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Ingredion were worth $726,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Ingredion during the 2nd quarter valued at $33,000. Prospera Private Wealth LLC acquired a new position in Ingredion in the 3rd quarter valued at approximately $41,000. Versant Capital Management Inc raised its holdings in shares of Ingredion by 431.0% during the fourth quarter. Versant Capital Management Inc now owns 446 shares of the company’s stock worth $61,000 after acquiring an additional 362 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Ingredion during the 2nd quarter worth about $56,000. Finally, Concord Wealth Partners raised its position in Ingredion by 82.6% during the third quarter. Concord Wealth Partners now owns 493 shares of the company’s stock valued at $68,000 after acquiring an additional 223 shares in the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Ingredion Stock Performance

INGR stock opened at $135.16 on Monday. Ingredion Incorporated has a twelve month low of $107.20 and a twelve month high of $155.44. The business’s fifty day moving average is $141.36 and its 200-day moving average is $134.40. The company has a quick ratio of 1.69, a current ratio of 2.67 and a debt-to-equity ratio of 0.44. The company has a market cap of $8.81 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 1.07 and a beta of 0.75.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $3.05 EPS for the quarter, topping the consensus estimate of $2.58 by $0.47. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the business posted $2.33 EPS. The firm’s revenue was down 8.0% compared to the same quarter last year. Equities research analysts forecast that Ingredion Incorporated will post 10.59 EPS for the current year.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Thursday, January 2nd will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, January 2nd. Ingredion’s dividend payout ratio is 31.22%.

Insider Buying and Selling at Ingredion

In related news, SVP Larry Fernandes sold 6,122 shares of Ingredion stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $140.66, for a total transaction of $861,120.52. Following the completion of the transaction, the senior vice president now owns 29,034 shares in the company, valued at approximately $4,083,922.44. This trade represents a 17.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James D. Gray sold 54,869 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $146.76, for a total value of $8,052,574.44. Following the transaction, the chief financial officer now directly owns 12,795 shares in the company, valued at $1,877,794.20. The trade was a 81.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,692 shares of company stock worth $9,634,868. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on INGR shares. Oppenheimer raised their price objective on Ingredion from $147.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Stephens upgraded shares of Ingredion to a “hold” rating in a research note on Monday, December 2nd. Barclays increased their price objective on Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. UBS Group raised their price objective on shares of Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, BMO Capital Markets boosted their target price on shares of Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $155.17.

Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.