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Focus Partners Wealth Acquires Shares of 3,444 Ingredion Incorporated (NYSE:INGR)

Ingredion logo with Consumer Staples background

Focus Partners Wealth purchased a new position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,444 shares of the company's stock, valued at approximately $474,000.

Several other large investors also recently modified their holdings of the stock. BOK Financial Private Wealth Inc. purchased a new stake in Ingredion during the fourth quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Ingredion during the 4th quarter valued at approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Ingredion by 653.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company's stock valued at $31,000 after buying an additional 196 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Ingredion by 32.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock worth $44,000 after buying an additional 79 shares during the period. Finally, Crews Bank & Trust bought a new position in Ingredion in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 85.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group set a $155.00 price objective on Ingredion in a research note on Tuesday, April 22nd. Oppenheimer decreased their target price on shares of Ingredion from $167.00 to $155.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen raised shares of Ingredion from a "buy" rating to a "strong-buy" rating in a report on Monday, May 19th. BMO Capital Markets reduced their price target on shares of Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Finally, Stephens lowered their price objective on Ingredion from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $152.20.

View Our Latest Report on Ingredion

Insider Transactions at Ingredion

In other news, SVP Larry Fernandes sold 2,400 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $135.82, for a total value of $325,968.00. Following the completion of the sale, the senior vice president now directly owns 31,996 shares in the company, valued at approximately $4,345,696.72. The trade was a 6.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.30% of the company's stock.

Ingredion Price Performance

INGR traded down $0.35 on Monday, reaching $136.89. The company had a trading volume of 362,971 shares, compared to its average volume of 471,490. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.62. Ingredion Incorporated has a 52-week low of $111.54 and a 52-week high of $155.44. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 14.10, a P/E/G ratio of 1.03 and a beta of 0.73. The business has a 50 day simple moving average of $133.03 and a 200 day simple moving average of $135.43.

Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.53. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter last year, the company posted $2.08 EPS. The business's quarterly revenue was down 3.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 1st will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Tuesday, July 1st. Ingredion's payout ratio is currently 33.76%.

Ingredion Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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