224 Shares in Ingredion Incorporated (NYSE:INGR) Bought by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Ingredion Incorporated (NYSE:INGR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 224 shares of the company’s stock, valued at approximately $26,000.

Other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in Ingredion in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC raised its stake in shares of Ingredion by 102.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 233 shares of the company’s stock worth $27,000 after buying an additional 118 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Ingredion by 59.8% during the 4th quarter. National Bank of Canada FI now owns 425 shares of the company’s stock worth $47,000 after buying an additional 159 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Ingredion during the 1st quarter worth $65,000. Finally, GAMMA Investing LLC raised its stake in shares of Ingredion by 127.3% during the 2nd quarter. GAMMA Investing LLC now owns 600 shares of the company’s stock worth $69,000 after buying an additional 336 shares during the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Robert A. Ritchie sold 1,195 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $125.00, for a total transaction of $149,375.00. Following the transaction, the senior vice president now directly owns 15,906 shares of the company’s stock, valued at approximately $1,988,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO James P. Zallie sold 27,500 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $116.36, for a total transaction of $3,199,900.00. Following the transaction, the chief executive officer now directly owns 52,197 shares of the company’s stock, valued at approximately $6,073,642.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert A. Ritchie sold 1,195 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $125.00, for a total value of $149,375.00. Following the transaction, the senior vice president now directly owns 15,906 shares in the company, valued at $1,988,250. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,554 shares of company stock valued at $4,665,019. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on INGR shares. Oppenheimer lifted their price target on Ingredion from $126.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday. BMO Capital Markets lifted their price objective on Ingredion from $120.00 to $128.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, StockNews.com cut Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Ingredion currently has an average rating of “Moderate Buy” and a consensus target price of $131.50.

Ingredion Trading Up 1.3 %

INGR traded up $1.70 during midday trading on Wednesday, hitting $129.65. The company’s stock had a trading volume of 58,128 shares, compared to its average volume of 390,042. The company has a current ratio of 2.44, a quick ratio of 1.39 and a debt-to-equity ratio of 0.47. Ingredion Incorporated has a 52-week low of $89.54 and a 52-week high of $130.66. The firm has a market cap of $8.51 billion, a P/E ratio of 12.96, a PEG ratio of 1.16 and a beta of 0.72. The firm has a 50-day moving average price of $116.75 and a two-hundred day moving average price of $115.35.

Ingredion (NYSE:INGR) last issued its earnings results on Tuesday, August 6th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.34. Ingredion had a return on equity of 16.56% and a net margin of 8.45%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business earned $2.32 EPS. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. On average, research analysts anticipate that Ingredion Incorporated will post 9.7 earnings per share for the current year.

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Monday, July 1st were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Monday, July 1st. Ingredion’s payout ratio is currently 31.26%.

Ingredion 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.