Measured Wealth Private Client Group LLC Invests $469,000 in Ingredion Incorporated (NYSE:INGR)

Measured Wealth Private Client Group LLC purchased a new position in Ingredion Incorporated (NYSE:INGR) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,412 shares of the company’s stock, valued at approximately $469,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in Ingredion by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,685,339 shares of the company’s stock valued at $308,009,000 after acquiring an additional 125,543 shares in the last quarter. Pacer Advisors Inc. lifted its position in Ingredion by 92.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,764,012 shares of the company’s stock valued at $202,332,000 after acquiring an additional 846,967 shares in the last quarter. Cooke & Bieler LP lifted its position in Ingredion by 2.7% in the 2nd quarter. Cooke & Bieler LP now owns 1,018,002 shares of the company’s stock valued at $116,765,000 after acquiring an additional 27,087 shares in the last quarter. Equity Investment Corp lifted its position in Ingredion by 2.8% in the 2nd quarter. Equity Investment Corp now owns 978,636 shares of the company’s stock valued at $112,250,000 after acquiring an additional 26,526 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Ingredion by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 759,588 shares of the company’s stock valued at $87,125,000 after acquiring an additional 17,062 shares in the last quarter. 85.27% of the stock is owned by institutional investors.

Insider Transactions at Ingredion

In other Ingredion news, CEO James P. Zallie sold 22,550 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $134.14, for a total value of $3,024,857.00. Following the completion of the sale, the chief executive officer now owns 52,530 shares in the company, valued at approximately $7,046,374.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Ingredion news, CEO James P. Zallie sold 1,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $134.02, for a total value of $134,020.00. Following the completion of the sale, the chief executive officer now owns 52,530 shares in the company, valued at approximately $7,040,070.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James P. Zallie sold 22,550 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $134.14, for a total transaction of $3,024,857.00. Following the transaction, the chief executive officer now directly owns 52,530 shares of the company’s stock, valued at $7,046,374.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,356 shares of company stock worth $3,400,709 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BMO Capital Markets upped their price objective on Ingredion from $120.00 to $128.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. UBS Group boosted their target price on shares of Ingredion from $141.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Oppenheimer boosted their target price on shares of Ingredion from $138.00 to $147.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. StockNews.com lowered shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. Finally, Barclays upgraded shares of Ingredion from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $122.00 to $145.00 in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ingredion presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.83.

Ingredion Trading Down 0.3 %

NYSE:INGR opened at $133.30 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.52 and a quick ratio of 1.51. The firm has a market capitalization of $8.75 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 1.22 and a beta of 0.72. Ingredion Incorporated has a one year low of $91.60 and a one year high of $138.37. The business has a fifty day moving average price of $134.70 and a 200-day moving average price of $123.91.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.53 by $0.34. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.98 billion. Ingredion had a return on equity of 17.18% and a net margin of 8.47%. Ingredion’s revenue was down 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.32 EPS. Sell-side analysts forecast that Ingredion Incorporated will post 9.95 EPS for the current year.

Ingredion Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.40%. This is a positive change from Ingredion’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Tuesday, October 1st. Ingredion’s dividend payout ratio is 32.06%.

About Ingredion

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.