Nations Financial Group Inc. IA ADV Has $2.59 Million Stock Holdings in Ingredion Incorporated (NYSE:INGR)

Nations Financial Group Inc. IA ADV cut its stake in shares of Ingredion Incorporated (NYSE:INGR) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,808 shares of the company’s stock after selling 141 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Ingredion were worth $2,585,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Ingredion during the second quarter valued at approximately $26,000. EverSource Wealth Advisors LLC boosted its position in Ingredion by 102.6% during the first quarter. EverSource Wealth Advisors LLC now owns 233 shares of the company’s stock valued at $27,000 after purchasing an additional 118 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Ingredion during the second quarter valued at approximately $33,000. Family Firm Inc. acquired a new position in Ingredion during the second quarter valued at approximately $36,000. Finally, International Assets Investment Management LLC acquired a new position in Ingredion during the second quarter valued at approximately $36,000. 85.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on INGR. StockNews.com cut Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. Oppenheimer raised their price objective on Ingredion from $147.00 to $178.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. UBS Group raised their price objective on Ingredion from $141.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Barclays raised their price objective on Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, BMO Capital Markets raised their price objective on Ingredion from $128.00 to $147.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $151.00.

Insider Activity at Ingredion

In related news, CEO James P. Zallie sold 22,550 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $134.14, for a total transaction of $3,024,857.00. Following the sale, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Ingredion news, CEO James P. Zallie sold 371 shares of Ingredion stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $133.58, for a total transaction of $49,558.18. Following the transaction, the chief executive officer now directly owns 52,159 shares of the company’s stock, valued at approximately $6,967,399.22. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James P. Zallie sold 22,550 shares of Ingredion stock in a transaction dated 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 transaction, the chief executive officer now directly owns 52,530 shares in the company, valued at $7,046,374.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,056 shares of company stock valued at $4,121,736 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

Ingredion Trading Down 1.2 %

Shares of INGR opened at $149.75 on Tuesday. Ingredion Incorporated has a 52-week low of $100.90 and a 52-week high of $155.44. The business’s fifty day moving average is $136.22 and its 200-day moving average is $125.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.51 and a current ratio of 2.67. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 1.30 and a beta of 0.73.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.05 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the company posted $2.33 EPS. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. Equities analysts anticipate that Ingredion Incorporated will post 10.6 EPS for the current fiscal year.

Ingredion Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were issued a dividend of $0.80 per share. This is an increase from Ingredion’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $3.20 annualized dividend and a dividend yield of 2.14%. Ingredion’s dividend payout ratio (DPR) is 31.22%.

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.