One Wealth Advisors LLC Purchases 520 Shares of Ingredion Incorporated (NYSE:INGR)

One Wealth Advisors LLC raised its position in shares of Ingredion Incorporated (NYSE:INGR) by 30.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,237 shares of the company’s stock after purchasing an additional 520 shares during the period. One Wealth Advisors LLC’s holdings in Ingredion were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in INGR. Creative Planning boosted its holdings in shares of Ingredion by 3.2% in the second quarter. Creative Planning now owns 10,619 shares of the company’s stock worth $1,218,000 after acquiring an additional 328 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Ingredion in the second quarter worth $432,000. Sanctuary Advisors LLC purchased a new stake in shares of Ingredion in the second quarter worth $2,519,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Ingredion in the second quarter worth $33,000. Finally, SG Americas Securities LLC raised its position in shares of Ingredion by 222.6% in the third quarter. SG Americas Securities LLC now owns 3,810 shares of the company’s stock worth $524,000 after buying an additional 2,629 shares in the last quarter. 85.27% of the stock is owned by institutional investors.

Insider Buying and Selling at Ingredion

In related news, CFO James D. Gray sold 54,869 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $146.76, for a total value of $8,052,574.44. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Larry Fernandes sold 6,122 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $4,083,922.44. The trade was a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,692 shares of company stock valued at $9,634,868. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

INGR has been the topic of a number of recent analyst reports. Stephens upgraded Ingredion to a “hold” rating in a research report on Monday, December 2nd. UBS Group lifted their price objective on Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Barclays lifted their price objective on Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. BMO Capital Markets lifted their price objective on Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Finally, Oppenheimer lifted their price objective on Ingredion from $147.00 to $178.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.17.

Ingredion Stock Down 1.2 %

NYSE INGR opened at $134.79 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.67 and a quick ratio of 1.69. The stock has a market capitalization of $8.78 billion, a PE ratio of 13.15, a PEG ratio of 1.11 and a beta of 0.74. Ingredion Incorporated has a 1 year low of $107.40 and a 1 year high of $155.44. The business’s 50-day moving average is $139.51 and its 200 day moving average is $135.94.

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

Ingredion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Thursday, January 2nd were given a dividend of $0.80 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.20 annualized dividend and a yield of 2.37%. Ingredion’s payout ratio 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.