Stifel Financial Corp Sells 8,040 Shares of Ingredion Incorporated (NYSE:INGR)

Stifel Financial Corp lessened its stake in shares of Ingredion Incorporated (NYSE:INGR) by 26.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 22,341 shares of the company’s stock after selling 8,040 shares during the period. Stifel Financial Corp’s holdings in Ingredion were worth $3,070,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of INGR. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Ingredion during the 2nd quarter valued at approximately $33,000. Family Firm Inc. purchased a new position in Ingredion during the second quarter valued at $36,000. International Assets Investment Management LLC bought a new stake in Ingredion in the 2nd quarter valued at $36,000. Prospera Private Wealth LLC bought a new position in shares of Ingredion during the 3rd quarter valued at about $41,000. Finally, Abich Financial Wealth Management LLC bought a new position in shares of Ingredion during the 2nd quarter valued at about $56,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on INGR. Barclays raised their price target on Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. UBS Group boosted their price target on shares of Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Stephens upgraded shares of Ingredion to a “hold” rating in a research report on Monday, December 2nd. BMO Capital Markets boosted their target price on shares of Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Finally, Oppenheimer increased their price target on shares of Ingredion from $147.00 to $178.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $155.17.

Ingredion Trading Down 0.6 %

Shares of INGR opened at $142.16 on Wednesday. The company has a market cap of $9.26 billion, a P/E ratio of 13.88, a P/E/G ratio of 1.24 and a beta of 0.74. Ingredion Incorporated has a twelve month low of $105.78 and a twelve month high of $155.44. The company’s fifty day simple moving average is $141.76 and its 200-day simple moving average is $130.80. The company has a current ratio of 2.67, a quick ratio of 1.69 and a debt-to-equity ratio of 0.44.

Ingredion (NYSE:INGR) last issued its earnings results on Tuesday, November 5th. The company reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.47. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company posted $2.33 earnings per share. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, analysts expect that Ingredion Incorporated will post 10.59 EPS for the current year.

Ingredion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.80 per share. The ex-dividend date is Thursday, January 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.25%. Ingredion’s dividend payout ratio is presently 31.22%.

Insider Activity at Ingredion

In other news, SVP Larry Fernandes sold 4,700 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $153.41, for a total value of $721,027.00. Following the sale, the senior vice president now directly owns 29,034 shares in the company, valued at approximately $4,454,105.94. This trade represents a 13.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James P. Zallie sold 371 shares of the business’s stock in a transaction that occurred on 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 owns 52,159 shares of the company’s stock, valued at approximately $6,967,399.22. This trade represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,198 shares of company stock valued at $9,702,461 over the last ninety days. 1.80% of the stock is owned by company insiders.

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.