B. Riley Wealth Advisors Inc. Has $504,000 Stake in Ingredion Incorporated (NYSE:INGR)

B. Riley Wealth Advisors Inc. reduced its holdings in Ingredion Incorporated (NYSE:INGR) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,680 shares of the company’s stock after selling 89 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Ingredion were worth $504,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of INGR. Signaturefd LLC increased its position in Ingredion by 5.7% in the 3rd quarter. Signaturefd LLC now owns 1,570 shares of the company’s stock valued at $216,000 after acquiring an additional 85 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Ingredion by 0.5% during the third quarter. Tidal Investments LLC now owns 19,905 shares of the company’s stock valued at $2,720,000 after purchasing an additional 94 shares during the last quarter. Seelaus Asset Management LLC increased its holdings in shares of Ingredion by 3.3% in the third quarter. Seelaus Asset Management LLC now owns 3,285 shares of the company’s stock valued at $451,000 after purchasing an additional 105 shares in the last quarter. Conscious Wealth Investments LLC increased its holdings in shares of Ingredion by 0.4% in the second quarter. Conscious Wealth Investments LLC now owns 25,165 shares of the company’s stock valued at $2,967,000 after purchasing an additional 106 shares in the last quarter. Finally, Delphi Management Inc. MA raised its position in Ingredion by 0.8% in the 2nd quarter. Delphi Management Inc. MA now owns 15,631 shares of the company’s stock worth $1,793,000 after purchasing an additional 123 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors.

Insider Activity at Ingredion

In other news, SVP Larry Fernandes sold 6,122 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $140.66, for a total transaction of $861,120.52. Following the completion of the sale, the senior vice president now owns 29,034 shares of the company’s stock, valued at $4,083,922.44. This represents a 17.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James D. Gray sold 54,869 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $146.76, for a total transaction of $8,052,574.44. Following the completion of the sale, the chief financial officer now directly owns 12,795 shares in the company, valued at $1,877,794.20. This represents a 81.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,198 shares of company stock worth $9,702,461 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on INGR. Barclays increased 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. UBS Group raised their price target on Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a report on Friday, November 15th. BMO Capital Markets boosted 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. Oppenheimer upped their target price on shares of Ingredion from $147.00 to $178.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Stephens upgraded shares of Ingredion to a “hold” rating in a research report on Monday, December 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.17.

Ingredion Trading Down 2.2 %

NYSE:INGR opened at $138.78 on Friday. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 1.24 and a beta of 0.74. Ingredion Incorporated has a 1-year low of $106.03 and a 1-year high of $155.44. The business’s 50-day moving average price is $142.19 and its two-hundred day moving average price is $131.11. 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 released its quarterly earnings data on Tuesday, November 5th. The company reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.47. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.94 billion. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. Ingredion’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.33 EPS. On average, equities analysts expect that Ingredion Incorporated will post 10.59 earnings per share for the current year.

Ingredion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Thursday, January 2nd will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Thursday, January 2nd. Ingredion’s dividend payout ratio (DPR) is 31.22%.

Ingredion Company 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.