Measured Wealth Private Client Group LLC Raises Stock Holdings in Ingredion Incorporated (NYSE:INGR)

Measured Wealth Private Client Group LLC lifted its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 48.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,075 shares of the company’s stock after acquiring an additional 1,663 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Ingredion were worth $698,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. State Street Corp grew its stake in shares of Ingredion by 0.8% in the 3rd quarter. State Street Corp now owns 2,436,601 shares of the company’s stock valued at $334,862,000 after purchasing an additional 19,560 shares during the last quarter. Pacer Advisors Inc. grew its position in Ingredion by 16.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,890,488 shares of the company’s stock valued at $260,056,000 after buying an additional 268,389 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Ingredion by 2.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,539,179 shares of the company’s stock valued at $211,529,000 after buying an additional 36,421 shares during the period. Geode Capital Management LLC raised its position in Ingredion by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,167,693 shares of the company’s stock worth $160,516,000 after buying an additional 19,064 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Ingredion by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 725,374 shares of the company’s stock worth $99,683,000 after acquiring an additional 10,812 shares during the period. 85.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO James D. Gray sold 54,869 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $146.76, for a total value of $8,052,574.44. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $861,120.52. Following the sale, the senior vice president now directly owns 29,034 shares in the company, valued at approximately $4,083,922.44. The trade was a 17.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,992 shares of company stock worth $8,913,841 over the last ninety days. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. StockNews.com cut shares of Ingredion from a “strong-buy” rating to a “buy” rating in a report on Thursday. UBS Group increased their target price on Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Oppenheimer decreased their price target on Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a research note on Wednesday. Stephens dropped their price objective on Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, BMO Capital Markets reduced their target price on Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a report on Wednesday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.33.

Ingredion Stock Performance

NYSE INGR opened at $127.34 on Friday. The business has a 50 day moving average price of $138.40 and a 200 day moving average price of $136.03. The company has a market capitalization of $8.30 billion, a P/E ratio of 12.42, a PEG ratio of 1.11 and a beta of 0.74. Ingredion Incorporated has a 1-year low of $107.77 and a 1-year high of $155.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.67 and a quick ratio of 1.69.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.09. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the business posted $1.65 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Sell-side analysts expect that Ingredion Incorporated will post 10.59 EPS for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Thursday, January 2nd were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Thursday, January 2nd. Ingredion’s dividend payout ratio (DPR) is presently 32.96%.

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.