Impact Partnership Wealth LLC Acquires 196 Shares of Ingredion Incorporated (NYSE:INGR)

Impact Partnership Wealth LLC lifted its stake in Ingredion Incorporated (NYSE:INGR) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,689 shares of the company’s stock after purchasing an additional 196 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Ingredion were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Ingredion in the second quarter worth $33,000. Prospera Private Wealth LLC bought a new position in Ingredion in the 3rd quarter worth about $41,000. Versant Capital Management Inc grew its position in Ingredion by 431.0% during the 4th quarter. Versant Capital Management Inc now owns 446 shares of the company’s stock valued at $61,000 after purchasing an additional 362 shares during the last quarter. Concord Wealth Partners raised its holdings in Ingredion by 82.6% in the third quarter. Concord Wealth Partners now owns 493 shares of the company’s stock worth $68,000 after buying an additional 223 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of Ingredion in the third quarter worth approximately $86,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Insider Activity at Ingredion

In other news, SVP Larry Fernandes sold 6,122 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $140.66, for a total value of $861,120.52. Following the transaction, the senior vice president now directly owns 29,034 shares in the company, valued at $4,083,922.44. The trade was 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 company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 12,795 shares of the company’s stock, valued at approximately $1,877,794.20. This trade represents a 81.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,692 shares of company stock worth $9,634,868. 1.80% of the stock is owned by company insiders.

Ingredion Stock Performance

INGR opened at $135.60 on Friday. The company’s 50 day moving average is $140.16 and its 200 day moving average is $134.90. The company has a current ratio of 2.67, a quick ratio of 1.69 and a debt-to-equity ratio of 0.44. The company has a market cap of $8.84 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 1.10 and a beta of 0.75. Ingredion Incorporated has a 12-month low of $107.37 and a 12-month high of $155.44.

Ingredion (NYSE:INGR) last issued its quarterly earnings results 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 analysts’ expectations of $1.94 billion. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. The company’s revenue was down 8.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.33 EPS. On average, equities research analysts predict that Ingredion Incorporated will post 10.59 EPS for the current year.

Ingredion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.36%. Ingredion’s payout ratio is currently 31.22%.

Analyst Upgrades and Downgrades

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

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.