2,481 Shares in Ingredion Incorporated (NYSE:INGR) Purchased by &Partners

&Partners acquired a new position in shares of Ingredion Incorporated (NYSE:INGR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,481 shares of the company’s stock, valued at approximately $285,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Ingredion by 5.8% in the fourth quarter. Vanguard Group Inc. now owns 7,773,126 shares of the company’s stock valued at $843,617,000 after purchasing an additional 427,496 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Ingredion by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,471,587 shares of the company’s stock valued at $268,243,000 after purchasing an additional 82,599 shares during the period. Equity Investment Corp increased its stake in shares of Ingredion by 2.9% in the first quarter. Equity Investment Corp now owns 952,110 shares of the company’s stock valued at $111,254,000 after purchasing an additional 27,062 shares during the period. Norges Bank acquired a new stake in shares of Ingredion in the fourth quarter valued at approximately $82,272,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Ingredion by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 659,532 shares of the company’s stock valued at $71,579,000 after purchasing an additional 8,159 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Insider Buying and Selling

In related news, CEO James P. Zallie sold 27,500 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $116.36, for a total value of $3,199,900.00. Following the completion of the transaction, the chief executive officer now owns 52,197 shares of the company’s stock, valued at approximately $6,073,642.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Robert A. Ritchie sold 1,195 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $125.00, for a total value of $149,375.00. Following the completion of the transaction, the senior vice president now owns 15,906 shares of the company’s stock, valued at approximately $1,988,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James P. Zallie sold 27,500 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $116.36, for a total transaction of $3,199,900.00. Following the completion of the transaction, the chief executive officer now directly owns 52,197 shares of the company’s stock, valued at approximately $6,073,642.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,695 shares of company stock worth $3,349,275. Corporate insiders own 1.80% of the company’s stock.

Ingredion Trading Up 0.6 %

Ingredion stock opened at $132.82 on Monday. The stock has a market capitalization of $8.72 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 1.16 and a beta of 0.72. Ingredion Incorporated has a 12-month low of $89.54 and a 12-month high of $133.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.44 and a quick ratio of 1.39. The firm has a 50 day simple moving average of $120.60 and a 200-day simple moving average of $117.28.

Ingredion (NYSE:INGR) last issued its earnings results on Tuesday, August 6th. The company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.34. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Ingredion had a net margin of 8.45% and a return on equity of 16.56%. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period last year, the firm posted $2.32 earnings per share. As a group, equities research analysts expect that Ingredion Incorporated will post 9.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on INGR shares. Barclays upgraded shares of Ingredion from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $122.00 to $145.00 in a research note on Friday, August 9th. UBS Group increased their price objective on shares of Ingredion from $141.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 15th. StockNews.com cut shares of Ingredion from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. Oppenheimer increased their price objective on shares of Ingredion from $126.00 to $138.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, BMO Capital Markets increased their price objective on shares of Ingredion from $120.00 to $128.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Ingredion presently has an average rating of “Moderate Buy” and a consensus target price of $137.33.

About Ingredion

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.