Ingredion Incorporated (NYSE:INGR) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 17.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 406,344 shares of the company's stock after selling 86,044 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.62% of Ingredion worth $55,725,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in INGR. Signaturefd LLC grew its holdings in Ingredion by 5.7% in the third quarter. Signaturefd LLC now owns 1,570 shares of the company's stock valued at $216,000 after purchasing an additional 85 shares during the period. Conscious Wealth Investments LLC grew its stake in Ingredion by 0.4% in the 2nd quarter. Conscious Wealth Investments LLC now owns 25,165 shares of the company's stock valued at $2,967,000 after acquiring an additional 106 shares during the period. EverSource Wealth Advisors LLC raised its position in Ingredion by 102.6% during the first quarter. EverSource Wealth Advisors LLC now owns 233 shares of the company's stock worth $27,000 after acquiring an additional 118 shares during the period. Delphi Management Inc. MA lifted its holdings in Ingredion by 0.8% during the second quarter. Delphi Management Inc. MA now owns 15,631 shares of the company's stock valued at $1,793,000 after purchasing an additional 123 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its holdings in Ingredion by 19.9% during the third quarter. Raleigh Capital Management Inc. now owns 945 shares of the company's stock valued at $130,000 after purchasing an additional 157 shares in the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Ingredion Trading Down 0.1 %

Shares of INGR stock traded down $0.20 on Monday, hitting $134.80. 234,188 shares of the stock traded hands, compared to its average volume of 372,067. Ingredion Incorporated has a twelve month low of $91.60 and a twelve month high of $138.37. The stock has a market capitalization of $8.85 billion, a PE ratio of 13.51, a PEG ratio of 1.22 and a beta of 0.72. The firm's 50-day moving average price is $134.60 and its two-hundred day moving average price is $123.51. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.52.

Ingredion (NYSE:INGR - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.34. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.98 billion. Ingredion had a net margin of 8.47% and a return on equity of 17.18%. Ingredion's revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.32 EPS. As a group, analysts anticipate that Ingredion Incorporated will post 9.95 EPS for the current year.

Ingredion Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were given a $0.80 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $3.20 dividend on an annualized basis and a yield of 2.37%. This is an increase from Ingredion's previous quarterly dividend of $0.78. Ingredion's payout ratio is currently 32.06%.

Insider Activity

In other Ingredion news, SVP Robert A. Ritchie sold 1,195 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $125.00, for a total transaction 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 $1,988,250. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO James P. Zallie sold 1,000 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $134.02, for a total transaction of $134,020.00. Following the completion of the transaction, the chief executive officer now directly owns 52,530 shares in the company, valued at $7,040,070.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Robert A. Ritchie sold 1,195 shares of Ingredion stock in a transaction dated 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 directly owns 15,906 shares of the company's stock, valued at approximately $1,988,250. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,551 shares of company stock valued at $3,550,084 in the last quarter. Insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

INGR has been the subject of several research analyst reports. BMO Capital Markets upped their price target on shares of Ingredion from $120.00 to $128.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 7th. StockNews.com lowered Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, August 7th. Barclays raised Ingredion from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $122.00 to $145.00 in a research note on Friday, August 9th. UBS Group lifted their target price on shares of Ingredion from $141.00 to $148.00 and gave the stock a "buy" rating in a research note on Thursday, August 15th. Finally, Oppenheimer increased their target price on shares of Ingredion from $138.00 to $147.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $138.83.

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.