Ingredion Incorporated (NYSE:INGR) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 26.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,341 shares of the company's stock after selling 8,040 shares during the quarter. Stifel Financial Corp's holdings in Ingredion were worth $3,070,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Ingredion in the second quarter worth approximately $33,000. Prospera Private Wealth LLC bought a new position in shares of Ingredion in the 3rd quarter worth $41,000. Family Firm Inc. purchased a new stake in shares of Ingredion during the 2nd quarter worth $36,000. International Assets Investment Management LLC bought a new stake in Ingredion during the second quarter valued at about $36,000. Finally, Abich Financial Wealth Management LLC purchased a new position in Ingredion in the second quarter valued at about $56,000. Hedge funds and other institutional investors own 85.27% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Stephens upgraded shares of Ingredion to a "hold" rating in a report on Monday, December 2nd. Oppenheimer raised their target price on shares of Ingredion from $147.00 to $178.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Barclays lifted their price target on shares of Ingredion from $145.00 to $168.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. UBS Group increased their price objective on Ingredion from $165.00 to $173.00 and gave the company a "buy" rating in a report on Friday, November 15th. Finally, 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 note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $155.17.

Insider Buying and Selling

In related news, CFO James D. Gray sold 54,869 shares of the firm's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $146.76, for a total transaction of $8,052,574.44. Following the sale, the chief financial officer now directly owns 12,795 shares of the company's stock, valued at $1,877,794.20. This trade represents a 81.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James P. Zallie sold 371 shares of Ingredion stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $133.58, for a total value of $49,558.18. Following the transaction, the chief executive officer now owns 52,159 shares of the company's stock, valued at approximately $6,967,399.22. This represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,198 shares of company stock worth $9,702,461. 1.80% of the stock is owned by company insiders.

Ingredion Trading Down 0.6 %

NYSE INGR opened at $142.16 on Wednesday. Ingredion Incorporated has a 12-month low of $105.78 and a 12-month high of $155.44. The company has a fifty day simple moving average of $141.92 and a two-hundred day simple moving average of $130.98. 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 stock has a market cap of $9.26 billion, a P/E ratio of 13.87, a P/E/G ratio of 1.24 and a beta of 0.74.

Ingredion (NYSE:INGR - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $3.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.58 by $0.47. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.94 billion. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. The firm's quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter last year, the business posted $2.33 EPS. On average, analysts forecast that Ingredion Incorporated will post 10.59 earnings per share for the current year.

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Thursday, January 2nd will be given a $0.80 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $3.20 dividend on an annualized basis and a yield of 2.25%. Ingredion's dividend payout ratio is currently 31.22%.

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.