Ingredion Incorporated (NYSE:INGR) Shares Purchased by Coston McIsaac & Partners

Coston McIsaac & Partners increased its position in shares of Ingredion Incorporated (NYSE:INGR) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,960 shares of the company’s stock after acquiring an additional 713 shares during the quarter. Ingredion makes up about 1.9% of Coston McIsaac & Partners’ portfolio, making the stock its 14th biggest holding. Coston McIsaac & Partners’ holdings in Ingredion were worth $5,837,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp purchased a new stake in Ingredion in the 4th quarter valued at about $25,000. Cary Street Partners Investment Advisory LLC raised its holdings in Ingredion by 63.9% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 377 shares of the company’s stock valued at $37,000 after buying an additional 147 shares during the period. Blue Trust Inc. raised its holdings in Ingredion by 40.2% in the 4th quarter. Blue Trust Inc. now owns 359 shares of the company’s stock valued at $39,000 after buying an additional 103 shares during the period. National Bank of Canada FI raised its holdings in Ingredion by 59.8% in the 4th quarter. National Bank of Canada FI now owns 425 shares of the company’s stock valued at $47,000 after buying an additional 159 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in Ingredion by 54.0% in the 4th quarter. Quadrant Capital Group LLC now owns 667 shares of the company’s stock valued at $72,000 after buying an additional 234 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Barclays boosted their price target on shares of Ingredion from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 6th. BMO Capital Markets boosted their price target on shares of Ingredion from $117.00 to $120.00 and gave the stock a “market perform” rating in a research note on Thursday, May 9th. Finally, StockNews.com upgraded shares of Ingredion from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 13th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Ingredion presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.17.

Insider Activity at Ingredion

In related news, SVP Larry Fernandes sold 2,369 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $119.11, for a total value of $282,171.59. Following the completion of the transaction, the senior vice president now directly owns 28,848 shares of the company’s stock, valued at $3,436,085.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO James P. Zallie sold 27,500 shares of the company’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 value 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 $6,073,642.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Larry Fernandes sold 2,369 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $119.11, for a total value of $282,171.59. Following the completion of the transaction, the senior vice president now directly owns 28,848 shares of the company’s stock, valued at $3,436,085.28. The disclosure for this sale can be found here. Insiders sold 38,359 shares of company stock valued at $4,515,644 over the last three months. 1.80% of the stock is owned by corporate insiders.

Ingredion Stock Down 0.1 %

Shares of INGR stock traded down $0.11 during trading hours on Friday, reaching $114.70. 520,390 shares of the stock were exchanged, compared to its average volume of 425,305. The business’s fifty day moving average is $116.22 and its two-hundred day moving average is $113.51. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.44 and a quick ratio of 1.39. Ingredion Incorporated has a 12-month low of $89.54 and a 12-month high of $122.18. The firm has a market capitalization of $7.53 billion, a P/E ratio of 11.49, a P/E/G ratio of 1.07 and a beta of 0.74.

Ingredion (NYSE:INGR) last released its earnings results on Wednesday, May 8th. The company reported $2.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.08. Ingredion had a net margin of 8.45% and a return on equity of 16.56%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the firm earned $2.80 earnings per share. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. As a group, research analysts expect that Ingredion Incorporated will post 9.76 EPS for the current fiscal year.

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Monday, July 1st will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.72%. Ingredion’s payout ratio is 31.26%.

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.