Ingredion Incorporated (NYSE:INGR) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its holdings in Ingredion Incorporated (NYSE:INGR) by 9.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 227,452 shares of the company’s stock after selling 23,511 shares during the period. Ingredion makes up approximately 1.5% of Leeward Investments LLC MA’s investment portfolio, making the stock its 8th largest position. Leeward Investments LLC MA’s holdings in Ingredion were worth $31,259,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Ingredion during the 2nd quarter worth approximately $26,000. EverSource Wealth Advisors LLC increased its holdings in shares of Ingredion by 102.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 233 shares of the company’s stock worth $27,000 after buying an additional 118 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ingredion during the 2nd quarter worth approximately $33,000. Family Firm Inc. acquired a new stake in shares of Ingredion during the 2nd quarter worth approximately $36,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Ingredion during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 85.27% of the company’s stock.

Insider Transactions at Ingredion

In other news, CEO James P. Zallie sold 22,550 shares of Ingredion stock in a transaction on Friday, August 30th. The shares were sold at an average price of $134.14, for a total transaction of $3,024,857.00. Following the completion of the sale, the chief executive officer now directly owns 52,530 shares of the company’s stock, valued at approximately $7,046,374.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO James P. Zallie sold 22,550 shares of Ingredion stock in a transaction on Friday, August 30th. The shares were sold at an average price of $134.14, for a total transaction of $3,024,857.00. Following the completion of the sale, the chief executive officer now directly owns 52,530 shares of the company’s stock, valued at approximately $7,046,374.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James P. Zallie sold 1,300 shares of Ingredion stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $134.03, for a total transaction of $174,239.00. Following the sale, the chief executive officer now owns 52,530 shares in the company, valued at $7,040,595.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,356 shares of company stock valued at $3,400,709. Insiders own 1.80% of the company’s stock.

Ingredion Stock Performance

Shares of INGR stock opened at $150.52 on Thursday. The company has a quick ratio of 1.51, a current ratio of 2.52 and a debt-to-equity ratio of 0.47. Ingredion Incorporated has a 52 week low of $96.20 and a 52 week high of $155.44. The stock has a market capitalization of $9.79 billion, a PE ratio of 15.39, a P/E/G ratio of 1.21 and a beta of 0.73. The firm has a 50 day moving average of $135.54 and a two-hundred day moving average of $124.93.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.05 EPS for the quarter, beating the consensus estimate of $2.58 by $0.47. Ingredion had a net margin of 8.47% and a return on equity of 17.18%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the company posted $2.33 EPS. The firm’s revenue was down 8.0% compared to the same quarter last year. On average, research analysts predict that Ingredion Incorporated will post 10.05 EPS for the current fiscal year.

Ingredion Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were given a dividend of $0.80 per share. This is a boost from Ingredion’s previous quarterly dividend of $0.78. This represents a $3.20 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Tuesday, October 1st. Ingredion’s payout ratio is 32.72%.

Analysts Set New Price Targets

A number of research firms recently weighed in on INGR. BMO Capital Markets increased their price objective on shares of Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a research report on Wednesday. UBS Group increased their price objective on shares of Ingredion from $141.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Oppenheimer increased their price objective on shares of Ingredion from $147.00 to $178.00 and gave the stock an “outperform” rating in a research report on Wednesday. StockNews.com cut shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. Finally, Barclays increased their price objective on shares of Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ingredion currently has a consensus rating of “Moderate Buy” and an average target price of $151.00.

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.