Tranquilli Financial Advisor LLC Sells 459 Shares of Ingredion Incorporated (NYSE:INGR)

Tranquilli Financial Advisor LLC trimmed its holdings in Ingredion Incorporated (NYSE:INGR) by 24.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,455 shares of the company’s stock after selling 459 shares during the quarter. Tranquilli Financial Advisor LLC’s holdings in Ingredion were worth $200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning increased its stake in shares of Ingredion by 3.2% in the second quarter. Creative Planning now owns 10,619 shares of the company’s stock worth $1,218,000 after buying an additional 328 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of Ingredion during the second quarter valued at about $432,000. Sanctuary Advisors LLC purchased a new stake in shares of Ingredion during the second quarter worth about $2,519,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Ingredion in the second quarter worth about $33,000. Finally, SG Americas Securities LLC grew its stake in shares of Ingredion by 222.6% in the third quarter. SG Americas Securities LLC now owns 3,810 shares of the company’s stock worth $524,000 after purchasing an additional 2,629 shares during the last quarter. 85.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

INGR has been the subject of several research analyst reports. Oppenheimer increased their price objective on Ingredion from $147.00 to $178.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. BMO Capital Markets lifted their price target on shares of Ingredion from $128.00 to $147.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. Stephens upgraded shares of Ingredion to a “hold” rating in a report on Monday, December 2nd. Barclays lifted their target price on shares of Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, UBS Group increased their price target on shares of Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $155.17.

Ingredion Stock Performance

INGR stock opened at $127.13 on Tuesday. Ingredion Incorporated has a 12-month low of $107.40 and a 12-month high of $155.44. The stock’s 50 day simple moving average is $139.51 and its 200 day simple moving average is $135.94. 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 capitalization of $8.28 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 1.11 and a beta of 0.74.

Ingredion (NYSE:INGR) last released its quarterly earnings data on Tuesday, February 4th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.09. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. As a group, research analysts forecast that Ingredion Incorporated will post 10.59 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Thursday, January 2nd were issued a $0.80 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.20 dividend on an annualized basis and a yield of 2.52%. Ingredion’s dividend payout ratio is currently 31.22%.

Insider Activity at Ingredion

In related news, SVP Larry Fernandes sold 6,122 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $140.66, for a total transaction of $861,120.52. Following the completion of the transaction, the senior vice president now directly owns 29,034 shares of the company’s stock, valued at approximately $4,083,922.44. This trade represents a 17.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO James D. Gray sold 54,869 shares of the business’s stock in a transaction on 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 completion of the sale, the chief financial officer now owns 12,795 shares in the company, valued at approximately $1,877,794.20. The trade was a 81.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,692 shares of company stock worth $9,634,868. 1.80% of the stock is owned by company insiders.

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.