J. W. Coons Advisors LLC Takes Position in Ingredion Incorporated (NYSE:INGR)

J. W. Coons Advisors LLC acquired a new position in shares of Ingredion Incorporated (NYSE:INGR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,795 shares of the company’s stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of INGR. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Ingredion in the fourth quarter valued at about $27,000. Prospera Private Wealth LLC bought a new position in Ingredion in the third quarter valued at approximately $41,000. Crews Bank & Trust acquired a new position in shares of Ingredion during the 4th quarter worth approximately $48,000. Versant Capital Management Inc raised its stake in shares of Ingredion by 431.0% during the 4th quarter. Versant Capital Management Inc now owns 446 shares of the company’s stock worth $61,000 after purchasing an additional 362 shares in the last quarter. Finally, Concord Wealth Partners boosted its holdings in shares of Ingredion by 82.6% in the 3rd quarter. Concord Wealth Partners now owns 493 shares of the company’s stock valued at $68,000 after buying an additional 223 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Trading Up 1.7 %

Shares of NYSE:INGR opened at $130.30 on Tuesday. Ingredion Incorporated has a 12-month low of $109.51 and a 12-month high of $155.44. The business has a 50 day moving average of $133.61 and a 200-day moving average of $136.59. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47. The stock has a market cap of $8.36 billion, a PE ratio of 13.42, a P/E/G ratio of 1.03 and a beta of 0.74.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.09. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 EPS. As a group, equities research analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Thursday, January 2nd were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, January 2nd. Ingredion’s dividend payout ratio (DPR) is 32.96%.

Analyst Upgrades and Downgrades

INGR has been the topic of several analyst reports. Oppenheimer dropped their price target on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. UBS Group upped their target price on shares of Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a report on Friday, November 15th. StockNews.com cut Ingredion from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Stephens cut their price objective on Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, Barclays boosted their target price on Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Ingredion presently has a consensus rating of “Moderate Buy” and an average target price of $158.20.

Insider Buying and Selling at Ingredion

In other news, CFO James D. Gray sold 54,869 shares of the 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 sale, the chief financial officer now directly owns 12,795 shares of the company’s stock, valued at approximately $1,877,794.20. This represents a 81.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James P. Zallie sold 10,815 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $125.88, for a total value of $1,361,392.20. Following the completion of the transaction, the chief executive officer now directly owns 34,127 shares of the company’s stock, valued at approximately $4,295,906.76. This trade represents a 24.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,685 shares of company stock valued at $9,414,112 in the last quarter. Company insiders own 1.80% of the company’s stock.

Ingredion 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.