Ingredion Incorporated (NYSE:INGR) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC decreased its position in Ingredion Incorporated (NYSE:INGR) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,935 shares of the company’s stock after selling 212 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Ingredion were worth $1,091,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. grew its position in shares of Ingredion by 92.4% during the second quarter. Pacer Advisors Inc. now owns 1,764,012 shares of the company’s stock worth $202,332,000 after buying an additional 846,967 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Ingredion by 177.8% during the second quarter. Acadian Asset Management LLC now owns 396,743 shares of the company’s stock worth $45,491,000 after buying an additional 253,949 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Ingredion by 55,219.9% during the third quarter. International Assets Investment Management LLC now owns 174,811 shares of the company’s stock worth $240,240,000 after buying an additional 174,495 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Ingredion by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,685,339 shares of the company’s stock worth $308,009,000 after buying an additional 125,543 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Ingredion by 43.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 405,465 shares of the company’s stock worth $47,303,000 after buying an additional 123,406 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. Oppenheimer raised their price objective on Ingredion from $138.00 to $147.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. BMO Capital Markets lifted their price objective on shares of Ingredion from $120.00 to $128.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. UBS Group lifted their price objective on shares of Ingredion from $141.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Finally, Barclays raised shares of Ingredion from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $122.00 to $145.00 in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ingredion has an average rating of “Moderate Buy” and a consensus price target of $138.83.

Insider Activity

In other news, CEO James P. Zallie sold 1,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $134.02, for a total transaction of $134,020.00. Following the completion of the transaction, the chief executive officer now owns 52,530 shares of the company’s stock, valued at approximately $7,040,070.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO James P. Zallie sold 1,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $134.02, for a total value of $134,020.00. Following the completion of the sale, the chief executive officer now owns 52,530 shares of the company’s stock, valued at $7,040,070.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James P. Zallie sold 22,550 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was 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 $7,046,374.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,356 shares of company stock valued at $3,400,709. 1.80% of the stock is currently owned by company insiders.

Ingredion Stock Performance

Shares of INGR opened at $154.78 on Wednesday. Ingredion Incorporated has a 1 year low of $95.07 and a 1 year high of $154.87. The company has a market cap of $10.07 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 1.21 and a beta of 0.73. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.52. The firm has a fifty day moving average of $135.21 and a 200-day moving average of $124.75.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.34. Ingredion had a net margin of 8.47% and a return on equity of 17.18%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company posted $2.32 earnings per share. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. As a group, equities analysts anticipate that Ingredion Incorporated will post 10.05 earnings per share for the current year.

Ingredion Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.80 per share. This is an increase from Ingredion’s previous quarterly dividend of $0.78. The ex-dividend date was Tuesday, October 1st. This represents a $3.20 annualized dividend and a dividend yield of 2.07%. Ingredion’s payout ratio is 32.72%.

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.