Ingredion (NYSE:INGR) Given “Neutral” Rating at UBS Group

Ingredion (NYSE:INGR)‘s stock had its “neutral” rating reiterated by stock analysts at UBS Group in a note issued to investors on Monday, MarketBeat reports. They presently have a $145.00 price target on the stock. UBS Group’s target price indicates a potential upside of 15.29% from the stock’s current price.

INGR has been the subject of several other research reports. StockNews.com lowered shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Oppenheimer cut their price target on Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Stephens decreased their price objective on shares of 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, BMO Capital Markets lowered their target price on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $152.60.

Ingredion Price Performance

INGR traded down $5.13 on Monday, reaching $125.77. 48,025 shares of the company’s stock were exchanged, compared to its average volume of 451,782. The stock has a market cap of $8.07 billion, a PE ratio of 12.87, a P/E/G ratio of 1.03 and a beta of 0.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. Ingredion has a twelve month low of $109.51 and a twelve month high of $155.44. The stock’s fifty day moving average price is $131.47 and its 200-day moving average price is $136.47.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.54 by $0.09. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.65 EPS. Sell-side analysts expect that Ingredion will post 11.14 EPS for the current year.

Insider Transactions at Ingredion

In other news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction on 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 transaction, the chief executive officer now directly owns 34,127 shares of the company’s stock, valued at $4,295,906.76. The trade was a 24.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of INGR. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Ingredion by 1.8% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 4,162 shares of the company’s stock worth $572,000 after buying an additional 74 shares during the period. EverSource Wealth Advisors LLC raised its stake in Ingredion by 32.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock valued at $44,000 after acquiring an additional 79 shares during the last quarter. Mindset Wealth Management LLC lifted its position in Ingredion by 2.1% during the 4th quarter. Mindset Wealth Management LLC now owns 3,914 shares of the company’s stock worth $538,000 after acquiring an additional 82 shares during the period. Waverly Advisors LLC grew its stake in shares of Ingredion by 3.8% in the 4th quarter. Waverly Advisors LLC now owns 2,303 shares of the company’s stock valued at $317,000 after purchasing an additional 84 shares during the last quarter. Finally, Transcend Capital Advisors LLC increased its holdings in shares of Ingredion by 2.1% in the fourth quarter. Transcend Capital Advisors LLC now owns 4,318 shares of the company’s stock valued at $594,000 after purchasing an additional 90 shares during the period. 85.27% of the stock is owned by hedge funds and other institutional investors.

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.