Impact Partnership Wealth LLC Sells 2,066 Shares of Ingredion Incorporated (NYSE:INGR)

Impact Partnership Wealth LLC decreased its holdings in Ingredion Incorporated (NYSE:INGR) by 58.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,493 shares of the company’s stock after selling 2,066 shares during the period. Impact Partnership Wealth LLC’s holdings in Ingredion were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of INGR. Wealth Enhancement Advisory Services LLC raised its stake in Ingredion by 4.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,452 shares of the company’s stock worth $1,221,000 after buying an additional 487 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in Ingredion in the first quarter worth approximately $268,000. Coston McIsaac & Partners raised its stake in Ingredion by 1.4% in the first quarter. Coston McIsaac & Partners now owns 49,960 shares of the company’s stock worth $5,837,000 after buying an additional 713 shares in the last quarter. State of Michigan Retirement System raised its stake in Ingredion by 1.9% in the first quarter. State of Michigan Retirement System now owns 15,988 shares of the company’s stock worth $1,868,000 after buying an additional 300 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Ingredion by 21.9% during the first quarter. Commonwealth Equity Services LLC now owns 7,823 shares of the company’s stock worth $914,000 after purchasing an additional 1,403 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Ingredion Price Performance

NYSE INGR opened at $135.52 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.52 and a quick ratio of 1.51. The stock’s fifty day moving average price is $134.52 and its 200 day moving average price is $123.22. Ingredion Incorporated has a 1 year low of $90.72 and a 1 year high of $138.37. The company has a market cap of $8.90 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.22 and a beta of 0.72.

Ingredion (NYSE:INGR) last released its 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 return on equity of 17.18% and a net margin of 8.47%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the firm earned $2.32 EPS. The firm’s revenue was down 9.2% on a year-over-year basis. As a group, equities research analysts forecast that Ingredion Incorporated will post 9.95 earnings per share for the current year.

Ingredion Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.36%. This is a positive change from Ingredion’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Tuesday, October 1st. Ingredion’s dividend payout ratio is presently 32.06%.

Insider Buying and Selling at Ingredion

In other Ingredion news, SVP Robert A. Ritchie sold 1,195 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $125.00, for a total value of $149,375.00. Following the sale, the senior vice president now directly owns 15,906 shares of the company’s stock, valued at approximately $1,988,250. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Ingredion news, SVP Robert A. Ritchie sold 1,195 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $125.00, for a total value of $149,375.00. Following the sale, the senior vice president now directly owns 15,906 shares of the company’s stock, valued at approximately $1,988,250. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James P. Zallie sold 371 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $133.58, for a total transaction of $49,558.18. Following the sale, the chief executive officer now directly owns 52,159 shares in the company, valued at approximately $6,967,399.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,551 shares of company stock valued at $3,550,084. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.