Ingredion Incorporated (NYSE:INGR) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Ingredion Incorporated (NYSE:INGR) by 0.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 681,706 shares of the company’s stock after acquiring an additional 819 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Ingredion were worth $93,687,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of INGR. O Shaughnessy Asset Management LLC grew its holdings in shares of Ingredion by 86.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,540 shares of the company’s stock worth $530,000 after acquiring an additional 2,107 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Ingredion by 5.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,461 shares of the company’s stock worth $4,495,000 after purchasing an additional 1,904 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in Ingredion by 28.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 18,051 shares of the company’s stock worth $2,109,000 after buying an additional 4,027 shares during the period. Janus Henderson Group PLC lifted its stake in Ingredion by 154.0% during the first quarter. Janus Henderson Group PLC now owns 77,890 shares of the company’s stock valued at $9,101,000 after buying an additional 47,225 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of Ingredion by 35.2% in the first quarter. Tidal Investments LLC now owns 19,842 shares of the company’s stock worth $2,319,000 after buying an additional 5,168 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Insider Buying and Selling

In other Ingredion news, SVP Larry Fernandes sold 6,122 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $140.66, for a total transaction of $861,120.52. Following the completion of the sale, the senior vice president now owns 29,034 shares of the company’s stock, valued at $4,083,922.44. This represents a 17.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James P. Zallie sold 371 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $133.58, for a total value of $49,558.18. Following the transaction, the chief executive officer now owns 52,159 shares in the company, valued at approximately $6,967,399.22. This trade represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,878 shares of company stock worth $4,674,598. Corporate insiders own 1.80% of the company’s stock.

Ingredion Trading Up 0.3 %

Shares of NYSE INGR opened at $148.78 on Wednesday. The business has a 50 day simple moving average of $138.60 and a 200 day simple moving average of $127.84. Ingredion Incorporated has a 52 week low of $100.90 and a 52 week high of $155.44. The stock has a market cap of $9.69 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 1.26 and a beta of 0.73. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.69 and a current ratio of 2.67.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, November 5th. The company reported $3.05 EPS for the quarter, topping the consensus estimate of $2.58 by $0.47. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.94 billion. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.33 earnings per share. On average, research analysts predict that Ingredion Incorporated will post 10.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays upped their price target on shares of Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. StockNews.com lowered Ingredion from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. UBS Group lifted their price target on Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a report on Friday, November 15th. Oppenheimer boosted their price objective on shares of Ingredion from $147.00 to $178.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, BMO Capital Markets upped their price objective on shares of Ingredion from $128.00 to $147.00 and gave the company a “market perform” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $155.17.

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.