Ingredion Inc (NYSE:INGR) VP Christine M. Castellano sold 13,261 shares of the business’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $105.19, for a total transaction of $1,394,924.59. Following the completion of the sale, the vice president now owns 30,130 shares in the company, valued at approximately $3,169,374.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of INGR traded down $2.59 during mid-day trading on Thursday, hitting $99.42. The company’s stock had a trading volume of 877,981 shares, compared to its average volume of 527,093. Ingredion Inc has a 52-week low of $89.48 and a 52-week high of $146.28. The stock has a market capitalization of $7.21 billion, a PE ratio of 12.91, a PEG ratio of 1.34 and a beta of 0.63. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.53 and a current ratio of 2.50.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Thursday, November 1st. The company reported $1.70 earnings per share for the quarter, hitting the consensus estimate of $1.70. Ingredion had a net margin of 7.40% and a return on equity of 17.55%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the company earned $2.21 EPS. The company’s revenue was down 1.8% compared to the same quarter last year. Equities research analysts forecast that Ingredion Inc will post 6.92 EPS for the current year.

Large investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd purchased a new stake in Ingredion during the second quarter valued at approximately $153,000. Legacy Financial Advisors Inc. lifted its position in Ingredion by 382.7% during the third quarter. Legacy Financial Advisors Inc. now owns 1,559 shares of the company’s stock valued at $163,000 after acquiring an additional 1,236 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Ingredion by 42.2% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,685 shares of the company’s stock valued at $187,000 after acquiring an additional 500 shares during the last quarter. People s United Financial Inc. purchased a new stake in Ingredion during the third quarter valued at approximately $202,000. Finally, Lido Advisors LLC purchased a new stake in Ingredion during the third quarter valued at approximately $248,000. 85.28% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on INGR shares. Citigroup reduced their target price on shares of Ingredion from $95.00 to $89.00 and set a “sell” rating on the stock in a report on Wednesday, October 24th. Zacks Investment Research upgraded shares of Ingredion from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Jefferies Financial Group upped their target price on shares of Ingredion to $145.00 and gave the stock a “buy” rating in a research note on Monday, November 19th. Finally, ValuEngine raised shares of Ingredion from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $124.50.

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About Ingredion

Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, glucose and syrup solids, as well as food-grade and industrial starches, and biomaterials.

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