State Board of Administration of Florida Retirement System grew its stake in Ingredion Incorporated (NYSE:INGR) by 2.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,432 shares of the company’s stock after purchasing an additional 2,980 shares during the period. State Board of Administration of Florida Retirement System owned about 0.15% of Ingredion worth $12,961,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. WFG Advisors LP boosted its stake in shares of Ingredion by 0.4% in the 2nd quarter. WFG Advisors LP now owns 1,373 shares of the company’s stock valued at $164,000 after purchasing an additional 6 shares in the last quarter. HL Financial Services LLC boosted its stake in shares of Ingredion by 0.4% in the 2nd quarter. HL Financial Services LLC now owns 2,730 shares of the company’s stock valued at $325,000 after purchasing an additional 12 shares in the last quarter. IndexIQ Advisors LLC boosted its stake in shares of Ingredion by 1.8% in the 2nd quarter. IndexIQ Advisors LLC now owns 1,655 shares of the company’s stock valued at $197,000 after purchasing an additional 29 shares in the last quarter. Linscomb & Williams Inc. boosted its stake in shares of Ingredion by 1.4% in the 2nd quarter. Linscomb & Williams Inc. now owns 2,209 shares of the company’s stock valued at $263,000 after purchasing an additional 30 shares in the last quarter. Finally, Smithfield Trust Co. boosted its stake in shares of Ingredion by 2.1% in the 2nd quarter. Smithfield Trust Co. now owns 1,650 shares of the company’s stock valued at $197,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 84.14% of the company’s stock.

In other Ingredion news, VP James P. Zallie sold 21,862 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $125.04, for a total transaction of $2,733,624.48. Following the completion of the transaction, the vice president now owns 29,306 shares in the company, valued at approximately $3,664,422.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP James P. Zallie sold 27,972 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $125.39, for a total transaction of $3,507,409.08. Following the transaction, the vice president now owns 29,429 shares of the company’s stock, valued at approximately $3,690,102.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,882 shares of company stock valued at $6,622,034. Company insiders own 1.92% of the company’s stock.

A number of research analysts recently issued reports on the stock. BidaskClub lowered shares of Ingredion from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Ingredion from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets reiterated a “hold” rating and issued a $125.00 price objective on shares of Ingredion in a report on Friday, September 29th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $145.00 price objective (up previously from $140.00) on shares of Ingredion in a report on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $140.00.

Ingredion Incorporated (NYSE:INGR) opened at $130.30 on Friday. The stock has a market cap of $9,343.89, a P/E ratio of 17.00, a P/E/G ratio of 1.53 and a beta of 0.68. Ingredion Incorporated has a fifty-two week low of $113.07 and a fifty-two week high of $132.20. The company has a quick ratio of 1.53, a current ratio of 2.41 and a debt-to-equity ratio of 0.61.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.17. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.52 billion. Ingredion had a net margin of 8.73% and a return on equity of 20.92%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the business earned $1.96 EPS. equities analysts expect that Ingredion Incorporated will post 7.71 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Monday, October 2nd were issued a dividend of $0.60 per share. This is a positive change from Ingredion’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, September 29th. This represents a $2.40 annualized dividend and a yield of 1.84%. Ingredion’s dividend payout ratio (DPR) is presently 34.38%.

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Ingredion Profile

Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.

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Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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