Shares of Ingredion Inc (NYSE:INGR) hit a new 52-week high during trading on Friday . The stock traded as high as $141.44 and last traded at $138.98, with a volume of 632200 shares trading hands. The stock had previously closed at $138.33.

Several analysts recently commented on INGR shares. Zacks Investment Research lowered Ingredion from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub lowered Ingredion from a “hold” rating to a “sell” rating in a research note on Friday, September 22nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $125.00 price target on shares of Ingredion in a research note on Friday, September 29th. Jefferies Group set a $145.00 price target on Ingredion and gave the company a “buy” rating in a research note on Sunday, October 29th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $145.00 price objective (up previously from $140.00) on shares of Ingredion in a research note on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $140.00.

The company has a debt-to-equity ratio of 0.61, a current ratio of 2.41 and a quick ratio of 1.53. The firm has a market capitalization of $9,987.80, a P/E ratio of 18.17, a P/E/G ratio of 1.64 and a beta of 0.72.

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

In other Ingredion news, SVP Jorgen Kokke sold 20,674 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $133.00, for a total value of $2,749,642.00. Following the transaction, the senior vice president now owns 23,119 shares of the company’s stock, valued at $3,074,827. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP James P. Zallie sold 27,972 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $125.39, for a total value of $3,507,409.08. Following the completion of the transaction, the vice president now directly owns 29,429 shares in the company, valued at approximately $3,690,102.31. The disclosure for this sale can be found here. 1.92% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank raised its position in shares of Ingredion by 10.6% during the second quarter. Toronto Dominion Bank now owns 952 shares of the company’s stock worth $113,000 after acquiring an additional 91 shares during the last quarter. WFG Advisors LP raised its position in shares of Ingredion by 0.4% during the second quarter. WFG Advisors LP now owns 1,373 shares of the company’s stock worth $164,000 after acquiring an additional 6 shares during the last quarter. First Mercantile Trust Co. raised its position in shares of Ingredion by 19.3% during the second quarter. First Mercantile Trust Co. now owns 1,432 shares of the company’s stock worth $171,000 after acquiring an additional 232 shares during the last quarter. Penserra Capital Management LLC raised its position in shares of Ingredion by 17.2% during the second quarter. Penserra Capital Management LLC now owns 1,456 shares of the company’s stock worth $173,000 after acquiring an additional 214 shares during the last quarter. Finally, Fieldpoint Private Securities LLC bought a new stake in shares of Ingredion during the third quarter worth $173,000. 83.44% of the stock is currently owned by institutional investors.

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Ingredion Company 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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