Stifel Financial Corp Has $13.40 Million Stake in Ingredion Incorporated (INGR)
Stifel Financial Corp raised its stake in Ingredion Incorporated (NYSE:INGR) by 10.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,107 shares of the company’s stock after purchasing an additional 10,131 shares during the quarter. Stifel Financial Corp owned 0.15% of Ingredion worth $13,403,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of the company. WFG Advisors LP raised its stake in shares of Ingredion by 0.4% in the second quarter. WFG Advisors LP now owns 1,373 shares of the company’s stock worth $164,000 after purchasing an additional 6 shares during the last quarter. HL Financial Services LLC raised its stake in shares of Ingredion by 0.4% in the second quarter. HL Financial Services LLC now owns 2,730 shares of the company’s stock worth $325,000 after purchasing an additional 12 shares during the last quarter. IndexIQ Advisors LLC raised its stake in shares of Ingredion by 1.8% in the second quarter. IndexIQ Advisors LLC now owns 1,655 shares of the company’s stock worth $197,000 after purchasing an additional 29 shares during the last quarter. Linscomb & Williams Inc. increased its position in shares of Ingredion by 1.4% during the second quarter. Linscomb & Williams Inc. now owns 2,209 shares of the company’s stock valued at $263,000 after acquiring an additional 30 shares during the last quarter. Finally, Advisor Partners LLC increased its position in shares of Ingredion by 3.1% during the second quarter. Advisor Partners LLC now owns 1,800 shares of the company’s stock valued at $215,000 after acquiring an additional 54 shares during the last quarter. 83.44% of the stock is owned by hedge funds and other institutional investors.
In other Ingredion news, SVP Jorgen Kokke sold 20,674 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $133.00, for a total transaction of $2,749,642.00. Following the completion of the transaction, the senior vice president now directly owns 23,119 shares of the company’s stock, valued at $3,074,827. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP James P. Zallie sold 27,972 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $125.39, for a total value of $3,507,409.08. Following the transaction, the vice president now directly owns 29,429 shares of the company’s stock, valued at $3,690,102.31. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,508 shares of company stock valued at $8,990,676. 1.92% of the stock is owned by corporate insiders.
A number of analysts recently commented on INGR shares. Jefferies Group set a $145.00 price target on Ingredion and gave the company a “buy” rating in a research report on Sunday, October 29th. Zacks Investment Research raised Ingredion from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research report on Wednesday, September 6th. BidaskClub raised Ingredion from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $125.00 price target on shares of Ingredion in a research report on Friday, September 29th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $140.00.
Shares of Ingredion Incorporated (INGR) traded up $0.64 on Friday, hitting $139.89. The company had a trading volume of 308,545 shares, compared to its average volume of 454,517. The company has a quick ratio of 1.53, a current ratio of 2.41 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $10,007.20, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 1.64 and a beta of 0.72. Ingredion Incorporated has a one year low of $113.07 and a one year high of $140.85.
Ingredion (NYSE:INGR) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $2.21 EPS for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.17. Ingredion had a return on equity of 20.92% and a net margin of 8.73%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the business posted $1.96 earnings per share. Ingredion’s revenue was down .3% on a year-over-year basis. sell-side analysts anticipate that Ingredion Incorporated will post 7.71 EPS for the current year.
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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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