True Wealth Design LLC Sells 102 Shares of Ingredion Incorporated (NYSE:INGR)

True Wealth Design LLC lowered its position in Ingredion Incorporated (NYSE:INGR) by 1.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,245 shares of the company’s stock after selling 102 shares during the period. True Wealth Design LLC’s holdings in Ingredion were worth $895,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in Ingredion by 40.2% in the 4th quarter. Blue Trust Inc. now owns 359 shares of the company’s stock worth $39,000 after buying an additional 103 shares during the period. Pflug Koory LLC boosted its holdings in shares of Ingredion by 0.9% during the 4th quarter. Pflug Koory LLC now owns 12,201 shares of the company’s stock valued at $1,324,000 after purchasing an additional 112 shares during the last quarter. STAR Financial Bank boosted its holdings in shares of Ingredion by 3.8% during the 4th quarter. STAR Financial Bank now owns 3,581 shares of the company’s stock valued at $389,000 after purchasing an additional 132 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Ingredion by 63.9% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 377 shares of the company’s stock valued at $37,000 after purchasing an additional 147 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Ingredion by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 28,966 shares of the company’s stock valued at $2,850,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Insider Activity

In other Ingredion news, SVP Larry Fernandes sold 2,369 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $119.11, for a total value of $282,171.59. Following the completion of the sale, the senior vice president now directly owns 28,848 shares in the company, valued at $3,436,085.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Ingredion news, CEO James P. Zallie sold 27,500 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $116.36, for a total value of $3,199,900.00. Following the completion of the sale, the chief executive officer now directly owns 52,197 shares in the company, valued at $6,073,642.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Larry Fernandes sold 2,369 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $119.11, for a total transaction of $282,171.59. Following the completion of the sale, the senior vice president now owns 28,848 shares of the company’s stock, valued at $3,436,085.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,361 shares of company stock worth $4,515,876. Corporate insiders own 1.80% of the company’s stock.

Ingredion Trading Down 0.3 %

Shares of NYSE:INGR traded down $0.34 during trading on Tuesday, reaching $114.99. 315,708 shares of the company were exchanged, compared to its average volume of 376,138. The firm has a market capitalization of $7.55 billion, a PE ratio of 11.52, a P/E/G ratio of 1.08 and a beta of 0.74. The business’s fifty day simple moving average is $115.62 and its 200-day simple moving average is $112.56. Ingredion Incorporated has a 12-month low of $89.54 and a 12-month high of $122.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.44 and a quick ratio of 1.39.

Ingredion (NYSE:INGR) last issued its earnings results on Wednesday, May 8th. The company reported $2.08 EPS for the quarter, hitting analysts’ consensus estimates of $2.08. Ingredion had a net margin of 8.45% and a return on equity of 16.56%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the company posted $2.80 earnings per share. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. On average, research analysts anticipate that Ingredion Incorporated will post 9.76 EPS for the current year.

Ingredion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Monday, July 1st will be paid a dividend of $0.78 per share. The ex-dividend date is Monday, July 1st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.71%. Ingredion’s dividend payout ratio is presently 31.26%.

Analyst Ratings Changes

Several research firms have commented on INGR. The Goldman Sachs Group raised shares of Ingredion from a “neutral” rating to a “buy” rating and increased their price objective for the company from $122.00 to $135.00 in a report on Thursday, February 15th. Barclays upped their target price on shares of Ingredion from $115.00 to $122.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 6th. BMO Capital Markets upped their target price on shares of Ingredion from $117.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, May 9th. Finally, StockNews.com cut shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 5th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $127.17.

About Ingredion

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.