Ingredion Incorporated (NYSE:INGR) SVP Jorgen Kokke sold 20,674 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $133.00, for a total value of $2,749,642.00. Following the sale, the senior vice president now directly owns 23,119 shares in the company, valued at approximately $3,074,827. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Ingredion Incorporated (INGR) traded up $0.83 during midday trading on Friday, reaching $133.79. The company’s stock had a trading volume of 318,081 shares, compared to its average volume of 430,745. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.53 and a current ratio of 2.41. The firm has a market capitalization of $9,540.00, a P/E ratio of 17.08, a PEG ratio of 1.54 and a beta of 0.68. Ingredion Incorporated has a fifty-two week low of $113.07 and a fifty-two week high of $134.03.
Ingredion (NYSE:INGR) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.17. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.52 billion. Ingredion had a return on equity of 20.92% and a net margin of 8.73%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the company earned $1.96 earnings per share. analysts expect that Ingredion Incorporated will post 7.71 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Monday, October 2nd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Friday, September 29th. This is an increase from Ingredion’s previous quarterly dividend of $0.50. Ingredion’s dividend payout ratio (DPR) is currently 34.33%.
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Hedge funds and other institutional investors have recently modified their holdings of the business. National Pension Service boosted its holdings in Ingredion by 108.9% in the second quarter. National Pension Service now owns 894 shares of the company’s stock worth $105,000 after acquiring an additional 466 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Ingredion by 10.6% in the second quarter. Toronto Dominion Bank now owns 952 shares of the company’s stock worth $113,000 after purchasing an additional 91 shares during the last quarter. 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. First Mercantile Trust Co. raised its stake in shares of Ingredion by 19.3% in the second quarter. First Mercantile Trust Co. now owns 1,432 shares of the company’s stock worth $171,000 after purchasing an additional 232 shares during the last quarter. Finally, Fieldpoint Private Securities LLC purchased a new position in shares of Ingredion in the third quarter worth about $173,000. 84.59% of the stock is owned by institutional investors and hedge funds.
INGR has been the topic of a number of recent research reports. BidaskClub downgraded Ingredion from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised Ingredion from a “hold” rating to a “buy” rating and set a $139.00 price objective on the stock in a research report on Thursday, September 14th. BMO Capital Markets reaffirmed a “hold” rating and set a $125.00 price objective on shares of Ingredion in a research report on Friday, September 29th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $145.00 price target (up previously from $140.00) on shares of Ingredion in a report on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $140.00.
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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