3,822 Shares in Ingredion Incorporated (NYSE:INGR) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new stake in Ingredion Incorporated (NYSE:INGR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,822 shares of the company’s stock, valued at approximately $525,000.

A number of other institutional investors and hedge funds also recently modified their holdings of INGR. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Ingredion during the second quarter valued at $26,000. EverSource Wealth Advisors LLC lifted its stake in Ingredion by 102.6% during the first quarter. EverSource Wealth Advisors LLC now owns 233 shares of the company’s stock valued at $27,000 after buying an additional 118 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Ingredion in the second quarter worth about $33,000. Family Firm Inc. purchased a new position in shares of Ingredion in the second quarter worth approximately $36,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Ingredion during the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

INGR has been the topic of several research analyst reports. UBS Group lifted their price objective on shares of Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Barclays lifted their target price on Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. StockNews.com lowered shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. BMO Capital Markets lifted their target price on shares of Ingredion from $128.00 to $147.00 and gave the company a “market perform” rating in a research note on Wednesday, November 6th. Finally, Oppenheimer boosted their price target on shares of Ingredion from $147.00 to $178.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Ingredion currently has an average rating of “Moderate Buy” and a consensus price target of $155.17.

Insider Activity

In other news, SVP Larry Fernandes sold 6,122 shares of Ingredion stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $140.66, for a total value of $861,120.52. Following the transaction, the senior vice president now directly owns 29,034 shares in the company, valued at approximately $4,083,922.44. The trade was a 17.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO James P. Zallie sold 371 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $133.58, for a total value of $49,558.18. Following the sale, the chief executive officer now owns 52,159 shares of the company’s stock, valued at approximately $6,967,399.22. The trade was a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,178 shares of company stock valued at $4,982,857 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

Ingredion Stock Up 1.5 %

Ingredion stock opened at $146.47 on Friday. The company has a current ratio of 2.67, a quick ratio of 1.69 and a debt-to-equity ratio of 0.44. Ingredion Incorporated has a 1-year low of $100.90 and a 1-year high of $155.44. The firm’s fifty day simple moving average is $138.33 and its 200-day simple moving average is $127.50. The company has a market capitalization of $9.54 billion, a P/E ratio of 14.29, a P/E/G ratio of 1.24 and a beta of 0.73.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, November 5th. The company reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.47. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.94 billion. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. The business’s revenue was down 8.0% compared to the same quarter last year. During the same period last year, the company earned $2.33 earnings per share. Sell-side analysts forecast that Ingredion Incorporated will post 10.6 earnings per share for the current fiscal year.

Ingredion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $3.20 dividend on an annualized basis and a yield of 2.18%. This is a boost from Ingredion’s previous quarterly dividend of $0.78. Ingredion’s dividend payout ratio is presently 31.22%.

Ingredion Company Profile

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.