Should Value Investors Buy Ingredion (INGR) Stock?
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Foundations Investment Advisors LLC Invests $274,000 in Ingredion Incorporated (NYSE:INGR)
Foundations Investment Advisors LLC bought a new position in shares of Ingredion Incorporated (NYSE:INGR – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,466 shares of the company’s stock, valued at approximately $274,000. A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Ingredion by 7.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 4,004 shares of the company’s stock worth $394,000 after purchasing an additional 266 shares during the period. Allworth Financial LP raised its holdings in Ingredion by 414.1% in the 3rd quarter. Allworth Financial LP now owns 401 shares of the company’s stock valued at $39,000 after acquiring an additional 323 shares in the last quarter. Lmcg Investments LLC lifted its position in shares of Ingredion by 2.1% during the 3rd quarter. Lmcg Investments LLC now owns 18,857 shares of the company’s stock valued at $1,856,000 after acquiring an additional 384 shares during the period. Aspire Private Capital LLC grew its holdings in shares of Ingredion by 31.7% during the 3rd quarter. Aspire Private Capital LLC now owns 2,193 shares of the company’s stock worth $216,000 after purchasing an additional 528 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in shares of Ingredion in the third quarter worth $227,000. Institutional investors and hedge funds own 85.27% of the company’s stock. Analysts Set New Price Targets Several equities research analysts recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of Ingredion from $117.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, May 9th. StockNews.com upgraded shares of Ingredion from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. The Goldman Sachs Group upgraded shares of Ingredion from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $122.00 to $135.00 in a research report on Thursday, February 15th. Barclays raised their target price on Ingredion from $115.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Finally, Stephens reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Ingredion in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $127.17. Read Our Latest Stock Analysis on INGR Ingredion Stock Performance Shares of INGR stock opened at $119.63 on Monday. The business’s 50-day moving average price is $115.62 and its 200-day moving average price is $110.69. The company has a current ratio of 2.44, a quick ratio of 1.39 and a debt-to-equity ratio of 0.47. Ingredion Incorporated has a 12 month low of $89.54 and a 12 month high of $122.18. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 1.12 and a beta of 0.81. Ingredion (NYSE:INGR – Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $2.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.08. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $2.02 billion. Ingredion had a return on equity of 16.56% and a net margin of 8.45%. Ingredion’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.80 earnings per share. Equities research analysts forecast that Ingredion Incorporated will post 9.67 EPS for the current year. Ingredion Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Monday, July 1st will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Monday, July 1st. Ingredion’s dividend payout ratio is presently 31.26%. Insiders Place Their Bets In related news, CFO James D. Gray sold 8,490 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $121.74, for a total value of $1,033,572.60. Following the transaction, the chief financial officer now owns 42,833 shares in the company, valued at $5,214,489.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Ingredion news, CFO James D. Gray sold 8,490 shares of Ingredion stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $121.74, for a total value of $1,033,572.60. Following the completion of the sale, the chief financial officer now directly owns 42,833 shares in the company, valued at $5,214,489.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Larry Fernandes sold 2,369 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $115.08, for a total transaction of $272,624.52. Following the sale, the senior vice president now directly owns 28,966 shares of the company’s stock, valued at approximately $3,333,407.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,779 shares of company stock worth $8,218,681. 1.80% of the stock is currently owned by insiders. Ingredion Company Profile (Free Report) 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. See Also Five stocks we like better than Ingredion Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness Canada Goose Flies Higher Driven By DTC Growth 3 Tickers Leading a Meme Stock Revival CVS Health Stock Has a Silver Lining Called Value 3 Warren Buffett Stocks to Buy Now Magnificent 7 Still Magnificent as the Halfway Mark Approaches?
National Bank of Canada FI Has $47,000 Stock Holdings in Ingredion Incorporated (NYSE:INGR)
National Bank of Canada FI boosted its stake in Ingredion Incorporated (NYSE:INGR – Free Report) by 59.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 425 shares of the company’s stock after buying an additional 159 shares during the period. National Bank of Canada FI’s holdings in Ingredion were worth $47,000 as of its most recent filing with the SEC. Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its stake 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 purchasing an additional 103 shares in the last quarter. Pflug Koory LLC raised its position in shares of Ingredion by 0.9% in the fourth quarter. Pflug Koory LLC now owns 12,201 shares of the company’s stock valued at $1,324,000 after buying an additional 112 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of Ingredion by 0.9% in the third quarter. D.A. Davidson & CO. now owns 15,322 shares of the company’s stock valued at $1,508,000 after buying an additional 131 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of Ingredion by 63.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 377 shares of the company’s stock valued at $37,000 after buying an additional 147 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of Ingredion by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 28,966 shares of the company’s stock valued at $2,850,000 after buying an additional 150 shares in the last quarter. 85.27% of the stock is owned by institutional investors. Insider Buying and Selling In other Ingredion news, VP Davida Marie Gable sold 1,968 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $117.38, for a total transaction of $231,003.84. Following the sale, the vice president now owns 1,723 shares of the company’s stock, valued at $202,245.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ingredion news, SVP Larry Fernandes sold 2,369 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $115.08, for a total transaction of $272,624.52. Following the sale, the senior vice president now owns 28,966 shares of the company’s stock, valued at $3,333,407.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Davida Marie Gable sold 1,968 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $117.38, for a total transaction of $231,003.84. Following the sale, the vice president now directly owns 1,723 shares in the company, valued at approximately $202,245.74. The disclosure for this sale can be found here. Insiders have sold a total of 69,779 shares of company stock valued at $8,218,681 over the last 90 days. 1.80% of the stock is owned by insiders. Analyst Upgrades and Downgrades A number of equities research analysts have recently weighed in on INGR shares. Barclays lifted their price target 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. The Goldman Sachs Group upgraded shares of Ingredion from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $122.00 to $135.00 in a research report on Thursday, February 15th. Stephens restated an “overweight” rating and set a $130.00 price objective on shares of Ingredion in a research report on Wednesday, February 7th. BMO Capital Markets boosted their price objective 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 upgraded shares of Ingredion from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Ingredion presently has a consensus rating of “Moderate Buy” and an average target price of $127.17. Read Our Latest Research Report on INGR Ingredion Stock Performance NYSE INGR opened at $119.63 on Monday. The firm’s fifty day moving average price is $115.62 and its two-hundred day moving average price is $110.69. The stock has a market cap of $7.85 billion, a PE ratio of 11.99, a PEG ratio of 1.12 and a beta of 0.81. Ingredion Incorporated has a fifty-two week low of $89.54 and a fifty-two week high of $122.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.39 and a current ratio of 2.44. Ingredion (NYSE:INGR – Get Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $2.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.08. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Ingredion had a net margin of 8.45% and a return on equity of 16.56%. The company’s revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.80 earnings per share. On average, equities analysts expect that Ingredion Incorporated will post 9.67 EPS for the current fiscal year. Ingredion Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Monday, July 1st will be paid a $0.78 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $3.12 annualized dividend and a dividend yield of 2.61%. Ingredion’s dividend payout ratio is 31.26%. Ingredion Profile (Free Report) 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. 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