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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