Ingredion Inc (NYSE:INGR) has earned a consensus recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $142.00.

INGR has been the subject of several research analyst reports. Zacks Investment Research upgraded Ingredion from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a report on Wednesday, January 10th. Stephens upgraded Ingredion from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 15th. Jefferies Group set a $145.00 price objective on Ingredion and gave the stock a “buy” rating in a report on Sunday, October 29th. Credit Suisse Group reiterated an “outperform” rating and issued a $145.00 price objective (up previously from $140.00) on shares of Ingredion in a report on Thursday, November 2nd. Finally, BidaskClub upgraded Ingredion from a “sell” rating to a “hold” rating in a report on Friday, November 3rd.

Ingredion (NYSE:INGR) traded up $0.41 during midday trading on Wednesday, reaching $127.99. The company’s stock had a trading volume of 441,353 shares, compared to its average volume of 479,973. Ingredion has a 1-year low of $113.42 and a 1-year high of $146.28. The company has a current ratio of 2.52, a quick ratio of 1.66 and a debt-to-equity ratio of 0.60. The stock has a market cap of $9,168.54, a PE ratio of 18.10, a P/E/G ratio of 1.40 and a beta of 0.71.

Ingredion (NYSE:INGR) last released its quarterly earnings data on Thursday, February 1st. The company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.01). Ingredion had a return on equity of 20.42% and a net margin of 8.63%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the business posted $1.67 EPS. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. equities analysts forecast that Ingredion will post 8.3 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Tuesday, January 2nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Friday, December 29th. Ingredion’s payout ratio is presently 33.95%.

In other news, SVP Martin Sonntag sold 16,602 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $135.01, for a total value of $2,241,436.02. Following the completion of the transaction, the senior vice president now owns 9,875 shares in the company, valued at approximately $1,333,223.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jorgen Kokke sold 20,674 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now owns 23,119 shares of the company’s stock, valued at approximately $3,074,827. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,215 shares of company stock valued at $7,007,843. 1.92% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its stake in Ingredion by 10.6% during the second quarter. Toronto Dominion Bank now owns 952 shares of the company’s stock valued at $113,000 after buying an additional 91 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in Ingredion during the fourth quarter valued at $114,000. Meeder Asset Management Inc. raised its stake in Ingredion by 146.4% during the fourth quarter. Meeder Asset Management Inc. now owns 1,109 shares of the company’s stock valued at $155,000 after buying an additional 659 shares during the last quarter. WFG Advisors LP raised its stake in Ingredion by 0.4% during the second quarter. WFG Advisors LP now owns 1,373 shares of the company’s stock valued at $164,000 after buying an additional 6 shares during the last quarter. Finally, Fieldpoint Private Securities LLC purchased a new position in Ingredion during the third quarter valued at $173,000. Institutional investors own 85.99% of the company’s stock.

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Ingredion Company Profile

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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