SeaCrest Wealth Management LLC Takes Position in Ingredion Incorporated (NYSE:INGR)

SeaCrest Wealth Management LLC purchased a new stake in shares of Ingredion Incorporated (NYSE:INGRGet Rating) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 299 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors have also recently made changes to their positions in the company. MCF Advisors LLC purchased a new stake in shares of Ingredion during the first quarter valued at approximately $35,000. LSV Asset Management lifted its position in Ingredion by 1.0% during the first quarter. LSV Asset Management now owns 2,693,332 shares of the company’s stock valued at $234,724,000 after purchasing an additional 25,564 shares during the period. Treasurer of the State of North Carolina lifted its position in Ingredion by 13.4% during the second quarter. Treasurer of the State of North Carolina now owns 28,016 shares of the company’s stock valued at $2,470,000 after purchasing an additional 3,321 shares during the period. Illinois Municipal Retirement Fund lifted its position in Ingredion by 69.3% during the second quarter. Illinois Municipal Retirement Fund now owns 35,356 shares of the company’s stock valued at $3,117,000 after purchasing an additional 14,476 shares during the period. Finally, Verity Asset Management Inc. bought a new position in Ingredion during the first quarter valued at approximately $132,000. Hedge funds and other institutional investors own 88.44% of the company’s stock.

Ingredion Stock Up 0.1 %

INGR opened at $97.99 on Thursday. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.56. Ingredion Incorporated has a 1-year low of $78.81 and a 1-year high of $101.89. The company has a market capitalization of $6.42 billion, a PE ratio of 14.80 and a beta of 0.78. The firm’s 50 day simple moving average is $86.67 and its two-hundred day simple moving average is $88.55.

Ingredion Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 25th. Shareholders of record on Thursday, October 6th were given a $0.71 dividend. The ex-dividend date was Wednesday, October 5th. This is an increase from Ingredion’s previous quarterly dividend of $0.65. This represents a $2.84 annualized dividend and a yield of 2.90%. Ingredion’s dividend payout ratio (DPR) is presently 42.90%.

Wall Street Analyst Weigh In

INGR has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Ingredion from a “hold” rating to a “buy” rating in a research report on Thursday, November 17th. UBS Group initiated coverage on shares of Ingredion in a research report on Friday, September 30th. They set a “neutral” rating and a $89.00 price objective on the stock. Finally, Credit Suisse Group increased their price target on shares of Ingredion from $94.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, November 7th.

Ingredion Profile

(Get Rating)

Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. It operates through four segments: North America; South America; Asia-Pacific; and Europe, Middle East and Africa. The company offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, and glucose syrup solids, as well as food-grade and industrial starches, biomaterials, and nutrition ingredients.

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Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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