Captrust Financial Advisors Sells 2,972 Shares of Ingredion Incorporated (NYSE:INGR)

Captrust Financial Advisors lowered its stake in shares of Ingredion Incorporated (NYSE:INGR) by 42.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,090 shares of the company’s stock after selling 2,972 shares during the quarter. Captrust Financial Advisors’ holdings in Ingredion were worth $562,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of INGR. Signaturefd LLC grew its position in Ingredion by 5.7% in the 3rd quarter. Signaturefd LLC now owns 1,570 shares of the company’s stock valued at $216,000 after acquiring an additional 85 shares during the last quarter. Seelaus Asset Management LLC grew its position in Ingredion by 3.3% in the 3rd quarter. Seelaus Asset Management LLC now owns 3,285 shares of the company’s stock valued at $451,000 after acquiring an additional 105 shares during the last quarter. Conscious Wealth Investments LLC grew its position in Ingredion by 0.4% in the 2nd quarter. Conscious Wealth Investments LLC now owns 25,165 shares of the company’s stock valued at $2,967,000 after acquiring an additional 106 shares during the last quarter. Delphi Management Inc. MA grew its position in Ingredion by 0.8% in the 2nd quarter. Delphi Management Inc. MA now owns 15,631 shares of the company’s stock valued at $1,793,000 after acquiring an additional 123 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in Ingredion by 1.1% in the 3rd quarter. QRG Capital Management Inc. now owns 12,571 shares of the company’s stock valued at $1,728,000 after acquiring an additional 133 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Insider Buying and Selling at Ingredion

In related news, SVP Larry Fernandes sold 4,700 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $153.41, for a total transaction of $721,027.00. Following the sale, the senior vice president now owns 29,034 shares in the company, valued at approximately $4,454,105.94. This trade represents a 13.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James D. Gray sold 54,869 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $146.76, for a total transaction of $8,052,574.44. Following the sale, the chief financial officer now owns 12,795 shares in the company, valued at approximately $1,877,794.20. This represents a 81.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,197 shares of company stock worth $9,702,315. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on INGR shares. Barclays upped their price objective on Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Stephens raised Ingredion to a “hold” rating in a research report on Monday, December 2nd. Oppenheimer increased their price target on Ingredion from $147.00 to $178.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. UBS Group increased their price target on Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, BMO Capital Markets increased their price target on Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ingredion presently has an average rating of “Moderate Buy” and an average target price of $155.17.

Ingredion Trading Up 0.4 %

Shares of NYSE INGR opened at $144.43 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.67 and a quick ratio of 1.69. The stock has a market capitalization of $9.41 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 1.25 and a beta of 0.74. Ingredion Incorporated has a 1-year low of $105.74 and a 1-year high of $155.44. The business has a fifty day moving average price of $141.19 and a 200 day moving average price of $130.13.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.47. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.33 EPS. Equities research analysts expect that Ingredion Incorporated will post 10.59 EPS for the current fiscal year.

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.