Aspire Private Capital LLC Has $468,000 Stake in Ingredion Incorporated (NYSE:INGR)

Aspire Private Capital LLC cut its stake in Ingredion Incorporated (NYSE:INGR) by 9.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,401 shares of the company’s stock after selling 367 shares during the quarter. Aspire Private Capital LLC’s holdings in Ingredion were worth $468,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hennessy Advisors Inc. purchased a new stake in Ingredion in the 4th quarter valued at $58,642,000. International Assets Investment Management LLC raised its holdings in shares of Ingredion by 55,219.9% in the third quarter. International Assets Investment Management LLC now owns 174,811 shares of the company’s stock valued at $240,240,000 after purchasing an additional 174,495 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Ingredion in the third quarter valued at about $17,094,000. AQR Capital Management LLC lifted its position in shares of Ingredion by 55.7% during the second quarter. AQR Capital Management LLC now owns 321,729 shares of the company’s stock valued at $36,902,000 after purchasing an additional 115,147 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Ingredion by 75.7% during the third quarter. Franklin Resources Inc. now owns 194,295 shares of the company’s stock worth $26,109,000 after purchasing an additional 83,708 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Insider Transactions at Ingredion

In other Ingredion news, CFO James D. Gray sold 54,869 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $146.76, for a total value of $8,052,574.44. Following the sale, the chief financial officer now owns 12,795 shares of the company’s stock, valued at $1,877,794.20. This trade represents a 81.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Larry Fernandes sold 6,122 shares of Ingredion stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $140.66, for a total value of $861,120.52. Following the sale, the senior vice president now owns 29,034 shares of the company’s stock, valued at approximately $4,083,922.44. This trade represents a 17.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,692 shares of company stock valued at $9,634,868 over the last three months. Company insiders own 1.80% of the company’s stock.

Ingredion Stock Up 1.0 %

INGR stock opened at $136.49 on Wednesday. The stock has a fifty day moving average of $141.07 and a 200-day moving average of $134.56. Ingredion Incorporated has a fifty-two week low of $107.20 and a fifty-two week high of $155.44. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 1.10 and a beta of 0.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.69 and a current ratio of 2.67.

Ingredion (NYSE:INGR) last issued its earnings results 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. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business earned $2.33 earnings per share. The company’s quarterly revenue was down 8.0% on a year-over-year basis. As a group, equities research analysts predict that Ingredion Incorporated will post 10.59 earnings per share for the current year.

Ingredion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Thursday, January 2nd were given a dividend of $0.80 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.20 annualized dividend and a dividend yield of 2.34%. Ingredion’s dividend payout ratio is currently 31.22%.

Wall Street Analysts Forecast Growth

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

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.