1 week Ago By ABMN Staff
Foundry Partners LLC grew its position in Ingredion Incorporated ( NYSE:INGR – Free Report ) by 21.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,973 shares of the company’s stock after purchasing an additional 523 shares during the period.
Foundry Partners LLC’s holdings in Ingredion were worth $341,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc.
acquired a new stake in shares of Ingredion in the 2nd quarter valued at $26,000. Jones Financial Companies Lllp acquired a new stake in shares of Ingredion in the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of Ingredion by 102.
6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 233 shares of the company’s stock worth $27,000 after acquiring an additional 118 shares in the last quarter. Family Firm Inc.
acquired a new position in shares of Ingredion during the 2nd quarter valued at about $36,000. Finally, International Assets Investment Management LLC bought a new position in shares of Ingredion in the 2nd quarter valued at approximately $36,000. 85.
27% of the stock is owned by hedge funds and other institutional investors. Insider Buying and Selling at Ingredion In other news, CEO James P. Zallie sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 26th.
The shares were sold at an average price of $134.02, for a total transaction of $134,020.00.
Following the completion of the transaction, the chief executive officer now directly owns 52,530 shares of the company’s stock, valued at approximately $7,040,070.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink .
In other news, CEO James P. Zallie sold 1,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $134.
02, for a total value of $134,020.00. Following the completion of the transaction, the chief executive officer now directly owns 52,530 shares of the company’s stock, valued at approximately $7,040,070.
60. The sale was disclosed in a legal filing with the SEC, which is available at this link . Also, SVP Robert A.
Ritchie sold 1,195 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $125.00, for a total value of $149,375.
00. Following the completion of the sale, the senior vice president now directly owns 15,906 shares in the company, valued at approximately $1,988,250. The disclosure for this sale can be found here .
Insiders have sold 26,045 shares of company stock valued at $3,482,491 in the last 90 days. 1.80% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades Get Our Latest Report on INGR Ingredion Stock Performance NYSE:INGR opened at $135.23 on Friday. The firm’s 50-day moving average is $124.
37 and its 200-day moving average is $118.78. The company has a market cap of $8.
88 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 1.23 and a beta of 0.
72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.
51 and a current ratio of 2.52. Ingredion Incorporated has a 52-week low of $89.
54 and a 52-week high of $136.42. Ingredion ( NYSE:INGR – Get Free Report ) last issued its quarterly earnings results on Tuesday, August 6th.
The company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.
34. Ingredion had a return on equity of 17.18% and a net margin of 8.
47%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.
98 billion. During the same period in the previous year, the company posted $2.32 earnings per share.
The company’s quarterly revenue was down 9.2% compared to the same quarter last year. Equities research analysts anticipate that Ingredion Incorporated will post 9.
95 earnings per share for the current year. Ingredion Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.
80 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $3.
20 dividend on an annualized basis and a yield of 2.37%. This is an increase from Ingredion’s previous quarterly dividend of $0.
78. Ingredion’s payout ratio is currently 32.06%.
About Ingredion ( 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. See Also Receive News & Ratings for Ingredion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingredion and related companies with MarketBeat.com's FREE daily email newsletter .
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