Bank of New Hampshire Has $1.74 Million Stock Holdings in Ingredion Incorporated (NYSE:INGR)

Bank of New Hampshire decreased its position in shares of Ingredion Incorporated (NYSE:INGR) by 0.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,066 shares of the company’s stock after selling 121 shares during the quarter. Bank of New Hampshire’s holdings in Ingredion were worth $1,744,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vontobel Holding Ltd. acquired a new position in shares of Ingredion in the 3rd quarter valued at $453,000. IFP Advisors Inc lifted its stake in shares of Ingredion by 33.7% in the 3rd quarter. IFP Advisors Inc now owns 484 shares of the company’s stock valued at $48,000 after purchasing an additional 122 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of Ingredion by 7.1% in the 3rd quarter. DAVENPORT & Co LLC now owns 85,614 shares of the company’s stock valued at $8,424,000 after purchasing an additional 5,676 shares during the period. Washington Trust Advisors Inc. lifted its stake in shares of Ingredion by 224.1% in the 3rd quarter. Washington Trust Advisors Inc. now owns 3,789 shares of the company’s stock valued at $373,000 after purchasing an additional 2,620 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Ingredion by 9.0% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,986 shares of the company’s stock valued at $392,000 after purchasing an additional 328 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Insider Transactions at Ingredion

In other Ingredion news, CEO James P. Zallie sold 54,581 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $117.24, for a total value of $6,399,076.44. Following the completion of the transaction, the chief executive officer now owns 99,246 shares of the company’s stock, valued at approximately $11,635,601.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Ingredion news, CEO James P. Zallie sold 54,581 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $117.24, for a total value of $6,399,076.44. Following the completion of the transaction, the chief executive officer now owns 99,246 shares of the company’s stock, valued at approximately $11,635,601.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Davida Marie Gable sold 1,968 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $117.38, for a total value of $231,003.84. Following the completion of the transaction, the vice president now directly owns 1,723 shares of the company’s stock, valued at approximately $202,245.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,921 shares of company stock valued at $6,903,045. Corporate insiders own 1.80% of the company’s stock.

Ingredion Stock Performance

INGR stock traded down $0.50 during mid-day trading on Friday, hitting $113.98. 71,697 shares of the company were exchanged, compared to its average volume of 387,230. The business has a 50 day simple moving average of $115.24 and a 200-day simple moving average of $107.84. The company has a current ratio of 1.92, a quick ratio of 1.10 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $7.48 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 1.09 and a beta of 0.81. Ingredion Incorporated has a 1-year low of $89.54 and a 1-year high of $118.83.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.10. Ingredion had a net margin of 7.88% and a return on equity of 18.57%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the business posted $1.65 earnings per share. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, equities analysts forecast that Ingredion Incorporated will post 9.62 earnings per share for the current year.

Ingredion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Monday, April 1st were given a dividend of $0.78 per share. The ex-dividend date was Thursday, March 28th. This represents a $3.12 annualized dividend and a yield of 2.74%. Ingredion’s dividend payout ratio is currently 32.50%.

Wall Street Analysts Forecast Growth

INGR has been the topic of a number of analyst reports. Barclays increased their price target on Ingredion from $115.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 6th. Stephens reiterated an “overweight” rating and set a $130.00 target price on shares of Ingredion in a report on Wednesday, February 7th. The Goldman Sachs Group upgraded Ingredion from a “neutral” rating to a “buy” rating and increased their target price for the stock from $122.00 to $135.00 in a report on Thursday, February 15th. Finally, StockNews.com upgraded Ingredion from a “buy” rating to a “strong-buy” rating in a report on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.67.

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.