Ingredion Inc (NYSE:INGR) had declared a cash dividend of $0.5000 on Sep 21, 2016. The shares will quote ex-dividend on Sep 29, 2016 and the record date has been fixed for Oct 3, 2016. On Sep 21, 2016 share price, the yield comes out to be 1.5488%. The dividend payable date has been fixed on Oct 25, 2016.
In a different note, On Jul 29, 2016, Citigroup said it Maintains its rating on Ingredion Inc. In the research note, the firm Raises the price-target to $140.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 15, 2016, Jefferies said it Maintains its rating on Ingredion Inc. In the research note, the firm Raises the price-target to $136.00 per share. The shares have been rated ‘Buy’ by the firm.
Ingredion Inc (INGR) shares turned negative on Tuesdays trading session with the shares closing down -0.27 points or -0.21% at a volume of 3,63,014. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $130.745. The peak price level was also seen at $130.745 while the days lowest was $129.09. Finally the shares closed at $129.13. The 52-week high of the shares is $140 while the 52-week low is $84.57. According to the latest information available, the market cap of the company is $9,321 M.
Ingredion Inc(INGR) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.46B. Analysts had an estimated revenue of $1.44B. Earnings per share were $1.73. Analysts had estimated an EPS of $1.64.
Several Insider Transactions has been reported to the SEC. On Aug 17, 2016, Ilene S Gordon (Chairman, President and CEO) sold 70,492 shares at $135.64 per share price.Also, On Aug 10, 2016, Robert J. Stefansic (Sr VP, Oper Excel, Sust & CSCO) sold 18,810 shares at $135.97 per share price.On Aug 10, 2016, Jack C Fortnum (Exec. VP and CFO) sold 34,800 shares at $134.73 per share price, according to the Form-4 filing with the securities and exchange commission.
Ingredion Incorporated is a manufacturer and supplier of starch and sweetener ingredients to a range of industries including packaged food beverage brewing industrial pharmaceutical and personal care customers. The Company operates in four business segments: North America South America Asia Pacific and EMEA. North America segment consists of operations in the United States Canada and Mexico and produces a range of both sweeteners and starches. South America segment includes 11 plants that produce regular modified waxy and tapioca starches fructose and maltose syrups and syrup solids dextrins and maltodextrins dextrose specialty starches caramel color sorbitol and vegetable adhesives. Asia Pacific segment manufactures corn-based products in South Korea Australia and China and tapioca-based products in Thailand. EMEA segment includes five plants that produce modified and specialty starches glucose and dextrose in England Germany and Pakistan.