Today, the Executive Chairman of the Bd of Ingredion (NYSE: INGR), Ilene Gordon, sold shares of INGR for $3.13M.
This is Gordon’s first transaction since reporting a Sell transaction on AJG back in May 2013
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Based on Ingredion’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.47 billion and quarterly net profit of $140 million. In comparison, last year the company earned revenue of $1.45 billion and had a net profit of $124 million. INGR’s market cap is $8.1B and the company has a P/E ratio of 15.51. Currently, Ingredion has an average volume of 860.1K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $133.33, reflecting a -15.2% downside.
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Ingredion, Inc. manufactures and sells sweetener, starches, nutrition ingredients, and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials. Its activities include turning corn, tapioca, potatoes and other vegetables and fruits into value-added ingredients and biomaterials for the food, beverage, paper and corrugating, brewing, and other industries. It operates through the following geographical segments: North America, South America, Asia Pacific, and Europe, the Middle East, and Africa. The company was founded in 1906 and is headquartered in Westchester, IL.
