Barclays PLC Purchases 49,574 Shares of Ingredion Incorporated (NYSE:INGR)

Barclays PLC lifted its stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 104.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,865 shares of the company's stock after purchasing an additional 49,574 shares during the period. Barclays PLC owned approximately 0.15% of Ingredion worth $13,323,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of INGR. BOK Financial Private Wealth Inc. purchased a new stake in shares of Ingredion in the 4th quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Ingredion in the fourth quarter valued at $27,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Ingredion by 653.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company's stock worth $31,000 after buying an additional 196 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Ingredion by 32.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock valued at $44,000 after buying an additional 79 shares in the last quarter. Finally, Crews Bank & Trust acquired a new position in Ingredion during the fourth quarter valued at $48,000. 85.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ingredion

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total value of $1,361,392.20. Following the completion of the transaction, the chief executive officer now owns 34,127 shares in the company, valued at approximately $4,295,906.76. The trade was a 24.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. UBS Group set a $155.00 target price on Ingredion in a research note on Tuesday. StockNews.com lowered shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. Stephens reduced their price target on Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. BMO Capital Markets cut their price objective on Ingredion from $147.00 to $133.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Finally, Oppenheimer dropped their price target on shares of Ingredion from $167.00 to $155.00 and set an "outperform" rating on the stock in a research report on Tuesday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Ingredion currently has a consensus rating of "Moderate Buy" and an average price target of $152.20.

Ingredion Stock Performance

INGR traded up $0.11 during trading on Friday, reaching $130.17. 47,047 shares of the company's stock were exchanged, compared to its average volume of 591,413. Ingredion Incorporated has a fifty-two week low of $111.54 and a fifty-two week high of $155.44. The company has a market capitalization of $8.37 billion, a P/E ratio of 13.41, a PEG ratio of 1.03 and a beta of 0.72. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average price of $130.70 and a 200 day moving average price of $135.63.

Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.09. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the business posted $1.65 earnings per share. The company's quarterly revenue was down 6.3% compared to the same quarter last year. As a group, analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.20 annualized dividend and a dividend yield of 2.46%. Ingredion's dividend payout ratio is presently 32.96%.

Ingredion 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.