Ingredion Incorporated (NYSE:INGR) Stock Position Raised by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Ingredion Incorporated (NYSE:INGR - Free Report) by 519.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,717 shares of the company's stock after buying an additional 46,726 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned about 0.09% of Ingredion worth $7,664,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Patriot Financial Group Insurance Agency LLC raised its position in shares of Ingredion by 1.8% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 4,162 shares of the company's stock worth $572,000 after buying an additional 74 shares during the period. EverSource Wealth Advisors LLC increased its stake in Ingredion by 32.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock worth $44,000 after acquiring an additional 79 shares during the last quarter. Mindset Wealth Management LLC raised its holdings in shares of Ingredion by 2.1% in the 4th quarter. Mindset Wealth Management LLC now owns 3,914 shares of the company's stock worth $538,000 after purchasing an additional 82 shares during the period. Truist Financial Corp lifted its stake in shares of Ingredion by 1.3% in the 4th quarter. Truist Financial Corp now owns 6,854 shares of the company's stock valued at $943,000 after purchasing an additional 90 shares in the last quarter. Finally, Transcend Capital Advisors LLC grew its holdings in shares of Ingredion by 2.1% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,318 shares of the company's stock worth $594,000 after purchasing an additional 90 shares during the period. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingredion Stock Down 0.1 %

Shares of Ingredion stock traded down $0.10 during trading hours on Friday, hitting $129.96. 78,866 shares of the company's stock traded hands, compared to its average volume of 459,742. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47. Ingredion Incorporated has a twelve month low of $111.54 and a twelve month high of $155.44. The stock has a 50 day simple moving average of $130.70 and a 200-day simple moving average of $135.63. The company has a market cap of $8.36 billion, a PE ratio of 13.40, a PEG ratio of 1.03 and a beta of 0.72.

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

Ingredion Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.46%. Ingredion's dividend payout ratio (DPR) is presently 32.96%.

Analysts Set New Price Targets

INGR has been the topic of several research reports. StockNews.com lowered shares of Ingredion from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Oppenheimer decreased their price target on shares of Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a research report on Tuesday. UBS Group set a $155.00 price target on Ingredion in a report on Tuesday. Stephens reduced their price objective on Ingredion from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Finally, BMO Capital Markets lowered their target price on Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Ingredion presently has an average rating of "Moderate Buy" and an average target price of $152.20.

Insider Transactions at Ingredion

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the sale, the chief executive officer now owns 34,127 shares in the company, valued at $4,295,906.76. This represents a 24.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.80% of the company's stock.

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.