Ingredion Incorporated (NYSE:INGR) Shares Bought by Bokf Na

BOKF NA boosted its stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 200.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,572 shares of the company's stock after purchasing an additional 37,718 shares during the period. BOKF NA owned approximately 0.09% of Ingredion worth $7,400,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in INGR. Vanguard Group Inc. boosted its position in Ingredion by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 7,285,705 shares of the company's stock worth $1,002,222,000 after purchasing an additional 84,863 shares in the last quarter. Pacer Advisors Inc. grew its position in Ingredion by 16.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,890,488 shares of the company's stock valued at $260,056,000 after buying an additional 268,389 shares during the period. Geode Capital Management LLC raised its position in shares of Ingredion by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,182,434 shares of the company's stock worth $162,703,000 after acquiring an additional 14,741 shares during the period. Invesco Ltd. grew its holdings in Ingredion by 5.7% in the fourth quarter. Invesco Ltd. now owns 870,317 shares of the company's stock valued at $119,721,000 after purchasing an additional 46,819 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in Ingredion by 11.9% during the fourth quarter. Allianz Asset Management GmbH now owns 842,763 shares of the company's stock valued at $115,930,000 after purchasing an additional 89,335 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on INGR shares. BMO Capital Markets dropped their price objective on shares of Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Oppenheimer lowered their price objective on shares of Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. StockNews.com cut shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. UBS Group set a $155.00 price objective on shares of Ingredion in a research report on Tuesday, April 22nd. Finally, Stephens decreased their target price 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. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $152.20.

Ingredion Price Performance

Shares of NYSE INGR traded down $0.68 during midday trading on Monday, hitting $136.48. The company had a trading volume of 81,439 shares, compared to its average volume of 467,642. The firm has a market capitalization of $8.78 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 1.03 and a beta of 0.73. Ingredion Incorporated has a twelve month low of $111.54 and a twelve month high of $155.44. The business has a 50-day simple moving average of $131.72 and a two-hundred day simple moving average of $135.59. 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 (NYSE:INGR - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $2.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.53. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the company earned $2.08 EPS. Ingredion's revenue was down 3.7% on a year-over-year basis. Equities research analysts anticipate that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.34%. The ex-dividend date was Tuesday, April 1st. Ingredion's dividend payout ratio (DPR) is 33.76%.

Insider Activity

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were 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 directly owns 34,127 shares of the company's stock, valued at $4,295,906.76. This represents a 24.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Larry Fernandes sold 2,400 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $135.82, for a total value of $325,968.00. Following the sale, the senior vice president now owns 31,996 shares of the company's stock, valued at approximately $4,345,696.72. This trade represents a 6.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,215 shares of company stock valued at $1,687,360 in the last 90 days. 2.30% of the stock is currently owned by insiders.

About Ingredion

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.