Centiva Capital LP Invests $384,000 in Ingredion Incorporated (NYSE:INGR)

Centiva Capital LP bought a new stake in Ingredion Incorporated (NYSE:INGR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,793 shares of the company's stock, valued at approximately $384,000.

Other institutional investors have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. bought a new stake in Ingredion during the fourth quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Ingredion during the 4th quarter worth approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Ingredion by 653.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company's stock valued at $31,000 after buying an additional 196 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Ingredion by 32.4% in 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 worth $48,000. Institutional investors own 85.27% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. BMO Capital Markets decreased 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 report on Wednesday, February 5th. UBS Group set a $155.00 price target on Ingredion in a report on Tuesday, April 22nd. Oppenheimer dropped their price objective on Ingredion from $167.00 to $155.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. StockNews.com downgraded Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, Stephens dropped their price target 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $152.20.

Ingredion Stock Performance

INGR stock traded up $3.50 during mid-day trading on Thursday, hitting $138.75. 421,499 shares of the company were exchanged, compared to its average volume of 468,591. Ingredion Incorporated has a 1-year low of $111.54 and a 1-year high of $155.44. The business has a 50 day simple moving average of $132.01 and a 200-day simple moving average of $135.62. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $8.92 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.03 and a beta of 0.73.

Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.53. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the company posted $2.08 EPS. The firm's quarterly revenue was down 3.7% on a year-over-year basis. On average, equities analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st were given a dividend of $0.80 per share. 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 2.31%. Ingredion's payout ratio is presently 33.76%.

Insiders Place Their Bets

In related news, CEO James P. Zallie sold 10,815 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $4,295,906.76. The trade was a 24.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Larry Fernandes sold 2,400 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $135.82, for a total transaction of $325,968.00. Following the sale, the senior vice president now owns 31,996 shares in the company, valued at $4,345,696.72. The trade was a 6.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,215 shares of company stock worth $1,687,360 in the last quarter. Corporate insiders own 2.30% of the company's stock.

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.