Cresset Asset Management LLC Has $14.91 Million Holdings in Ingredion Incorporated (NYSE:INGR)

Cresset Asset Management LLC decreased its holdings in Ingredion Incorporated (NYSE:INGR - Free Report) by 14.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,376 shares of the company's stock after selling 18,182 shares during the quarter. Cresset Asset Management LLC owned approximately 0.17% of Ingredion worth $14,908,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of INGR. Barclays PLC increased its holdings in Ingredion by 31.9% in the 3rd quarter. Barclays PLC now owns 47,291 shares of the company's stock valued at $6,499,000 after purchasing an additional 11,432 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ingredion during the 3rd quarter valued at about $149,000. Franklin Resources Inc. raised its holdings in shares of Ingredion by 75.7% during the 3rd quarter. Franklin Resources Inc. now owns 194,295 shares of the company's stock valued at $26,109,000 after buying an additional 83,708 shares during the period. Principal Financial Group Inc. lifted its position in Ingredion by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 725,374 shares of the company's stock worth $99,683,000 after acquiring an additional 10,812 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Ingredion by 42.2% in the 4th quarter. GAMMA Investing LLC now owns 1,369 shares of the company's stock worth $188,000 after acquiring an additional 406 shares during the period. 85.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ingredion

In other news, SVP Larry Fernandes sold 2,400 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $135.82, for a total value of $325,968.00. Following the transaction, the senior vice president now directly owns 31,996 shares of the company's stock, valued at $4,345,696.72. The trade was a 6.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James P. Zallie sold 10,815 shares of the firm's stock in a transaction on 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,215 shares of company stock valued at $1,687,360. Corporate insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

INGR has been the subject of several recent analyst reports. Stephens lowered their target price on Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. StockNews.com lowered shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. Oppenheimer lowered 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, April 22nd. BMO Capital Markets cut their target price 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, UBS Group set a $155.00 price target on Ingredion in a research note on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Ingredion has an average rating of "Moderate Buy" and a consensus price target of $152.20.

Ingredion Stock Performance

Shares of NYSE:INGR traded down $0.18 during midday trading on Friday, hitting $137.05. The company's stock had a trading volume of 394,931 shares, compared to its average volume of 469,167. Ingredion Incorporated has a fifty-two week low of $111.54 and a fifty-two week high of $155.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.62. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 1.03 and a beta of 0.73. The stock's 50 day simple moving average is $131.72 and its 200 day simple moving average is $135.59.

Ingredion (NYSE:INGR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.97 EPS for the quarter, beating analysts' consensus estimates of $2.44 by $0.53. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the business earned $2.08 earnings per share. The firm's revenue for the quarter was down 3.7% on a year-over-year basis. As a group, 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. Investors of record on Tuesday, April 1st were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Tuesday, April 1st. Ingredion's dividend payout ratio (DPR) is presently 33.76%.

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.