Dimensional Fund Advisors LP Sells 81,189 Shares of Ingredion Incorporated (NYSE:INGR)

Dimensional Fund Advisors LP cut its stake in Ingredion Incorporated (NYSE:INGR - Free Report) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,578,296 shares of the company's stock after selling 81,189 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.96% of Ingredion worth $354,669,000 as of its most recent SEC filing.

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

Ingredion Price Performance

Shares of Ingredion stock traded up $0.13 during midday trading on Friday, hitting $130.19. 340,437 shares of the company traded hands, compared to its average volume of 461,787. The firm's fifty day moving average price is $130.79 and its 200-day moving average price is $135.61. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 1.03 and a beta of 0.72. Ingredion Incorporated has a 12 month low of $111.54 and a 12 month 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.

Ingredion (NYSE:INGR - Get Free Report) last announced 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 company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the business earned $1.65 earnings per share. The company's revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors 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 annualized dividend and a yield of 2.46%. Ingredion's dividend payout ratio is presently 32.96%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. BMO Capital Markets cut their price target 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. Oppenheimer decreased their price target on Ingredion from $167.00 to $155.00 and set an "outperform" rating on the stock in a research report on Tuesday. Stephens cut their price objective on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. UBS Group set a $155.00 price objective on shares of Ingredion in a research note on Tuesday. Finally, StockNews.com cut shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Ingredion has an average rating of "Moderate Buy" and a consensus target price of $152.20.

Insiders Place Their Bets

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction dated 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 transaction, the chief executive officer now directly owns 34,127 shares of the company's stock, valued at approximately $4,295,906.76. The trade was a 24.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.