Ensign Peak Advisors Inc Purchases 3,786 Shares of Ingredion Incorporated (NYSE:INGR)

Ensign Peak Advisors Inc boosted its holdings in Ingredion Incorporated (NYSE:INGR - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103,349 shares of the company's stock after acquiring an additional 3,786 shares during the quarter. Ensign Peak Advisors Inc owned 0.16% of Ingredion worth $14,217,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Ethic Inc. lifted its position in Ingredion by 32.7% in the 4th quarter. Ethic Inc. now owns 15,101 shares of the company's stock valued at $2,077,000 after acquiring an additional 3,720 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Ingredion by 127.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 14,794 shares of the company's stock worth $2,035,000 after buying an additional 8,280 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Ingredion by 2.0% during the 4th quarter. Deutsche Bank AG now owns 26,575 shares of the company's stock worth $3,656,000 after buying an additional 509 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Ingredion by 10.9% during the 4th quarter. Cetera Investment Advisers now owns 11,895 shares of the company's stock worth $1,636,000 after buying an additional 1,171 shares in the last quarter. Finally, Centiva Capital LP bought a new position in shares of Ingredion during the 4th quarter worth approximately $384,000. Institutional investors own 85.27% of the company's stock.

Ingredion Stock Performance

Shares of NYSE:INGR traded up $2.02 during mid-day trading on Friday, reaching $140.91. The company had a trading volume of 481,389 shares, compared to its average volume of 469,632. 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 firm has a market cap of $9.06 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.03 and a beta of 0.73. The company's 50-day moving average price is $132.21 and its 200-day moving average price is $135.71. Ingredion Incorporated has a one year low of $111.54 and a one year high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $2.97 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.53. The company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. Ingredion's revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.08 EPS. As a group, equities research analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current fiscal 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 issued 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 yield of 2.27%. Ingredion's payout ratio is 33.76%.

Insider Buying and Selling at Ingredion

In other Ingredion news, SVP Larry Fernandes sold 2,400 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were 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 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 SEC, which is available through this link. Also, CEO James P. Zallie sold 10,815 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were 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 directly owns 34,127 shares in the company, valued at $4,295,906.76. The trade was a 24.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 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 company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Stephens dropped their target price on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. BMO Capital Markets dropped their target price on shares of Ingredion from $147.00 to $133.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Oppenheimer dropped their target price on shares of Ingredion from $167.00 to $155.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. UBS Group set a $155.00 target price on shares of Ingredion in a research report on Tuesday, April 22nd. 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Ingredion currently has an average rating of "Moderate Buy" and an average price target of $152.20.

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.