Ingredion Incorporated (NYSE:INGR) Shares Sold by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC reduced its stake in Ingredion Incorporated (NYSE:INGR - Free Report) by 22.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,310 shares of the company's stock after selling 15,785 shares during the period. Ingredion makes up approximately 1.8% of Alpine Woods Capital Investors LLC's portfolio, making the stock its 10th biggest position. Alpine Woods Capital Investors LLC owned about 0.08% of Ingredion worth $7,343,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alpine Bank Wealth Management purchased a new stake in Ingredion in the 1st quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in 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 period. Ameriflex Group Inc. purchased a new stake in Ingredion in the 4th quarter valued at about $33,000. EverSource Wealth Advisors LLC grew its position 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 acquiring an additional 79 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new position in Ingredion in the 4th quarter valued at about $55,000. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ingredion

In related 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 transaction of $325,968.00. Following the completion of the sale, the senior vice president owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.30% of the company's stock.

Ingredion Stock Down 0.4%

Shares of Ingredion stock traded down $0.58 on Friday, reaching $135.77. 386,288 shares of the company were exchanged, compared to its average volume of 470,617. Ingredion Incorporated has a 1-year low of $113.94 and a 1-year high of $155.44. The company has a market cap of $8.73 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 1.10 and a beta of 0.72. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.85 and a quick ratio of 1.86. The stock's 50 day moving average price is $137.51 and its 200-day moving average price is $133.83.

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, topping analysts' consensus estimates of $2.44 by $0.53. Ingredion had a return on equity of 19.75% and a net margin of 8.53%. 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 earnings per share. The business's revenue for the quarter was down 3.7% on a year-over-year basis. As a group, equities analysts forecast that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Tuesday, July 1st. Ingredion's dividend payout ratio is presently 33.76%.

Wall Street Analysts Forecast Growth

INGR has been the subject of several research reports. Wall Street Zen raised Ingredion from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 8th. UBS Group lifted their target price on Ingredion from $149.00 to $151.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Oppenheimer dropped their target price on Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $151.40.

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.