Charles Schwab Investment Management Inc. Lowers Position in Ingredion Incorporated (NYSE:INGR)

Charles Schwab Investment Management Inc. cut its position in Ingredion Incorporated (NYSE:INGR - Free Report) by 2.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 663,978 shares of the company's stock after selling 15,049 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.03% of Ingredion worth $89,776,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Alpine Bank Wealth Management acquired a new stake in Ingredion during the 1st quarter valued at approximately $26,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Ingredion in the first quarter valued at approximately $32,000. Ameriflex Group Inc. purchased a new position in shares of Ingredion during the fourth quarter worth approximately $33,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Ingredion by 40.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company's stock worth $38,000 after purchasing an additional 80 shares during the period. Finally, Costello Asset Management INC acquired a new stake in Ingredion in the first quarter valued at $41,000. 85.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Ingredion news, SVP Larry Fernandes sold 850 shares of Ingredion stock in a transaction on Monday, August 4th. The shares were sold at an average price of $128.39, for a total value of $109,131.50. Following the completion of the transaction, the senior vice president owned 31,171 shares of the company's stock, valued at approximately $4,002,044.69. The trade was a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James P. Zallie sold 36,287 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $126.52, for a total transaction of $4,591,031.24. Following the completion of the transaction, the chief executive officer owned 50,129 shares in the company, valued at $6,342,321.08. The trade was a 41.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,137 shares of company stock worth $4,700,163. Corporate insiders own 2.30% of the company's stock.

Ingredion Stock Down 0.4%

INGR traded down $0.55 during midday trading on Friday, reaching $125.84. 370,305 shares of the company were exchanged, compared to its average volume of 459,487. Ingredion Incorporated has a one year low of $120.51 and a one year high of $155.44. The company's fifty day moving average price is $133.75 and its 200 day moving average price is $132.93. The company has a market cap of $8.08 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 1.01 and a beta of 0.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 2.78.

Ingredion (NYSE:INGR - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.09. Ingredion had a return on equity of 19.04% and a net margin of 9.24%. The company had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.89 billion. During the same period last year, the firm earned $2.87 earnings per share. Ingredion's quarterly revenue was down 2.4% on a year-over-year basis. As a group, analysts expect that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 1st were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.5%. Ingredion's dividend payout ratio (DPR) is 31.22%.

Wall Street Analysts Forecast Growth

INGR has been the topic of several research analyst reports. Oppenheimer reduced 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. Wall Street Zen lowered Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, UBS Group increased their target price on Ingredion from $149.00 to $151.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $151.40.

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.