Fiduciary Family Office LLC Takes $1.09 Million Position in Ingredion Incorporated (NYSE:INGR)

Key Points

• Fiduciary Family Office LLC acquired a new stake in Ingredion Incorporated, purchasing 8,036 shares valued at approximately $1,087,000 during the first quarter.
• Ingredion recently announced a quarterly dividend of $0.80 per share, reflecting an annualized amount of $3.20 and a yield of 2.5%.
• The company beat analysts' expectations with $2.87 earnings per share (EPS) for the last quarter, exceeding the consensus estimate by $0.09.

Fiduciary Family Office LLC purchased a new stake in Ingredion Incorporated (NYSE:INGR - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,036 shares of the company's stock, valued at approximately $1,087,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management purchased a new stake in shares of Ingredion during the first quarter worth approximately $26,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Ingredion in the first quarter valued at $32,000. Ameriflex Group Inc. acquired a new stake in shares of Ingredion during the fourth quarter valued at $33,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake 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 valued at $38,000 after acquiring an additional 80 shares during the last quarter. Finally, Costello Asset Management INC acquired a new stake in shares of Ingredion during the first quarter valued at $41,000. Hedge funds and other institutional investors own 85.27% of the company's stock.

Ingredion Price Performance

Shares of Ingredion stock traded down $0.26 during trading on Monday, hitting $125.98. The stock had a trading volume of 302,017 shares, compared to its average volume of 509,952. Ingredion Incorporated has a fifty-two week low of $120.51 and a fifty-two week high of $155.44. The firm has a market cap of $8.10 billion, a P/E ratio of 12.29, a PEG ratio of 1.01 and a beta of 0.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.78 and a quick ratio of 1.81. The business has a fifty day moving average of $134.62 and a two-hundred day moving average of $133.17.

Ingredion (NYSE:INGR - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.78 by $0.09. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.89 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%. Ingredion's revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.87 earnings per share. On average, sell-side analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 1st were paid 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%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on INGR shares. Wall Street Zen downgraded Ingredion from a "strong-buy" rating to a "buy" rating in a report on Saturday. UBS Group upped their price objective on Ingredion from $149.00 to $151.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Finally, Oppenheimer lowered their price objective on Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Three equities 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, Ingredion currently has a consensus rating of "Moderate Buy" and an average price target of $151.40.

Insider Buying and Selling at Ingredion

In other news, SVP Larry Fernandes sold 850 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $128.39, for a total transaction of $109,131.50. Following the completion of the sale, the senior vice president directly owned 31,171 shares of the company's stock, valued at $4,002,044.69. This trade represents a 2.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is owned by company insiders.

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.