Ingredion Incorporated (NYSE:INGR) Shares Acquired by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. boosted its stake in Ingredion Incorporated (NYSE:INGR - Free Report) by 20.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,600 shares of the company's stock after buying an additional 2,100 shares during the period. Hussman Strategic Advisors Inc.'s holdings in Ingredion were worth $1,704,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Alpine Bank Wealth Management bought a new stake in Ingredion in the 1st quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position 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 during the period. Ameriflex Group Inc. bought a new stake in Ingredion in the 4th quarter worth approximately $33,000. Migdal Insurance & Financial Holdings Ltd. grew its position in Ingredion by 40.2% in the 1st 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, 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 worth $44,000 after purchasing an additional 79 shares during the period. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Larry Fernandes sold 2,400 shares of Ingredion stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $135.82, for a total value of $325,968.00. Following the sale, the senior vice president owned 31,996 shares in the company, valued at $4,345,696.72. This trade represents a 6.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on INGR. Wall Street Zen raised shares of Ingredion from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 8th. UBS Group boosted their price objective on shares of Ingredion from $149.00 to $151.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Finally, Oppenheimer lowered their target price on shares of Ingredion from $167.00 to $155.00 and set an "outperform" rating on the stock in a research note 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $151.40.

Ingredion Trading Down 1.0%

INGR stock traded down $1.38 during mid-day trading on Friday, reaching $133.16. The company had a trading volume of 487,146 shares, compared to its average volume of 475,344. 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 company has a market capitalization of $8.56 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 1.06 and a beta of 0.72. The firm has a 50 day moving average of $137.35 and a 200 day moving average of $133.68. Ingredion Incorporated has a 12 month low of $117.49 and a 12 month high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $2.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.53. Ingredion had a net margin of 8.53% and a return on equity of 19.75%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the firm earned $2.08 earnings per share. The company's quarterly revenue was down 3.7% on a year-over-year basis. On average, equities analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 1st will be issued a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $3.20 dividend on an annualized basis and a yield of 2.40%. Ingredion's payout ratio is 33.76%.

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.