SG Americas Securities LLC raised its stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 775.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,120 shares of the company's stock after buying an additional 7,193 shares during the quarter. SG Americas Securities LLC's holdings in Ingredion were worth $1,098,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. acquired a new position in shares of Ingredion in the fourth quarter valued at approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Ingredion by 653.3% during the fourth 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 last quarter. Ameriflex Group Inc. purchased a new position in Ingredion during the fourth quarter worth approximately $33,000. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 purchasing an additional 79 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in shares of Ingredion during the 4th quarter valued at $55,000. Institutional investors and hedge funds own 85.27% of the company's stock.
Ingredion Stock Down 0.4%
Shares of NYSE:INGR traded down $0.62 during midday trading on Thursday, hitting $136.90. 408,479 shares of the company's stock traded hands, compared to its average volume of 475,308. The firm's fifty day moving average price is $135.35 and its two-hundred day moving average price is $134.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.86 and a current ratio of 2.85. Ingredion Incorporated has a twelve month low of $111.54 and a twelve month high of $155.44. The company has a market cap of $8.80 billion, a PE ratio of 14.44, a P/E/G ratio of 1.11 and a beta of 0.73.
Ingredion (NYSE:INGR - Get Free Report) last issued 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 company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the firm posted $2.08 earnings per share. The firm's quarterly revenue was down 3.7% on a year-over-year basis. On average, equities research analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.
Ingredion Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 1st will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.34%. The ex-dividend date is Tuesday, July 1st. Ingredion's dividend payout ratio (DPR) is 33.76%.
Insiders Place Their Bets
In other Ingredion news, SVP Larry Fernandes sold 2,400 shares of the firm'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 now owns 31,996 shares in the company, valued at $4,345,696.72. This trade represents a 6.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on INGR. Oppenheimer cut their target price on Ingredion from $167.00 to $155.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen upgraded Ingredion from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 8th. Finally, UBS Group set a $155.00 price objective on Ingredion in a report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ingredion presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.20.
Check Out Our Latest Research Report on INGR
Ingredion Profile
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Free Report)
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.
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