SG Americas Securities LLC increased its holdings in Ingredion Incorporated (NYSE:INGR - Free Report) by 775.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,120 shares of the company's stock after buying an additional 7,193 shares during the period. SG Americas Securities LLC's holdings in Ingredion were worth $1,098,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Ingredion by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 7,285,705 shares of the company's stock worth $1,002,222,000 after buying an additional 84,863 shares in the last quarter. Geode Capital Management LLC raised its stake in Ingredion by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,182,434 shares of the company's stock worth $162,703,000 after buying an additional 14,741 shares in the last quarter. Invesco Ltd. raised its stake in Ingredion by 5.7% in the fourth quarter. Invesco Ltd. now owns 870,317 shares of the company's stock worth $119,721,000 after buying an additional 46,819 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Ingredion by 11.9% in the fourth quarter. Allianz Asset Management GmbH now owns 842,763 shares of the company's stock worth $115,930,000 after buying an additional 89,335 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Ingredion by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 753,680 shares of the company's stock worth $103,675,000 after buying an additional 28,306 shares in the last quarter. Institutional investors own 85.27% of the company's stock.
Ingredion Stock Up 0.3%
Shares of INGR stock traded up $0.36 during trading hours on Friday, reaching $137.26. 1,075,754 shares of the company's stock were exchanged, compared to its average volume of 470,364. The stock's 50 day moving average is $135.69 and its 200-day moving average is $134.38. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 1.10 and a beta of 0.73. The company has a current ratio of 2.85, a quick ratio of 1.86 and a debt-to-equity ratio of 0.44. Ingredion Incorporated has a fifty-two week low of $111.54 and a fifty-two week high of $155.44.
Ingredion (NYSE:INGR - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.53. Ingredion had a return on equity of 19.75% and a net margin of 8.53%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the firm earned $2.08 EPS. The firm's revenue was down 3.7% on a year-over-year basis. Analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.
Ingredion Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 1st will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Tuesday, July 1st. Ingredion's payout ratio is 33.76%.
Insider Activity at Ingredion
In related news, SVP Larry Fernandes sold 2,400 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $135.82, for a total value of $325,968.00. Following the transaction, the senior vice president now directly owns 31,996 shares of the company's stock, valued at $4,345,696.72. This represents a 6.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by insiders.
Wall Street Analyst Weigh In
INGR has been the topic of a number of recent analyst 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 set a $155.00 price target on Ingredion in a research report on Tuesday, April 22nd. Finally, Oppenheimer reduced their price target on Ingredion from $167.00 to $155.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $152.20.
Check Out Our Latest Analysis on INGR
Ingredion Company Profile
(
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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