Ingredion Incorporated (NYSE:INGR) Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Ingredion Incorporated by 7.1% during the first quarter, now holding 79,288 shares valued at approximately $10.7 million.
• Wall Street analysts have mixed ratings on Ingredion, with three rating it as a hold, two as a buy, and one as a strong buy, and a consensus target price of $151.40.
• Ingredion recently announced a quarterly dividend of $0.80 per share, representing an annualized dividend of $3.20 and a yield of 2.40%.

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 7.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,288 shares of the company's stock after buying an additional 5,277 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.12% of Ingredion worth $10,721,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. increased 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 worth $38,000 after buying an additional 80 shares during the period. Waverly Advisors LLC increased its stake in shares of Ingredion by 3.8% during the fourth quarter. Waverly Advisors LLC now owns 2,303 shares of the company's stock worth $317,000 after buying an additional 84 shares during the period. Retirement Guys Formula LLC increased its stake in shares of Ingredion by 5.7% during the first quarter. Retirement Guys Formula LLC now owns 1,566 shares of the company's stock worth $212,000 after buying an additional 84 shares during the period. Hancock Whitney Corp increased its stake in shares of Ingredion by 1.6% during the fourth quarter. Hancock Whitney Corp now owns 6,854 shares of the company's stock worth $943,000 after buying an additional 108 shares during the period. Finally, KBC Group NV increased its stake in Ingredion by 4.3% in the first quarter. KBC Group NV now owns 2,624 shares of the company's stock valued at $355,000 after purchasing an additional 109 shares during the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Ingredion from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 8th. UBS Group increased their price target on shares of Ingredion from $149.00 to $151.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Finally, Oppenheimer dropped their price target 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 issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Ingredion has a consensus rating of "Moderate Buy" and a consensus target price of $151.40.

Insider Buying and Selling at Ingredion

In other news, SVP Larry Fernandes sold 2,400 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 31,996 shares of the company's stock, valued at approximately $4,345,696.72. This represents a 6.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.80% of the company's stock.

Ingredion Stock Up 0.6%

Ingredion stock traded up $0.83 during mid-day trading on Tuesday, hitting $132.41. The company had a trading volume of 36,897 shares, compared to its average volume of 529,058. The stock has a market cap of $8.52 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 1.06 and a beta of 0.72. Ingredion Incorporated has a 1 year low of $118.85 and a 1 year high of $155.44. The business has a fifty day moving average of $136.73 and a 200 day moving average of $133.64. The company has a quick ratio of 1.86, a current ratio of 2.85 and a debt-to-equity ratio of 0.44.

Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.53. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Ingredion had a return on equity of 19.75% and a net margin of 8.53%. The company's revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.08 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 1st were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Tuesday, July 1st. Ingredion's payout ratio is currently 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.