Leeward Investments LLC MA Sells 59,444 Shares of Ingredion Incorporated (NYSE:INGR)

Leeward Investments LLC MA reduced its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 27.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,480 shares of the company's stock after selling 59,444 shares during the period. Ingredion comprises 1.1% of Leeward Investments LLC MA's portfolio, making the stock its 18th largest position. Leeward Investments LLC MA owned 0.24% of Ingredion worth $21,022,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in INGR. BOK Financial Private Wealth Inc. acquired a new stake in Ingredion in the fourth quarter valued at $25,000. Alpine Bank Wealth Management acquired a new stake in Ingredion during the first quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Ingredion by 653.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company's stock valued at $31,000 after acquiring an additional 196 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Ingredion during the 4th quarter valued at approximately $33,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Ingredion by 32.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock valued at $44,000 after acquiring an additional 79 shares in the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

Ingredion Stock Down 0.8%

NYSE INGR traded down $1.05 on Monday, reaching $136.31. The stock had a trading volume of 12,394 shares, compared to its average volume of 467,399. The business has a 50 day moving average price of $137.07 and a 200 day moving average price of $133.88. 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 1 year low of $111.93 and a 1 year high of $155.44. The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 1.11 and a beta of 0.72.

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. Ingredion had a return on equity of 19.75% and a net margin of 8.53%. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the prior year, the business earned $2.08 earnings per share. Ingredion's revenue for the quarter was down 3.7% compared to the same quarter last year. On average, analysts forecast that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Dividend Announcement

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 given a $0.80 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.35%. Ingredion's dividend payout ratio is currently 33.76%.

Insider Buying and Selling

In other news, SVP Larry Fernandes sold 2,400 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $135.82, for a total transaction of $325,968.00. Following the completion of the transaction, the senior vice president directly owned 31,996 shares of the company's stock, valued at approximately $4,345,696.72. This trade represents a 6.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on INGR shares. Wall Street Zen raised shares of Ingredion from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 8th. Oppenheimer dropped 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. Finally, UBS Group set a $155.00 target price on Ingredion in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $152.20.

Ingredion 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.