Natixis Advisors LLC Sells 2,059 Shares of Ingredion Incorporated (NYSE:INGR)

Key Points

• Natixis Advisors LLC reduced its holdings in Ingredion by 4.8% during the first quarter, owning approximately 40,851 shares worth around $5.5 million.
• Several institutional investors have significantly increased their stakes in Ingredion, with GAMMA Investing LLC boosting its holdings by an astounding 11,870.4%, acquiring 163,875 shares valued at $221.58 million.
• Ingredion recently reported earnings of $2.87 per share, surpassing estimates, despite a 2.4% year-over-year decline in revenue, and announced a quarterly dividend of $0.80 per share.

Natixis Advisors LLC decreased its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 4.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,851 shares of the company's stock after selling 2,059 shares during the quarter. Natixis Advisors LLC owned 0.06% of Ingredion worth $5,523,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC lifted its stake in Ingredion by 94.1% during the 4th quarter. LPL Financial LLC now owns 43,804 shares of the company's stock valued at $6,026,000 after acquiring an additional 21,231 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Ingredion by 0.7% during the fourth quarter. Alliancebernstein L.P. now owns 115,122 shares of the company's stock valued at $15,836,000 after purchasing an additional 764 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Ingredion by 25.6% during the fourth quarter. Quadrant Capital Group LLC now owns 795 shares of the company's stock valued at $109,000 after purchasing an additional 162 shares during the last quarter. Cerity Partners LLC lifted its position in Ingredion by 12.0% during the fourth quarter. Cerity Partners LLC now owns 20,941 shares of the company's stock valued at $2,880,000 after purchasing an additional 2,250 shares during the period. Finally, Polymer Capital Management US LLC purchased a new stake in Ingredion in the fourth quarter worth approximately $356,000. Institutional investors own 85.27% of the company's stock.

Insider Buying and Selling

In other news, SVP Larry Fernandes sold 850 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $128.39, for a total transaction of $109,131.50. Following the sale, the senior vice president directly owned 31,171 shares in the company, valued at $4,002,044.69. This trade represents a 2.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.30% of the company's stock.

Ingredion Stock Performance

Shares of Ingredion stock traded up $1.07 on Thursday, hitting $126.25. 316,917 shares of the company's stock were exchanged, compared to its average volume of 517,580. Ingredion Incorporated has a 1 year low of $120.51 and a 1 year high of $155.44. The company has a 50-day simple moving average of $135.14 and a 200-day simple moving average of $133.35. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 2.78. The stock has a market capitalization of $8.12 billion, a PE ratio of 10.87, a PEG ratio of 1.00 and a beta of 0.71.

Ingredion (NYSE:INGR - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.09. Ingredion had a return on equity of 19.04% and a net margin of 9.24%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the business earned $2.87 earnings per share. Ingredion's quarterly revenue was down 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 1st were paid a dividend of $0.80 per share. The ex-dividend date was Tuesday, July 1st. This represents a $3.20 dividend on an annualized basis and a yield of 2.5%. Ingredion's dividend payout ratio (DPR) is presently 31.22%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in 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 lifted their price objective on Ingredion from $149.00 to $151.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Finally, Oppenheimer reduced their price objective on Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, Ingredion presently has an average rating of "Moderate Buy" and an average target price of $151.40.

About Ingredion

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.