Ingredion Incorporated (NYSE:INGR) Holdings Decreased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 289,398 shares of the company's stock after selling 34,867 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.44% of Ingredion worth $39,810,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of INGR. Barclays PLC raised its holdings in shares of Ingredion by 31.9% during the 3rd quarter. Barclays PLC now owns 47,291 shares of the company's stock worth $6,499,000 after acquiring an additional 11,432 shares during the period. Ballentine Partners LLC purchased a new stake in Ingredion in the 4th quarter valued at about $206,000. Janney Montgomery Scott LLC raised its holdings in Ingredion by 16.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 29,134 shares of the company's stock valued at $4,008,000 after buying an additional 4,123 shares during the period. Exchange Traded Concepts LLC raised its holdings in Ingredion by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,535 shares of the company's stock valued at $761,000 after buying an additional 140 shares during the period. Finally, Blue Trust Inc. raised its holdings in Ingredion by 39.5% in the 4th quarter. Blue Trust Inc. now owns 1,874 shares of the company's stock valued at $258,000 after buying an additional 531 shares during the period. Hedge funds and other institutional investors own 85.27% of the company's stock.

Wall Street Analyst Weigh In

INGR has been the topic of several research analyst reports. Stephens reduced their price objective on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Oppenheimer reduced their price objective on shares of Ingredion from $167.00 to $155.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. BMO Capital Markets cut their price target on shares of Ingredion from $147.00 to $133.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. UBS Group set a $155.00 price target on shares of Ingredion in a research note on Tuesday, April 22nd. Finally, Wall Street Zen upgraded shares of Ingredion from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 19th. Three equities 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 MarketBeat.com, Ingredion has a consensus rating of "Moderate Buy" and an average price target of $152.20.

Ingredion Stock Up 0.0%

Shares of INGR stock traded up $0.02 during trading hours on Friday, reaching $138.69. 54,092 shares of the stock were exchanged, compared to its average volume of 470,241. The business's fifty day moving average is $133.34 and its two-hundred day moving average is $135.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. Ingredion Incorporated has a 12-month low of $111.54 and a 12-month high of $155.44. The firm has a market capitalization of $8.92 billion, a P/E ratio of 14.28, a P/E/G ratio of 1.03 and a beta of 0.73.

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 18.62% and a net margin of 8.71%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the company earned $2.08 earnings per share. The company's revenue was down 3.7% compared to the same quarter last year. As a group, research analysts expect that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Tuesday, July 1st. Ingredion's payout ratio is currently 33.76%.

Insider Activity at Ingredion

In related news, SVP Larry Fernandes sold 2,400 shares of the stock in a transaction 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 sale, the senior vice president now owns 31,996 shares of the company's stock, valued at $4,345,696.72. This trade 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 is available at the SEC website. Corporate insiders own 1.80% of the company's stock.

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.