UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $39.81 Million Holdings in Ingredion Incorporated (NYSE:INGR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Ingredion Incorporated (NYSE:INGR - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 289,398 shares of the company's stock after selling 34,867 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.44% of Ingredion worth $39,810,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INGR. Patriot Financial Group Insurance Agency LLC grew its position in Ingredion by 1.8% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 4,162 shares of the company's stock valued at $572,000 after acquiring an additional 74 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Ingredion by 32.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock valued at $44,000 after buying an additional 79 shares during the last quarter. Mindset Wealth Management LLC increased its stake in Ingredion by 2.1% during the 4th quarter. Mindset Wealth Management LLC now owns 3,914 shares of the company's stock valued at $538,000 after buying an additional 82 shares during the period. Waverly Advisors LLC raised its position in shares of Ingredion by 3.8% during the 4th quarter. Waverly Advisors LLC now owns 2,303 shares of the company's stock worth $317,000 after buying an additional 84 shares in the last quarter. Finally, Transcend Capital Advisors LLC lifted its stake in shares of Ingredion by 2.1% in the 4th quarter. Transcend Capital Advisors LLC now owns 4,318 shares of the company's stock worth $594,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 85.27% of the company's stock.

Analyst Ratings Changes

INGR has been the subject of a number of research analyst reports. Stephens cut their target price on Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Oppenheimer cut their price objective on Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. UBS Group set a $155.00 price target on shares of Ingredion in a research 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 for the company in a report on Wednesday, February 5th. Finally, Wall Street Zen raised shares of Ingredion from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 19th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $152.20.

Insiders Place Their Bets

In other Ingredion news, SVP Larry Fernandes sold 2,400 shares of the firm's 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 now owns 31,996 shares in the company, valued at approximately $4,345,696.72. This trade represents a 6.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.80% of the company's stock.

Ingredion Trading Down 1.0%

NYSE INGR traded down $1.43 on Wednesday, hitting $137.99. 381,065 shares of the company were exchanged, compared to its average volume of 471,734. The company's 50 day moving average price is $133.34 and its 200-day moving average price is $135.47. The firm has a market capitalization of $8.87 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 1.03 and a beta of 0.73. 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 twelve month low of $111.54 and a twelve month high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $2.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.53. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business posted $2.08 EPS. The company's revenue for the quarter 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 declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 1st will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Tuesday, July 1st. Ingredion's dividend payout ratio is 33.76%.

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.