Ingredion Incorporated (NYSE:INGR) Position Increased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its holdings in Ingredion Incorporated (NYSE:INGR - Free Report) by 127.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,794 shares of the company's stock after acquiring an additional 8,280 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Ingredion were worth $2,035,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BOK Financial Private Wealth Inc. purchased a new stake in shares of Ingredion during the fourth quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Ingredion in the fourth quarter valued at $27,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in 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 purchasing an additional 196 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Ingredion by 32.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock worth $44,000 after buying an additional 79 shares during the period. Finally, Crews Bank & Trust purchased a new stake in Ingredion during the 4th quarter worth $48,000. Hedge funds and other institutional investors own 85.27% of the company's stock.

Insider Transactions at Ingredion

In related news, SVP Larry Fernandes sold 2,400 shares of Ingredion stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $135.82, for a total value of $325,968.00. Following the sale, the senior vice president now directly owns 31,996 shares in the company, valued at $4,345,696.72. This trade represents a 6.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

INGR has been the subject of several recent analyst reports. Oppenheimer lowered their target price on Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Stephens lowered their price objective on Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. BMO Capital Markets dropped their price objective on Ingredion from $147.00 to $133.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Wall Street Zen raised Ingredion from a "buy" rating to a "strong-buy" rating in a research report on Monday, May 19th. Finally, UBS Group set a $155.00 target price on Ingredion in a research note on Tuesday, April 22nd. 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 company's stock. According to MarketBeat.com, Ingredion currently has a consensus rating of "Moderate Buy" and a consensus target price of $152.20.

Ingredion Stock Performance

INGR stock traded down $0.35 during trading on Monday, hitting $136.89. 362,971 shares of the company's stock traded hands, compared to its average volume of 471,490. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 1.03 and a beta of 0.73. Ingredion Incorporated has a 52 week low of $111.54 and a 52 week high of $155.44. The stock has a fifty day moving average price of $133.03 and a two-hundred day moving average price of $135.43. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47.

Ingredion (NYSE:INGR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.97 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 8.71% and a return on equity of 18.62%. The company's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.08 EPS. As a group, equities analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Dividend Announcement

The business 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 dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Tuesday, July 1st. Ingredion's 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.