MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $310,000 Stock Holdings in Ingredion Incorporated (NYSE:INGR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Ingredion Incorporated (NYSE:INGR - Free Report) by 502.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,254 shares of the company's stock after acquiring an additional 1,880 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Ingredion were worth $310,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. bought a new position in shares of Ingredion in the 4th quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Ingredion during the fourth quarter worth about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Ingredion by 653.3% during the fourth 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 during the last quarter. EverSource Wealth Advisors LLC grew its stake in Ingredion by 32.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock valued at $44,000 after purchasing an additional 79 shares in the last quarter. Finally, Crews Bank & Trust acquired a new position in shares of Ingredion during the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 85.27% of the company's stock.

Ingredion Stock Performance

Shares of INGR traded down $1.14 during trading hours on Wednesday, hitting $137.30. The company had a trading volume of 347,470 shares, compared to its average volume of 472,963. The business has a fifty day moving average of $133.72 and a 200-day moving average of $135.13. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 1.03 and a beta of 0.73. Ingredion Incorporated has a 12 month low of $111.54 and a 12 month high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings results 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 net margin of 8.71% and a return on equity of 18.62%. The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the prior year, the firm earned $2.08 EPS. The business's revenue was down 3.7% on a year-over-year basis. Equities analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 1st will be paid a $0.80 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $3.20 annualized dividend and a yield of 2.33%. Ingredion's dividend payout ratio (DPR) is presently 33.76%.

Insider Buying and Selling at Ingredion

In other Ingredion 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 completion of the sale, the senior vice president now owns 31,996 shares in the company, valued at $4,345,696.72. The trade was a 6.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. BMO Capital Markets decreased their target price on shares of Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Oppenheimer decreased their price objective on shares of Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen lowered shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Saturday. UBS Group set a $155.00 target price on shares of Ingredion in a report on Tuesday, April 22nd. Finally, Stephens reduced their price target on Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Ingredion presently has an average rating of "Moderate Buy" and an average target price of $152.20.

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.