Ingredion Incorporated (NYSE:INGR) Stock Holdings Trimmed by Morningstar Investment Services LLC

Morningstar Investment Services LLC lessened its position in Ingredion Incorporated (NYSE:INGR - Free Report) by 46.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,680 shares of the company's stock after selling 4,942 shares during the period. Morningstar Investment Services LLC's holdings in Ingredion were worth $768,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hussman Strategic Advisors Inc. boosted its position in shares of Ingredion by 20.0% during the first quarter. Hussman Strategic Advisors Inc. now owns 12,600 shares of the company's stock valued at $1,704,000 after buying an additional 2,100 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Ingredion by 40.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 279 shares of the company's stock valued at $38,000 after purchasing an additional 80 shares during the last quarter. Forum Financial Management LP grew its position in Ingredion by 12.7% during the first quarter. Forum Financial Management LP now owns 2,483 shares of the company's stock valued at $336,000 after acquiring an additional 280 shares during the last quarter. Verdence Capital Advisors LLC grew its position in Ingredion by 37.6% during the 1st quarter. Verdence Capital Advisors LLC now owns 3,503 shares of the company's stock worth $474,000 after acquiring an additional 957 shares during the last quarter. Finally, Napatree Capital LLC purchased a new stake in Ingredion in the 1st quarter worth approximately $423,000. Institutional investors and hedge funds own 85.27% of the company's stock.

Ingredion Price Performance

INGR stock traded up $0.82 during mid-day trading on Monday, reaching $133.96. 195,034 shares of the company's stock were exchanged, compared to its average volume of 474,311. Ingredion Incorporated has a 12-month low of $117.49 and a 12-month high of $155.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.85 and a quick ratio of 1.86. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 1.06 and a beta of 0.72. The stock's 50 day moving average is $137.35 and its 200 day moving average is $133.66.

Ingredion (NYSE:INGR - Get Free Report) last issued 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 analysts' expectations of $1.84 billion. Ingredion had a return on equity of 19.75% and a net margin of 8.53%. The company's revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.08 earnings per share. On average, research analysts expect that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 1st will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Tuesday, July 1st. Ingredion's dividend payout ratio (DPR) is presently 33.76%.

Insider Transactions at Ingredion

In other Ingredion news, SVP Larry Fernandes sold 2,400 shares of the business'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 transaction of $325,968.00. Following the transaction, the senior vice president owned 31,996 shares in the company, valued at approximately $4,345,696.72. The trade was a 6.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

INGR has been the subject of several recent analyst reports. Wall Street Zen raised Ingredion from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 8th. UBS Group boosted their target price on Ingredion from $149.00 to $151.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Finally, Oppenheimer cut their price target on Ingredion from $167.00 to $155.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Ingredion currently has an average rating of "Moderate Buy" and an average price target of $151.40.

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.