Universal Beteiligungs und Servicegesellschaft mbH Purchases New Stake in Ingredion Incorporated (NYSE:INGR)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 74,011 shares of the company's stock, valued at approximately $10,181,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.12% of Ingredion as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Ingredion in the 4th quarter valued at $96,012,000. Assetmark Inc. grew its stake in Ingredion by 38,341.7% in the fourth quarter. Assetmark Inc. now owns 509,352 shares of the company's stock valued at $70,067,000 after acquiring an additional 508,027 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in Ingredion by 327.2% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 531,413 shares of the company's stock valued at $73,101,000 after acquiring an additional 407,027 shares during the period. Prudential Financial Inc. increased its holdings in shares of Ingredion by 93.2% in the fourth quarter. Prudential Financial Inc. now owns 652,734 shares of the company's stock worth $89,790,000 after acquiring an additional 314,912 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Ingredion by 536.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 361,153 shares of the company's stock worth $49,680,000 after purchasing an additional 304,421 shares during the period. Institutional investors own 85.27% of the company's stock.

Ingredion Stock Down 0.4%

Shares of INGR stock traded down $0.60 during trading on Wednesday, reaching $137.84. The company's stock had a trading volume of 72,787 shares, compared to its average volume of 470,955. Ingredion Incorporated has a one year low of $111.54 and a one year high of $155.44. The business has a fifty day moving average price of $133.72 and a 200-day moving average price of $135.13. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 1.03 and a beta of 0.73. 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 issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.97 EPS for the quarter, topping 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 previous year, the firm posted $2.08 EPS. The company's revenue for the quarter was down 3.7% on a year-over-year basis. Analysts anticipate that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 1st will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Tuesday, July 1st. Ingredion's payout ratio is presently 33.76%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on INGR shares. UBS Group set a $155.00 price objective on Ingredion in a research report on Tuesday, April 22nd. Wall Street Zen cut shares of Ingredion from a "strong-buy" rating to a "buy" rating in a report on Saturday. Stephens dropped 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. BMO Capital Markets reduced 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. Finally, Oppenheimer lowered their target price on Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Ingredion currently has a consensus rating of "Moderate Buy" and an average price target of $152.20.

Insider Buying and Selling at Ingredion

In other news, SVP Larry Fernandes sold 2,400 shares of the company's 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 of the company's stock, valued at approximately $4,345,696.72. This represents a 6.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.30% of the company's stock.

Ingredion Company 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.