Ingredion Incorporated (NYSE:INGR) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its holdings in Ingredion Incorporated (NYSE:INGR - Free Report) by 15.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,803 shares of the company's stock after selling 2,501 shares during the quarter. Vontobel Holding Ltd.'s holdings in Ingredion were worth $1,866,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INGR. EverSource Wealth Advisors LLC grew its stake in shares of 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 purchasing an additional 79 shares during the period. Mindset Wealth Management LLC grew its position in Ingredion by 2.1% during the fourth quarter. Mindset Wealth Management LLC now owns 3,914 shares of the company's stock worth $538,000 after buying an additional 82 shares during the period. Waverly Advisors LLC increased its holdings in Ingredion by 3.8% in the fourth quarter. Waverly Advisors LLC now owns 2,303 shares of the company's stock valued at $317,000 after buying an additional 84 shares in the last quarter. Retirement Guys Formula LLC lifted its position in shares of Ingredion by 5.7% during the 1st quarter. Retirement Guys Formula LLC now owns 1,566 shares of the company's stock valued at $212,000 after acquiring an additional 84 shares during the period. Finally, Hancock Whitney Corp boosted its stake in shares of Ingredion by 1.6% during the 4th quarter. Hancock Whitney Corp now owns 6,854 shares of the company's stock worth $943,000 after acquiring an additional 108 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company's stock.

Insiders Place Their Bets

In other news, SVP Larry Fernandes sold 2,400 shares of the firm's stock in a transaction 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 sale, the senior vice president owned 31,996 shares in the company, valued at $4,345,696.72. This trade represents a 6.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

INGR has been the topic of a number of research reports. UBS Group set a $155.00 price target on Ingredion in a report on Tuesday, April 22nd. Wall Street Zen upgraded Ingredion from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 8th. Finally, Oppenheimer cut their price target on Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Ingredion has an average rating of "Moderate Buy" and a consensus price target of $152.20.

Ingredion Price Performance

NYSE:INGR traded down $0.86 during trading hours on Friday, reaching $137.35. 226,583 shares of the company traded hands, compared to its average volume of 470,856. 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 firm's 50-day moving average is $137.07 and its 200-day moving average is $133.93. The stock has a market cap of $8.83 billion, a P/E ratio of 14.49, a P/E/G ratio of 1.11 and a beta of 0.72. Ingredion Incorporated has a 1-year low of $111.54 and a 1-year high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last released 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. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Ingredion had a net margin of 8.53% and a return on equity of 19.75%. The firm's quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.08 EPS. Equities research analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders 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 payout ratio is currently 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.