Ingredion Incorporated (NYSE:INGR) Shares Bought by Nebula Research & Development LLC

Nebula Research & Development LLC boosted its stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 165.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,055 shares of the company's stock after purchasing an additional 3,154 shares during the quarter. Nebula Research & Development LLC's holdings in Ingredion were worth $695,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC increased its holdings in Ingredion by 1.8% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 4,162 shares of the company's stock valued at $572,000 after buying an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position 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 acquiring an additional 79 shares in the last quarter. Mindset Wealth Management LLC increased its holdings in shares of Ingredion by 2.1% in the 4th quarter. Mindset Wealth Management LLC now owns 3,914 shares of the company's stock valued at $538,000 after acquiring an additional 82 shares during the last quarter. Transcend Capital Advisors LLC raised its position in shares of Ingredion by 2.1% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,318 shares of the company's stock worth $594,000 after acquiring an additional 90 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in Ingredion by 1.3% during the fourth quarter. Truist Financial Corp now owns 6,854 shares of the company's stock worth $943,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company's stock.

Insider Activity

In related news, CEO James P. Zallie sold 10,815 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $125.88, for a total value of $1,361,392.20. Following the completion of the sale, the chief executive officer now owns 34,127 shares in the company, valued at $4,295,906.76. This trade represents a 24.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.80% of the company's stock.

Ingredion Stock Performance

Ingredion stock traded up $1.30 during mid-day trading on Friday, reaching $132.30. 517,086 shares of the company were exchanged, compared to its average volume of 467,036. The firm's 50-day simple moving average is $131.11 and its two-hundred day simple moving average is $135.54. Ingredion Incorporated has a twelve month low of $111.54 and a twelve month high of $155.44. The firm has a market cap of $8.51 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 1.03 and a beta of 0.73. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.62.

Ingredion (NYSE:INGR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.09. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The company's revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the company earned $1.65 earnings per share. Equities analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Tuesday, April 1st. Ingredion's dividend payout ratio (DPR) is 32.96%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Stephens reduced their price objective on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. BMO Capital Markets decreased their price objective 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. StockNews.com cut Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Oppenheimer decreased their target price on Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Finally, UBS Group set a $155.00 price target on Ingredion in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $152.20.

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.