Ingredion Incorporated (NYSE:INGR) Holdings Trimmed by Jump Financial LLC

Jump Financial LLC trimmed its stake in Ingredion Incorporated (NYSE:INGR - Free Report) by 77.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,003 shares of the company's stock after selling 7,058 shares during the quarter. Jump Financial LLC's holdings in Ingredion were worth $276,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in INGR. BOK Financial Private Wealth Inc. purchased a new stake in shares of Ingredion in the fourth quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Ingredion in the 4th quarter worth about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Ingredion by 653.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company's stock valued at $31,000 after acquiring an additional 196 shares during the last quarter. EverSource Wealth Advisors LLC increased 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 valued at $44,000 after acquiring an additional 79 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of Ingredion in the fourth quarter worth approximately $48,000. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

INGR has been the topic of a number of recent analyst reports. Stephens cut their price target on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. StockNews.com lowered Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. BMO Capital Markets reduced their price target on shares of Ingredion from $147.00 to $133.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Oppenheimer decreased their price target 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. Finally, UBS Group set a $155.00 price objective on Ingredion in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Ingredion presently has an average rating of "Moderate Buy" and an average price target of $152.20.

Insider Buying and Selling

In related news, CEO James P. Zallie sold 10,815 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total value of $1,361,392.20. Following the sale, the chief executive officer now directly owns 34,127 shares in the company, valued at $4,295,906.76. This trade represents a 24.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.

Ingredion Stock Up 0.4 %

Ingredion stock traded up $0.49 during midday trading on Friday, hitting $131.49. The stock had a trading volume of 70,341 shares, compared to its average volume of 463,480. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average price of $131.11 and a 200 day moving average price of $135.55. Ingredion Incorporated has a 12 month low of $111.54 and a 12 month high of $155.44. The stock has a market cap of $8.45 billion, a P/E ratio of 13.54, a P/E/G ratio of 1.03 and a beta of 0.72.

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

Ingredion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, April 1st. This represents a $3.20 dividend on an annualized basis and a yield of 2.43%. Ingredion's dividend payout ratio is currently 32.96%.

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.