Fuller & Thaler Asset Management Inc. Raises Stock Holdings in Ingredion Incorporated (NYSE:INGR)

Fuller & Thaler Asset Management Inc. lifted its stake in Ingredion Incorporated (NYSE:INGR - Free Report) by 536.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 361,153 shares of the company's stock after purchasing an additional 304,421 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 0.55% of Ingredion worth $49,680,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of INGR. Patriot Financial Group Insurance Agency LLC boosted its position in Ingredion by 1.8% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 4,162 shares of the company's stock worth $572,000 after acquiring an additional 74 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Ingredion by 32.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock valued at $44,000 after purchasing an additional 79 shares during the period. Mindset Wealth Management LLC boosted its holdings in 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 purchasing an additional 82 shares during the period. Transcend Capital Advisors LLC lifted its holdings 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 during the period. Finally, Truist Financial Corp lifted its holdings in shares of Ingredion by 1.3% during the 4th quarter. Truist Financial Corp now owns 6,854 shares of the company's stock worth $943,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 85.27% of the company's stock.

Analyst Ratings Changes

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

Insider Activity

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the transaction, the chief executive officer now directly owns 34,127 shares of the company's stock, valued at approximately $4,295,906.76. This trade represents a 24.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by company insiders.

Ingredion Stock Up 0.4 %

Ingredion stock traded up $0.50 during mid-day trading on Tuesday, reaching $131.56. The stock had a trading volume of 123,214 shares, compared to its average volume of 461,359. 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 Incorporated has a fifty-two week low of $111.54 and a fifty-two week high of $155.44. The stock's 50-day simple moving average is $130.88 and its 200-day simple moving average is $135.62. The firm has a market capitalization of $8.46 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 1.03 and a beta of 0.72.

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

Ingredion Dividend Announcement

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

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.