Nomura Holdings Inc. Purchases Shares of 76,936 Ingredion Incorporated (NYSE:INGR)

Nomura Holdings Inc. acquired a new stake in Ingredion Incorporated (NYSE:INGR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 76,936 shares of the company's stock, valued at approximately $10,583,000. Nomura Holdings Inc. owned approximately 0.12% of Ingredion at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. BOK Financial Private Wealth Inc. acquired a new stake in Ingredion in the 4th quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Ingredion during the 4th quarter worth approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Ingredion by 653.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company's stock worth $31,000 after purchasing an additional 196 shares during the period. EverSource Wealth Advisors LLC boosted its stake in 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 purchasing an additional 79 shares in the last quarter. Finally, Crews Bank & Trust bought a new stake in shares of Ingredion in the 4th quarter worth approximately $48,000. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingredion Trading Up 0.5%

Shares of NYSE INGR traded up $0.64 during midday trading on Tuesday, hitting $140.72. The stock had a trading volume of 95,188 shares, compared to its average volume of 467,558. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. Ingredion Incorporated has a fifty-two week low of $111.54 and a fifty-two week high of $155.44. The firm has a market cap of $9.05 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 1.03 and a beta of 0.73. The company's 50-day simple moving average is $132.41 and its 200 day simple moving average is $135.78.

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. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the company posted $2.08 EPS. The company's revenue was down 3.7% compared to the same quarter last year. Research analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors 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 2.27%. Ingredion's dividend payout ratio is 33.76%.

Insider Buying and Selling

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of the company'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 owns 34,127 shares in the company, valued at $4,295,906.76. This represents a 24.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Larry Fernandes sold 2,400 shares of Ingredion stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $135.82, for a total value of $325,968.00. Following the transaction, the senior vice president now owns 31,996 shares of the company's stock, valued at $4,345,696.72. This represents a 6.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,215 shares of company stock valued at $1,687,360 in the last 90 days. 2.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on INGR. BMO Capital Markets lowered their price objective 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 cut their target price on shares of Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. StockNews.com upgraded Ingredion from a "buy" rating to a "strong-buy" rating in a research note on Monday. UBS Group set a $155.00 target price on Ingredion in a research report on Tuesday, April 22nd. Finally, Stephens cut their price objective on Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Three 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. According to MarketBeat.com, Ingredion currently has an average rating of "Moderate Buy" and an average price target of $152.20.

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.