Ingredion Incorporated (NYSE:INGR) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lessened its holdings in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 727,756 shares of the company's stock after selling 24,700 shares during the period. Nordea Investment Management AB owned 1.12% of Ingredion worth $78,896,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of INGR. Wetherby Asset Management Inc. increased its position in shares of Ingredion by 1.2% during the first quarter. Wetherby Asset Management Inc. now owns 8,958 shares of the company's stock worth $911,000 after acquiring an additional 103 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Ingredion by 29.1% during the third quarter. Geneos Wealth Management Inc. now owns 493 shares of the company's stock worth $49,000 after purchasing an additional 111 shares during the last quarter. IFP Advisors Inc boosted its holdings in Ingredion by 33.7% during the third quarter. IFP Advisors Inc now owns 484 shares of the company's stock worth $48,000 after purchasing an additional 122 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Ingredion by 0.9% in the third quarter. D.A. Davidson & CO. now owns 15,322 shares of the company's stock valued at $1,508,000 after acquiring an additional 131 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its stake in Ingredion by 3.7% in the third quarter. Verdence Capital Advisors LLC now owns 3,731 shares of the company's stock valued at $367,000 after acquiring an additional 134 shares during the last quarter. Institutional investors own 84.80% of the company's stock.

Insiders Place Their Bets

In other Ingredion news, CEO James P. Zallie sold 54,581 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $117.24, for a total transaction of $6,399,076.44. Following the completion of the transaction, the chief executive officer now directly owns 99,246 shares of the company's stock, valued at approximately $11,635,601.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Davida Marie Gable sold 1,968 shares of Ingredion stock in a transaction on Friday, March 1st. The shares were sold at an average price of $117.38, for a total value of $231,003.84. Following the sale, the vice president now owns 1,723 shares of the company's stock, valued at approximately $202,245.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James P. Zallie sold 54,581 shares of Ingredion stock in a transaction on Monday, March 4th. The shares were sold at an average price of $117.24, for a total transaction of $6,399,076.44. Following the completion of the sale, the chief executive officer now directly owns 99,246 shares in the company, valued at approximately $11,635,601.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,921 shares of company stock valued at $6,903,037. 1.56% of the stock is owned by insiders.

Ingredion Trading Up 1.5 %

Shares of INGR traded up $1.76 during midday trading on Tuesday, hitting $117.13. The stock had a trading volume of 341,802 shares, compared to its average volume of 419,143. The firm has a market cap of $7.68 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 1.09 and a beta of 0.81. Ingredion Incorporated has a 1 year low of $89.54 and a 1 year high of $118.83. The stock's 50 day moving average is $112.56 and its 200 day moving average is $104.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.92 and a quick ratio of 1.10.

Ingredion (NYSE:INGR - Get Free Report) last issued its earnings results on Tuesday, February 6th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.10. Ingredion had a net margin of 7.88% and a return on equity of 18.57%. The company had revenue of $1.92 billion for the quarter, compared to analysts' expectations of $2.07 billion. During the same period in the prior year, the business earned $1.65 EPS. The firm's quarterly revenue was down 3.3% on a year-over-year basis. As a group, analysts forecast that Ingredion Incorporated will post 9.6 EPS for the current fiscal year.

Ingredion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Monday, April 1st will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, March 28th. Ingredion's dividend payout ratio is presently 32.50%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Stephens reissued an "overweight" rating and issued a $130.00 price target on shares of Ingredion in a report on Wednesday, February 7th. The Goldman Sachs Group upgraded shares of Ingredion from a "neutral" rating to a "buy" rating and increased their price target for the stock from $122.00 to $135.00 in a research note on Thursday, February 15th. StockNews.com lowered shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 14th. Finally, Barclays lifted their price target on shares of Ingredion from $115.00 to $122.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $126.67.

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.