Ingredion Incorporated (NYSE:INGR) Shares Sold by Strs Ohio

Strs Ohio lowered its stake in Ingredion Incorporated (NYSE:INGR - Free Report) by 85.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,370 shares of the company's stock after selling 143,319 shares during the quarter. Strs Ohio's holdings in Ingredion were worth $2,753,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. boosted its position in Ingredion by 40.2% during the 4th quarter. Blue Trust Inc. now owns 359 shares of the company's stock valued at $39,000 after buying an additional 103 shares during the period. Wetherby Asset Management Inc. increased its holdings in Ingredion by 1.2% during the 1st quarter. Wetherby Asset Management Inc. now owns 8,958 shares of the company's stock valued at $911,000 after purchasing an additional 103 shares during the period. Geneos Wealth Management Inc. raised its position in Ingredion by 29.1% during the 3rd quarter. Geneos Wealth Management Inc. now owns 493 shares of the company's stock valued at $49,000 after purchasing an additional 111 shares during the last quarter. Pflug Koory LLC lifted its holdings in Ingredion by 0.9% in the 4th quarter. Pflug Koory LLC now owns 12,201 shares of the company's stock worth $1,324,000 after buying an additional 112 shares during the period. Finally, IFP Advisors Inc grew its position in shares of Ingredion by 33.7% in the 3rd quarter. IFP Advisors Inc now owns 484 shares of the company's stock worth $48,000 after buying an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 85.27% of the company's stock.

Ingredion Stock Up 1.2 %

Shares of INGR stock traded up $1.34 during mid-day trading on Friday, hitting $113.67. The stock had a trading volume of 360,054 shares, compared to its average volume of 401,313. Ingredion Incorporated has a 12-month low of $89.54 and a 12-month high of $118.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.92 and a quick ratio of 1.10. The firm has a market capitalization of $7.46 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 1.05 and a beta of 0.81. The firm's 50-day moving average is $114.82 and its two-hundred day moving average is $107.20.

Ingredion (NYSE:INGR - Get Free Report) last announced its earnings results on Tuesday, February 6th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.10. Ingredion had a return on equity of 18.57% and a net margin of 7.88%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the company posted $1.65 EPS. The firm's quarterly revenue was down 3.3% compared to the same quarter last year. On average, analysts predict that Ingredion Incorporated will post 9.62 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

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 issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Thursday, March 28th. Ingredion's payout ratio is 32.50%.

Wall Street Analyst Weigh In

INGR has been the subject of a number of research analyst reports. StockNews.com raised Ingredion from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 22nd. Stephens reiterated an "overweight" rating and set a $130.00 price target on shares of Ingredion in a research report on Wednesday, February 7th. Barclays raised their target price on Ingredion from $115.00 to $122.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 6th. Finally, The Goldman Sachs Group upgraded Ingredion from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $122.00 to $135.00 in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $126.67.

Insider Buying and Selling at Ingredion

In other news, VP Davida Marie Gable sold 1,968 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $117.38, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Davida Marie Gable sold 1,968 shares of the business's 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 completion of the transaction, the vice president now directly owns 1,723 shares in the company, valued at approximately $202,245.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO James P. Zallie sold 54,581 shares of the firm's 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 sale, the chief executive officer now 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 quarter, insiders sold 58,921 shares of company stock worth $6,903,045. Insiders own 1.80% of the company's stock.

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.