Yacktman Asset Management LP Has $240.44 Million Holdings in Ingredion Incorporated (NYSE:INGR)

Yacktman Asset Management LP lessened its stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,215,434 shares of the company's stock after selling 8,355 shares during the quarter. Ingredion comprises about 2.2% of Yacktman Asset Management LP's holdings, making the stock its 14th biggest holding. Yacktman Asset Management LP owned 3.40% of Ingredion worth $240,441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Blue Trust Inc. lifted its position in shares of Ingredion by 40.2% during the 4th quarter. Blue Trust Inc. now owns 359 shares of the company's stock worth $39,000 after buying an additional 103 shares during the last quarter. Pflug Koory LLC increased its holdings in shares of Ingredion by 0.9% in the 4th quarter. Pflug Koory LLC now owns 12,201 shares of the company's stock valued at $1,324,000 after acquiring an additional 112 shares during the period. IFP Advisors Inc increased its holdings in shares of Ingredion by 33.7% in the 3rd quarter. IFP Advisors Inc now owns 484 shares of the company's stock valued at $48,000 after acquiring an additional 122 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Ingredion by 0.9% in the 3rd 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 period. Finally, Verdence Capital Advisors LLC increased its holdings in shares of Ingredion by 3.7% in the 3rd 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 period. Hedge funds and other institutional investors own 85.27% of the company's stock.

Insider Buying and Selling

In related news, CEO James P. Zallie sold 54,581 shares of the business's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $117.24, for a total value of $6,399,076.44. Following the sale, the chief executive officer now directly owns 99,246 shares in the company, valued at approximately $11,635,601.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Ingredion news, CEO James P. Zallie sold 54,581 shares of the firm's stock in a transaction dated 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 directly owns 99,246 shares of the company's stock, valued at approximately $11,635,601.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Larry Fernandes sold 2,369 shares of the firm's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $115.08, for a total transaction of $272,624.52. Following the sale, the senior vice president now directly owns 28,966 shares in the company, valued at $3,333,407.28. The disclosure for this sale can be found here. Insiders have sold 58,921 shares of company stock worth $6,903,045 in the last three months. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays lifted their target price on shares of Ingredion from $115.00 to $122.00 and gave the company an "equal weight" rating in a report on Wednesday, March 6th. The Goldman Sachs Group raised shares of Ingredion from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $122.00 to $135.00 in a research note on Thursday, February 15th. Stephens reissued an "overweight" rating and issued a $130.00 price objective on shares of Ingredion in a research note on Wednesday, February 7th. Finally, StockNews.com raised shares of Ingredion from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 22nd. Two research 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 stock. According to MarketBeat, Ingredion has a consensus rating of "Moderate Buy" and a consensus price target of $126.67.

Ingredion Price Performance

Shares of NYSE INGR traded down $1.19 during trading on Friday, hitting $113.29. 296,337 shares of the company were exchanged, compared to its average volume of 390,080. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 11.80, a PEG 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 firm's fifty day moving average price is $115.22 and its 200 day moving average price is $107.97. 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 EPS for the quarter, topping the consensus estimate of $1.87 by $0.10. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.07 billion. Ingredion had a net margin of 7.88% and a return on equity of 18.57%. The business's revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.65 EPS. On average, sell-side analysts expect that Ingredion Incorporated will post 9.62 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Monday, April 1st were given a $0.78 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $3.12 annualized dividend and a dividend yield of 2.75%. Ingredion's dividend payout ratio is presently 32.50%.

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.