Russell Investments Group Ltd. decreased its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 291,748 shares of the company's stock after selling 22,551 shares during the period. Russell Investments Group Ltd. owned approximately 0.45% of Ingredion worth $31,664,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in INGR. Blue Trust Inc. increased its stake in shares of Ingredion by 40.2% in the 4th quarter. Blue Trust Inc. now owns 359 shares of the company's stock valued at $39,000 after purchasing an additional 103 shares during the last quarter. Pflug Koory LLC raised its stake in Ingredion by 0.9% during the fourth quarter. Pflug Koory LLC now owns 12,201 shares of the company's stock worth $1,324,000 after acquiring an additional 112 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Ingredion by 33.7% in the third quarter. IFP Advisors Inc now owns 484 shares of the company's stock worth $48,000 after acquiring an additional 122 shares during the last quarter. D.A. Davidson & CO. boosted its stake 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 purchasing an additional 131 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in shares of Ingredion by 3.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,731 shares of the company's stock valued at $367,000 after purchasing an additional 134 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company's stock.
Insider Buying and Selling at Ingredion
In other news, CEO James P. Zallie sold 54,581 shares of Ingredion 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 completion of the transaction, the chief executive officer now owns 99,246 shares in the company, valued at $11,635,601.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Ingredion news, CEO James P. Zallie sold 54,581 shares of the stock in a transaction on Monday, March 4th. The stock was 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 $11,635,601.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Larry Fernandes sold 2,369 shares of the business's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $115.08, for a total value of $272,624.52. Following the sale, the senior vice president now 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 a total of 58,921 shares of company stock valued at $6,903,045 over the last three months. 1.80% of the stock is currently owned by insiders.
Ingredion Trading Down 0.2 %
NYSE INGR traded down $0.24 during trading hours on Wednesday, hitting $114.35. 264,379 shares of the company's stock were exchanged, compared to its average volume of 385,570. Ingredion Incorporated has a 1-year low of $89.54 and a 1-year high of $118.83. The company has a current ratio of 1.92, a quick ratio of 1.10 and a debt-to-equity ratio of 0.49. The stock has a 50-day simple moving average of $115.19 and a 200 day simple moving average of $108.53. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.09 and a beta of 0.81.
Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $1.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $0.10. Ingredion had a return on equity of 18.57% and a net margin of 7.88%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the business earned $1.65 EPS. The company's quarterly revenue was down 3.3% on a year-over-year basis. On average, equities analysts forecast that Ingredion Incorporated will post 9.62 EPS for the current fiscal year.
Ingredion Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Monday, April 1st were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Thursday, March 28th. Ingredion's dividend payout ratio is currently 32.50%.
Analysts Set New Price Targets
A number of brokerages have weighed in on INGR. StockNews.com upgraded shares of Ingredion from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 22nd. Barclays upped their target price on Ingredion from $115.00 to $122.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 6th. Stephens restated an "overweight" rating and set a $130.00 price target on shares of Ingredion in a report on Wednesday, February 7th. Finally, The Goldman Sachs Group upgraded shares of Ingredion from a "neutral" rating to a "buy" rating and raised their price objective for the company from $122.00 to $135.00 in a report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Ingredion currently has an average rating of "Moderate Buy" and a consensus price target of $126.67.
View Our Latest Analysis on Ingredion
Ingredion Profile
(
Free Report)
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.
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