LSV Asset Management Sells 27,859 Shares of Ingredion Incorporated (NYSE:INGR)

LSV Asset Management cut its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,232,323 shares of the company's stock after selling 27,859 shares during the period. LSV Asset Management owned about 3.42% of Ingredion worth $242,274,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of INGR. Robeco Institutional Asset Management B.V. boosted its holdings in Ingredion by 164.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 61,713 shares of the company's stock valued at $6,073,000 after purchasing an additional 38,389 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Ingredion by 7.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 4,004 shares of the company's stock valued at $394,000 after buying an additional 266 shares in the last quarter. Foster & Motley Inc. grew its position in Ingredion by 18.8% in the third quarter. Foster & Motley Inc. now owns 5,541 shares of the company's stock valued at $545,000 after acquiring an additional 875 shares during the period. Bailard Inc. raised its stake in Ingredion by 13.5% during the third quarter. Bailard Inc. now owns 5,900 shares of the company's stock worth $581,000 after acquiring an additional 700 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in shares of Ingredion by 27.5% during the third quarter. Brown Advisory Inc. now owns 2,426 shares of the company's stock valued at $239,000 after acquiring an additional 524 shares during the period. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Price Performance

NYSE:INGR traded down $0.69 during mid-day trading on Friday, reaching $114.56. 200,871 shares of the company were exchanged, compared to its average volume of 313,484. Ingredion Incorporated has a 12 month low of $89.54 and a 12 month high of $118.83. The company has a fifty day moving average of $115.19 and a 200 day moving average of $108.95. The company has a quick ratio of 1.10, a current ratio of 1.92 and a debt-to-equity ratio of 0.49. The stock has a market cap of $7.52 billion, a PE ratio of 11.93, a PEG ratio of 1.08 and a beta of 0.81.

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, beating 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 company's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.65 EPS. On average, research analysts anticipate that Ingredion Incorporated will post 9.62 EPS for the current fiscal year.

Ingredion Dividend Announcement

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 dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.72%. The ex-dividend date was Thursday, March 28th. Ingredion's payout ratio is 32.50%.

Insider Buying and Selling

In other Ingredion 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 directly owns 1,723 shares in the company, valued at approximately $202,245.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the chief executive officer now directly owns 99,246 shares in the company, valued at approximately $11,635,601.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Davida Marie Gable sold 1,968 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The stock was 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 in the company, valued at $202,245.74. The disclosure for this sale can be found here. Insiders have sold 58,921 shares of company stock valued at $6,903,045 in the last 90 days. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on INGR shares. Barclays lifted their price target 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. Stephens reissued an "overweight" rating and issued a $130.00 target price on shares of Ingredion in a report on Wednesday, February 7th. The Goldman Sachs Group raised Ingredion from a "neutral" rating to a "buy" rating and raised their price target for the company from $122.00 to $135.00 in a report on Thursday, February 15th. Finally, StockNews.com raised 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $126.67.

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.