Quantinno Capital Management LP Increases Stock Position in Ingredion Incorporated (NYSE:INGR)

Quantinno Capital Management LP boosted its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 90.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,406 shares of the company's stock after acquiring an additional 25,789 shares during the quarter. Quantinno Capital Management LP owned 0.08% of Ingredion worth $7,484,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Barclays PLC increased its position in Ingredion by 31.9% during the third quarter. Barclays PLC now owns 47,291 shares of the company's stock worth $6,499,000 after acquiring an additional 11,432 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Ingredion by 0.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,383 shares of the company's stock worth $1,427,000 after acquiring an additional 97 shares during the period. Park Avenue Securities LLC increased its position in Ingredion by 12.8% during the fourth quarter. Park Avenue Securities LLC now owns 3,865 shares of the company's stock worth $532,000 after acquiring an additional 440 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in Ingredion by 31.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 5,275 shares of the company's stock worth $726,000 after acquiring an additional 1,272 shares during the period. Finally, West Coast Financial LLC increased its position in Ingredion by 1.9% during the fourth quarter. West Coast Financial LLC now owns 33,994 shares of the company's stock worth $4,676,000 after acquiring an additional 650 shares during the period. Institutional investors and hedge funds own 85.27% of the company's stock.

Ingredion Stock Down 1.4%

Shares of NYSE INGR traded down $1.94 during trading on Wednesday, hitting $139.01. The stock had a trading volume of 121,724 shares, compared to its average volume of 468,468. The company has a market capitalization of $8.94 billion, a PE ratio of 14.32, a PEG ratio of 1.03 and a beta of 0.73. The firm has a fifty day moving average of $132.41 and a two-hundred day moving average of $135.78. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. Ingredion Incorporated has a 12 month low of $111.54 and a 12 month high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $2.97 earnings per share for the quarter, topping analysts' consensus estimates of $2.44 by $0.53. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business earned $2.08 earnings per share. The company's quarterly revenue was down 3.7% on a year-over-year basis. As a group, equities research analysts forecast that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Tuesday, April 1st. Ingredion's dividend payout ratio (DPR) is presently 33.76%.

Insiders Place Their Bets

In other news, SVP Larry Fernandes sold 2,400 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $135.82, for a total value of $325,968.00. Following the transaction, the senior vice president now owns 31,996 shares in the company, valued at approximately $4,345,696.72. This trade represents a 6.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Oppenheimer decreased their target price on shares of Ingredion from $167.00 to $155.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. UBS Group set a $155.00 price target on shares of Ingredion in a research report on Tuesday, April 22nd. Stephens dropped their target price on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. StockNews.com upgraded shares of Ingredion from a "buy" rating to a "strong-buy" rating in a research note on Monday. Finally, BMO Capital Markets decreased their price target on shares of Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $152.20.

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.