Sherbrooke Park Advisers LLC Purchases New Shares in Ingredion Incorporated (NYSE:INGR)

Sherbrooke Park Advisers LLC purchased a new stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,279 shares of the company's stock, valued at approximately $1,139,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. bought a new position in shares of Ingredion during the 4th quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Ingredion during the 4th quarter worth $27,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Ingredion by 653.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company's stock worth $31,000 after purchasing an additional 196 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Ingredion by 32.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock worth $44,000 after purchasing an additional 79 shares during the last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of Ingredion during the 4th quarter worth $48,000. Hedge funds and other institutional investors own 85.27% of the company's stock.

Ingredion Stock Performance

NYSE INGR opened at $138.75 on Friday. The company has a market cap of $8.92 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.03 and a beta of 0.73. The stock's 50 day simple moving average is $132.05 and its 200-day simple moving average is $135.65. Ingredion Incorporated has a 1-year low of $111.54 and a 1-year high of $155.44. 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 (NYSE:INGR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.97 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.53. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the business posted $2.08 earnings per share. The firm's revenue was down 3.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st were issued a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.20 annualized dividend and a dividend yield of 2.31%. Ingredion's dividend payout ratio is presently 33.76%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on INGR. Oppenheimer decreased their price objective on Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. BMO Capital Markets decreased their price target on Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. UBS Group set a $155.00 price target on Ingredion in a research note on Tuesday, April 22nd. StockNews.com cut Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, Stephens reduced their price objective on Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $152.20.

Insider Activity at Ingredion

In other news, SVP Larry Fernandes sold 2,400 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $135.82, for a total transaction of $325,968.00. Following the completion of the transaction, the senior vice president now directly owns 31,996 shares of the company's stock, valued at approximately $4,345,696.72. This represents a 6.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James P. Zallie sold 10,815 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $125.88, for a total value of $1,361,392.20. Following the completion of the transaction, the chief executive officer now directly owns 34,127 shares of the company's stock, valued at $4,295,906.76. The trade was a 24.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,215 shares of company stock worth $1,687,360. 2.30% of the stock is currently owned by company insiders.

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.

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