Snyder Capital Management L P Has $164.58 Million Holdings in Ingredion Incorporated (NYSE:INGR)

Snyder Capital Management L P lessened its stake in Ingredion Incorporated (NYSE:INGR - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,196,395 shares of the company's stock after selling 87,849 shares during the quarter. Ingredion makes up 3.4% of Snyder Capital Management L P's holdings, making the stock its 5th biggest position. Snyder Capital Management L P owned about 1.84% of Ingredion worth $164,576,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in shares of Ingredion by 75.7% during the third quarter. Franklin Resources Inc. now owns 194,295 shares of the company's stock worth $26,109,000 after buying an additional 83,708 shares in the last quarter. First Trust Advisors LP raised its stake in Ingredion by 1.9% in the fourth quarter. First Trust Advisors LP now owns 583,081 shares of the company's stock valued at $80,209,000 after purchasing an additional 10,703 shares in the last quarter. Principal Financial Group Inc. raised its stake in Ingredion by 1.5% in the third quarter. Principal Financial Group Inc. now owns 725,374 shares of the company's stock valued at $99,683,000 after purchasing an additional 10,812 shares in the last quarter. Magnetar Financial LLC raised its stake in Ingredion by 606.2% in the fourth quarter. Magnetar Financial LLC now owns 38,023 shares of the company's stock valued at $5,230,000 after purchasing an additional 32,639 shares in the last quarter. Finally, Fractal Investments LLC acquired a new position in Ingredion in the fourth quarter valued at about $344,000. Institutional investors and hedge funds own 85.27% of the company's stock.

Insider Transactions at Ingredion

In related news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total value of $1,361,392.20. Following the completion of the sale, the chief executive officer now directly owns 34,127 shares in the company, valued at approximately $4,295,906.76. This trade represents a 24.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. BMO Capital Markets dropped 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. Oppenheimer lowered their target price on shares of Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Stephens reduced their price objective on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. StockNews.com cut shares of Ingredion from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Finally, UBS Group set a $155.00 price target on shares of Ingredion in a report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Ingredion has an average rating of "Moderate Buy" and an average price target of $152.20.

Ingredion Trading Up 0.7 %

Shares of NYSE INGR traded up $0.89 during midday trading on Wednesday, reaching $133.04. The company had a trading volume of 110,442 shares, compared to its average volume of 462,032. Ingredion Incorporated has a one year low of $111.54 and a one year high of $155.44. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47. The firm's fifty day moving average price is $131.00 and its 200-day moving average price is $135.59. The stock has a market cap of $8.55 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 1.03 and a beta of 0.72.

Ingredion (NYSE:INGR - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share for the quarter, topping analysts' consensus estimates of $2.54 by $0.09. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the business earned $1.65 EPS. The business's revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities research analysts anticipate that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st were given a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.41%. Ingredion's dividend payout ratio is currently 32.96%.

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.