Susquehanna Fundamental Investments LLC Takes Position in Ingredion Incorporated (NYSE:INGR)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,730 shares of the company's stock, valued at approximately $788,000.

A number of other large investors have also recently bought and sold shares of the stock. Franklin Resources Inc. boosted its position in 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 acquiring an additional 83,708 shares during the last quarter. First Trust Advisors LP lifted its position in Ingredion by 1.9% during the fourth quarter. First Trust Advisors LP now owns 583,081 shares of the company's stock worth $80,209,000 after buying an additional 10,703 shares during the period. Principal Financial Group Inc. lifted its position in Ingredion by 1.5% during the third quarter. Principal Financial Group Inc. now owns 725,374 shares of the company's stock worth $99,683,000 after buying an additional 10,812 shares during the period. Magnetar Financial LLC boosted its stake in Ingredion by 606.2% in the 4th quarter. Magnetar Financial LLC now owns 38,023 shares of the company's stock worth $5,230,000 after buying an additional 32,639 shares during the last quarter. Finally, Fractal Investments LLC purchased a new stake in Ingredion in the 4th quarter valued at about $344,000. Institutional investors and hedge funds own 85.27% of the company's stock.

Wall Street Analysts Forecast Growth

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

Ingredion Stock Performance

Shares of INGR traded down $2.50 during mid-day trading on Wednesday, hitting $135.94. The stock had a trading volume of 227,007 shares, compared to its average volume of 469,200. The company's fifty day simple moving average is $131.32 and its two-hundred day simple moving average is $135.55. Ingredion Incorporated has a fifty-two week low of $111.54 and a fifty-two week high of $155.44. The company has a market cap of $8.74 billion, a PE ratio of 13.99, a PEG ratio of 1.03 and a beta of 0.73. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47.

Ingredion (NYSE:INGR - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.44 by $0.53. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the company earned $2.08 earnings per share. The business's revenue was down 3.7% compared to the same quarter last year. On average, equities analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, April 1st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.35%. Ingredion's dividend payout ratio (DPR) is presently 32.96%.

Insider Buying and Selling

In other news, CEO James P. Zallie sold 10,815 shares of the stock in a transaction on 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 owns 34,127 shares in the company, valued at $4,295,906.76. This represents a 24.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.80% of the company's stock.

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.