Gateway Investment Advisers LLC boosted its holdings in shares of Ingredion Inc (NYSE:INGR) by 30.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,443 shares of the company’s stock after purchasing an additional 16,086 shares during the period. Gateway Investment Advisers LLC owned about 0.10% of Ingredion worth $9,568,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Toronto Dominion Bank increased its holdings in shares of Ingredion by 10.6% during the second quarter. Toronto Dominion Bank now owns 952 shares of the company’s stock worth $113,000 after buying an additional 91 shares in the last quarter. WFG Advisors LP increased its holdings in shares of Ingredion by 0.4% during the second quarter. WFG Advisors LP now owns 1,373 shares of the company’s stock worth $164,000 after buying an additional 6 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of Ingredion during the third quarter worth approximately $173,000. Csenge Advisory Group acquired a new stake in shares of Ingredion during the third quarter worth approximately $237,000. Finally, EagleClaw Capital Managment LLC acquired a new stake in shares of Ingredion during the second quarter worth approximately $253,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.
In related news, SVP Jorgen Kokke sold 20,674 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $133.00, for a total value of $2,749,642.00. Following the completion of the sale, the senior vice president now owns 23,119 shares of the company’s stock, valued at $3,074,827. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.92% of the company’s stock.
Several analysts have recently weighed in on INGR shares. Stephens raised shares of Ingredion from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 15th. Jefferies Group set a $145.00 price objective on shares of Ingredion and gave the stock a “buy” rating in a report on Sunday, October 29th. Zacks Investment Research raised shares of Ingredion from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Wednesday, November 8th. Credit Suisse Group reissued an “outperform” rating and issued a $145.00 price target (up previously from $140.00) on shares of Ingredion in a report on Thursday, November 2nd. Finally, BidaskClub raised shares of Ingredion from a “sell” rating to a “hold” rating in a report on Friday, October 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Ingredion has an average rating of “Buy” and an average target price of $144.50.
Shares of Ingredion Inc (NYSE INGR) opened at $137.13 on Friday. The company has a quick ratio of 1.53, a current ratio of 2.41 and a debt-to-equity ratio of 0.61. The firm has a market cap of $9,802.39, a P/E ratio of 17.83, a P/E/G ratio of 1.47 and a beta of 0.72. Ingredion Inc has a fifty-two week low of $113.07 and a fifty-two week high of $142.64.
Ingredion (NYSE:INGR) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.17. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.52 billion. Ingredion had a net margin of 8.73% and a return on equity of 20.92%. Ingredion’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 earnings per share. research analysts expect that Ingredion Inc will post 7.73 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Tuesday, January 2nd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Friday, December 29th. Ingredion’s dividend payout ratio is currently 34.38%.
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Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.
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