Alambic Investment Management L.P. lowered its holdings in shares of Ingredion Inc (NYSE:INGR) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,580 shares of the company’s stock after selling 1,550 shares during the period. Alambic Investment Management L.P.’s holdings in Ingredion were worth $1,619,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the business. LSV Asset Management increased its holdings in Ingredion by 53.4% during the fourth quarter. LSV Asset Management now owns 2,175,857 shares of the company’s stock valued at $304,184,000 after buying an additional 757,380 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Ingredion by 87.3% during the third quarter. Victory Capital Management Inc. now owns 1,396,952 shares of the company’s stock worth $168,528,000 after acquiring an additional 651,035 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Ingredion by 2,439.2% during the fourth quarter. Bessemer Group Inc. now owns 528,075 shares of the company’s stock worth $73,824,000 after acquiring an additional 507,278 shares during the last quarter. Check Capital Management Inc. CA boosted its position in shares of Ingredion by 98.7% during the third quarter. Check Capital Management Inc. CA now owns 857,289 shares of the company’s stock worth $103,423,000 after acquiring an additional 425,835 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Ingredion by 2,022.8% during the second quarter. Janus Henderson Group PLC now owns 299,848 shares of the company’s stock valued at $35,744,000 after purchasing an additional 285,723 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.
Ingredion Inc (INGR) opened at $129.47 on Tuesday. The stock has a market capitalization of $9,198.00, a P/E ratio of 18.31, a P/E/G ratio of 1.40 and a beta of 0.71. Ingredion Inc has a fifty-two week low of $113.42 and a fifty-two week high of $146.28. The company has a quick ratio of 1.66, a current ratio of 2.52 and a debt-to-equity ratio of 0.60.
Ingredion (NYSE:INGR) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.74 by ($0.01). Ingredion had a net margin of 8.63% and a return on equity of 20.42%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the company posted $1.67 earnings per share. Ingredion’s revenue was up 24.2% compared to the same quarter last year. equities analysts anticipate that Ingredion Inc will post 8.3 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Tuesday, January 2nd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.85%. The ex-dividend date was Friday, December 29th. Ingredion’s payout ratio is 33.95%.
Several brokerages have recently weighed in on INGR. Zacks Investment Research raised shares of Ingredion from a “hold” rating to a “buy” rating and set a $158.00 target price on the stock in a research note on Wednesday, January 24th. Credit Suisse Group set a $156.00 target price on shares of Ingredion and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Stephens raised shares of Ingredion from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 15th. BidaskClub raised shares of Ingredion from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, Jefferies Group set a $145.00 target price on shares of Ingredion and gave the stock a “buy” rating in a research note on Sunday, October 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Ingredion presently has a consensus rating of “Hold” and a consensus price target of $146.00.
In other Ingredion news, SVP Martin Sonntag sold 16,602 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $135.01, for a total value of $2,241,436.02. Following the completion of the transaction, the senior vice president now owns 9,875 shares in the company, valued at $1,333,223.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jorgen Kokke sold 20,674 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now owns 23,119 shares of the company’s stock, valued at approximately $3,074,827. The disclosure for this sale can be found here. Insiders sold 52,215 shares of company stock valued at $7,007,843 in the last quarter. 1.92% of the stock is currently owned by company insiders.
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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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