UBS Asset Management Americas Inc. lessened its stake in shares of Ingredion Inc (NYSE:INGR) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 888,410 shares of the company’s stock after selling 25,310 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Ingredion were worth $124,200,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. LSV Asset Management lifted its position in shares of Ingredion by 53.4% during the 4th quarter. LSV Asset Management now owns 2,175,857 shares of the company’s stock worth $304,184,000 after buying an additional 757,380 shares during the period. Victory Capital Management Inc. lifted its position in shares of Ingredion by 22.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,716,234 shares of the company’s stock worth $239,930,000 after buying an additional 319,282 shares during the period. Principal Financial Group Inc. lifted its position in shares of Ingredion by 19.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,215,767 shares of the company’s stock worth $146,670,000 after buying an additional 193,722 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Ingredion by 2.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,156,251 shares of the company’s stock worth $139,491,000 after buying an additional 24,174 shares during the period. Finally, Check Capital Management Inc. CA lifted its position in shares of Ingredion by 98.7% during the 3rd quarter. Check Capital Management Inc. CA now owns 857,289 shares of the company’s stock worth $103,423,000 after buying an additional 425,835 shares during the period. Institutional investors and hedge funds own 86.16% of the company’s stock.
Several equities analysts recently commented on the company. Zacks Investment Research upgraded Ingredion from a “hold” rating to a “buy” rating and set a $158.00 target price for the company in a research report on Wednesday, January 24th. Credit Suisse Group set a $156.00 price objective on Ingredion and gave the company a “buy” rating in a research report on Wednesday, January 10th. Stephens upgraded Ingredion from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 15th. BidaskClub upgraded Ingredion from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Jefferies Group set a $145.00 price objective on Ingredion and gave the company a “buy” rating in a research report on Sunday, October 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $146.00.
In other news, SVP Martin Sonntag sold 14,939 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $135.00, for a total transaction of $2,016,765.00. Following the completion of the sale, the senior vice president now owns 9,875 shares in the company, valued at $1,333,125. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Robert J. Stefansic sold 9,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $129.62, for a total value of $1,166,580.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,541 shares of company stock valued at $5,424,781. Corporate insiders own 1.92% of the company’s stock.
Ingredion Inc (NYSE:INGR) opened at $131.12 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.52 and a quick ratio of 1.66. Ingredion Inc has a 52-week low of $113.42 and a 52-week high of $146.28. The stock has a market capitalization of $9,422.94, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 1.44 and a beta of 0.71.
Ingredion (NYSE:INGR) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.73 earnings per share (EPS) 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 business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the firm posted $1.67 EPS. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. equities research analysts expect that Ingredion Inc will post 8.3 earnings per share for the current 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. The ex-dividend date was Friday, December 29th. This represents a $2.40 annualized dividend and a yield of 1.83%. Ingredion’s payout ratio is 33.95%.
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Ingredion Company Profile
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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