Sei Investments Co. boosted its position in shares of Ingredion Inc (NYSE:INGR) by 81.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,031 shares of the company’s stock after purchasing an additional 39,154 shares during the quarter. Sei Investments Co.’s holdings in Ingredion were worth $12,170,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in INGR. Toronto Dominion Bank raised its holdings in Ingredion by 10.6% during the 2nd quarter. Toronto Dominion Bank now owns 952 shares of the company’s stock worth $113,000 after purchasing an additional 91 shares during the last quarter. BB&T Corp raised its holdings in Ingredion by 9.2% during the 3rd quarter. BB&T Corp now owns 45,396 shares of the company’s stock worth $5,476,000 after purchasing an additional 3,824 shares during the last quarter. Aperio Group LLC raised its holdings in Ingredion by 55.4% during the 3rd quarter. Aperio Group LLC now owns 61,568 shares of the company’s stock worth $7,428,000 after purchasing an additional 21,950 shares during the last quarter. Parsec Financial Management Inc. bought a new stake in Ingredion during the 3rd quarter worth about $1,147,000. Finally, Pictet Asset Management Ltd. raised its holdings in Ingredion by 30.4% during the 3rd quarter. Pictet Asset Management Ltd. now owns 33,000 shares of the company’s stock worth $3,982,000 after purchasing an additional 7,700 shares during the last quarter. 86.16% of the stock is owned by hedge funds and other institutional investors.
Shares of Ingredion Inc (NYSE:INGR) opened at $128.03 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.52 and a quick ratio of 1.66. The company has a market capitalization of $9,128.29, a PE ratio of 16.48, a PEG ratio of 1.39 and a beta of 0.71. Ingredion Inc has a 52 week low of $113.42 and a 52 week high of $146.28.
Ingredion (NYSE:INGR) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.01). The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.43 billion. Ingredion had a net margin of 8.63% and a return on equity of 20.42%. The business’s revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company earned $1.67 earnings per share. sell-side analysts predict that Ingredion Inc will post 8.3 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Tuesday, January 2nd were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.87%. Ingredion’s dividend payout ratio (DPR) is presently 33.95%.
In related news, SVP Robert J. Stefansic sold 9,000 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Martin Sonntag sold 14,939 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $135.00, for a total value of $2,016,765.00. Following the completion of the transaction, the senior vice president now owns 9,875 shares of the company’s stock, valued at $1,333,125. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,541 shares of company stock valued at $5,424,781. 1.92% of the stock is currently owned by company insiders.
Several brokerages have weighed in on INGR. Zacks Investment Research cut Ingredion from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. BidaskClub raised Ingredion from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Stephens raised Ingredion from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, November 15th. Credit Suisse Group set a $156.00 price target on Ingredion and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, Jefferies Group set a $145.00 price target on Ingredion and gave the company a “buy” rating in a research note on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Ingredion presently has an average rating of “Hold” and an average price target of $146.00.
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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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