Banco de Sabadell S.A lessened its holdings in shares of Ingredion Inc (NYSE:INGR) by 9.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,758 shares of the company’s stock after selling 673 shares during the period. Banco de Sabadell S.A’s holdings in Ingredion were worth $864,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Uncommon Cents Investing LLC bought a new stake in shares of Ingredion during the 4th quarter valued at about $3,065,000. Pzena Investment Management LLC grew its position in Ingredion by 15.2% in the 4th quarter. Pzena Investment Management LLC now owns 3,495 shares of the company’s stock worth $489,000 after purchasing an additional 462 shares during the last quarter. BlackRock Inc. grew its position in Ingredion by 0.3% in the 1st quarter. BlackRock Inc. now owns 7,422,432 shares of the company’s stock worth $956,900,000 after purchasing an additional 21,896 shares during the last quarter. Barings LLC bought a new position in Ingredion in the 4th quarter worth about $2,739,000. Finally, Teacher Retirement System of Texas grew its position in Ingredion by 934.0% in the 4th quarter. Teacher Retirement System of Texas now owns 25,571 shares of the company’s stock worth $3,575,000 after purchasing an additional 23,098 shares during the last quarter. 85.62% of the stock is owned by institutional investors and hedge funds.
NYSE INGR opened at $114.84 on Monday. Ingredion Inc has a 52 week low of $107.77 and a 52 week high of $146.28. The company has a quick ratio of 1.59, a current ratio of 2.52 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.30 and a beta of 0.75.
Ingredion (NYSE:INGR) last posted its quarterly earnings data on Thursday, May 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.05. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Ingredion had a net margin of 8.71% and a return on equity of 19.75%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm posted $1.88 earnings per share. equities analysts expect that Ingredion Inc will post 8 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 25th. Stockholders of record on Monday, July 2nd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Friday, June 29th. Ingredion’s dividend payout ratio (DPR) is presently 31.17%.
Several research analysts have commented on the stock. ValuEngine cut shares of Ingredion from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. Zacks Investment Research upgraded shares of Ingredion from a “sell” rating to a “hold” rating in a research report on Thursday. Credit Suisse Group set a $130.00 target price on shares of Ingredion and gave the stock a “buy” rating in a research report on Friday, May 4th. Citigroup cut shares of Ingredion from a “buy” rating to a “neutral” rating in a research report on Friday, May 4th. Finally, BMO Capital Markets decreased their target price on shares of Ingredion from $125.00 to $115.00 and set a “market perform” rating for the company in a research report on Friday, May 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Ingredion has an average rating of “Hold” and a consensus target price of $137.00.
In other news, Chairman Ilene S. Gordon sold 28,141 shares of the stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $111.33, for a total value of $3,132,937.53. Following the completion of the transaction, the chairman now directly owns 252,255 shares in the company, valued at $28,083,549.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.80% of the company’s stock.
Ingredion Company Profile
Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, glucose and syrup solids, as well as food-grade and industrial starches, and biomaterials.
Want to see what other hedge funds are holding INGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingredion Inc (NYSE:INGR).
Receive News & Ratings for Ingredion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingredion and related companies with MarketBeat.com's FREE daily email newsletter.