Landscape Capital Management L.L.C. Invests $525,000 in Ingredion Incorporated (NYSE:INGR)

Landscape Capital Management L.L.C. acquired a new stake in Ingredion Incorporated (NYSE:INGR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,822 shares of the company's stock, valued at approximately $525,000.

A number of other institutional investors and hedge funds have also made changes to their positions in INGR. Advisors Asset Management Inc. raised its position in shares of Ingredion by 11.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 29,153 shares of the company's stock worth $4,006,000 after purchasing an additional 2,988 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in Ingredion during the 3rd quarter worth approximately $41,000. Belmont Capital LLC acquired a new position in shares of Ingredion during the third quarter valued at approximately $161,000. Quest Partners LLC purchased a new position in shares of Ingredion in the third quarter valued at approximately $86,000. Finally, AMG National Trust Bank boosted its stake in shares of Ingredion by 3.4% in the third quarter. AMG National Trust Bank now owns 11,220 shares of the company's stock worth $1,542,000 after acquiring an additional 364 shares during the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on INGR shares. StockNews.com lowered Ingredion from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 7th. UBS Group raised their price target on shares of Ingredion from $165.00 to $173.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Oppenheimer upped their price objective on shares of Ingredion from $147.00 to $178.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. BMO Capital Markets raised their target price on shares of Ingredion from $128.00 to $147.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 6th. Finally, Barclays upped their price target on Ingredion from $145.00 to $168.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Ingredion has a consensus rating of "Moderate Buy" and a consensus price target of $155.17.

Ingredion Trading Up 1.5 %

NYSE:INGR traded up $2.11 on Friday, hitting $146.47. The stock had a trading volume of 528,312 shares, compared to its average volume of 524,146. The company has a fifty day moving average price of $138.33 and a two-hundred day moving average price of $127.58. Ingredion Incorporated has a 1-year low of $100.90 and a 1-year high of $155.44. The company has a quick ratio of 1.69, a current ratio of 2.67 and a debt-to-equity ratio of 0.44. The stock has a market cap of $9.54 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 1.24 and a beta of 0.73.

Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.05 EPS for the quarter, beating analysts' consensus estimates of $2.58 by $0.47. The firm had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.94 billion. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. The firm's quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.33 earnings per share. Equities research analysts expect that Ingredion Incorporated will post 10.6 earnings per share for the current fiscal year.

Ingredion Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.18%. This is an increase from Ingredion's previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Tuesday, October 1st. Ingredion's dividend payout ratio (DPR) is presently 31.22%.

Insider Activity at Ingredion

In related news, CEO James P. Zallie sold 371 shares of Ingredion stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $133.58, for a total value of $49,558.18. Following the completion of the sale, the chief executive officer now owns 52,159 shares in the company, valued at approximately $6,967,399.22. This trade represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Larry Fernandes sold 4,700 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $153.41, for a total value of $721,027.00. Following the transaction, the senior vice president now owns 29,034 shares in the company, valued at $4,454,105.94. This trade represents a 13.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,178 shares of company stock worth $4,982,857. Company insiders own 1.80% of the company's stock.

Ingredion Profile

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.