Alpine Woods Capital Investors LLC Increases Holdings in Ingredion Incorporated (NYSE:INGR)

Alpine Woods Capital Investors LLC grew its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,095 shares of the company's stock after buying an additional 3,304 shares during the quarter. Ingredion makes up about 1.8% of Alpine Woods Capital Investors LLC's investment portfolio, making the stock its 9th largest holding. Alpine Woods Capital Investors LLC owned approximately 0.11% of Ingredion worth $9,642,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. acquired a new stake in Ingredion in the 4th quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Ingredion in the 4th quarter worth approximately $27,000. Prospera Private Wealth LLC acquired a new stake in Ingredion in the 3rd quarter worth approximately $41,000. EverSource Wealth Advisors LLC lifted its holdings in Ingredion by 32.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock worth $44,000 after purchasing an additional 79 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in Ingredion in the 4th quarter worth approximately $48,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total value of $1,361,392.20. Following the sale, the chief executive officer now directly owns 34,127 shares in the company, valued at $4,295,906.76. This represents a 24.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

Several research firms recently weighed in on INGR. Oppenheimer reduced their target price on Ingredion from $178.00 to $167.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. StockNews.com downgraded Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. BMO Capital Markets dropped their price target on Ingredion from $147.00 to $133.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Finally, Stephens dropped their price target on Ingredion from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Ingredion has a consensus rating of "Moderate Buy" and an average target price of $158.20.

Ingredion Stock Performance

NYSE INGR traded down $1.17 during trading on Tuesday, hitting $132.06. The company's stock had a trading volume of 398,659 shares, compared to its average volume of 420,406. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average price of $131.59 and a 200 day moving average price of $136.59. The firm has a market cap of $8.48 billion, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 1.03 and a beta of 0.75. Ingredion Incorporated has a 52 week low of $109.51 and a 52 week high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.54 by $0.09. The business had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.82 billion. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. Ingredion's quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.65 earnings per share. Equities research analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Tuesday, April 1st. Ingredion's dividend payout ratio is presently 32.96%.

About Ingredion

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.