BI Asset Management Fondsmaeglerselskab A S Has $7.66 Million Stake in Ingredion Incorporated (NYSE:INGR)

BI Asset Management Fondsmaeglerselskab A S increased its position in Ingredion Incorporated (NYSE:INGR - Free Report) by 519.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,717 shares of the company's stock after acquiring an additional 46,726 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned about 0.09% of Ingredion worth $7,664,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. increased its holdings in shares of Ingredion by 75.7% during the 3rd quarter. Franklin Resources Inc. now owns 194,295 shares of the company's stock worth $26,109,000 after purchasing an additional 83,708 shares during the period. Principal Financial Group Inc. lifted its position in shares of Ingredion by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 725,374 shares of the company's stock worth $99,683,000 after acquiring an additional 10,812 shares during the period. Magnetar Financial LLC grew its holdings in shares of Ingredion by 606.2% during the 4th quarter. Magnetar Financial LLC now owns 38,023 shares of the company's stock worth $5,230,000 after purchasing an additional 32,639 shares in the last quarter. Fractal Investments LLC bought a new stake in shares of Ingredion during the fourth quarter valued at approximately $344,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Ingredion by 13.2% in the third quarter. JPMorgan Chase & Co. now owns 305,827 shares of the company's stock valued at $42,030,000 after purchasing an additional 35,657 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company's stock.

Analyst Upgrades and Downgrades

INGR has been the subject of a number of recent research reports. Stephens dropped their price objective on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. BMO Capital Markets cut their price target on shares of Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Oppenheimer lowered their price objective on Ingredion from $167.00 to $155.00 and set an "outperform" rating on the stock in a research note on Tuesday. StockNews.com downgraded Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, UBS Group reiterated a "neutral" rating and set a $145.00 price objective (down from $165.00) on shares of Ingredion in a research note on Monday, April 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $150.20.

Ingredion Trading Up 1.7 %

Shares of INGR stock traded up $2.17 on Tuesday, reaching $130.58. 327,516 shares of the stock were exchanged, compared to its average volume of 459,878. The stock has a 50 day moving average price of $130.56 and a 200 day moving average price of $135.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. The stock has a market cap of $8.40 billion, a PE ratio of 13.45, a P/E/G ratio of 1.03 and a beta of 0.72. Ingredion Incorporated has a one year low of $111.54 and a one year high of $155.44.

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

Ingredion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Tuesday, April 1st. Ingredion's dividend payout ratio is currently 32.96%.

Insider Buying and Selling at Ingredion

In related news, CEO James P. Zallie sold 10,815 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 34,127 shares in the company, valued at approximately $4,295,906.76. The trade was a 24.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.80% of the company's stock.

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.