Boston Partners Sells 3,687 Shares of Ingredion Incorporated (NYSE:INGR)

Boston Partners decreased its stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,114 shares of the company's stock after selling 3,687 shares during the period. Boston Partners owned about 0.10% of Ingredion worth $8,681,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BOK Financial Private Wealth Inc. bought a new position in shares of Ingredion in the 4th quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Ingredion in the fourth quarter worth approximately $27,000. Prospera Private Wealth LLC purchased a new position in shares of Ingredion during the 3rd quarter worth $41,000. EverSource Wealth Advisors LLC grew its position in shares of Ingredion by 32.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock valued at $44,000 after acquiring an additional 79 shares during the period. Finally, Crews Bank & Trust purchased a new stake in shares of Ingredion in the 4th quarter worth $48,000. Hedge funds and other institutional investors own 85.27% of the company's stock.

Insider Transactions at Ingredion

In related news, CEO James P. Zallie sold 10,815 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were 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 of the company's stock, valued at approximately $4,295,906.76. This trade represents a 24.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.80% of the company's stock.

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Analyst Ratings Changes

INGR has been the subject of several recent research reports. BMO Capital Markets cut their price target on Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Oppenheimer cut their price objective on Ingredion from $178.00 to $167.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. StockNews.com cut shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, Stephens dropped their price target on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and four have given 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 a consensus price target of $158.20.

Ingredion Price Performance

INGR traded down $0.50 on Tuesday, hitting $132.54. 494,259 shares of the company's stock traded hands, compared to its average volume of 432,099. Ingredion Incorporated has a one year low of $109.51 and a one year high of $155.44. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 1.03 and a beta of 0.75. The company's 50 day simple moving average is $131.53 and its 200-day simple moving average is $136.50.

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 the consensus estimate of $2.54 by $0.09. The firm had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.82 billion. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The company's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 earnings per share. As a group, research analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current 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. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.41%. Ingredion's payout ratio is 32.96%.

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.