CX Institutional Has $27,000 Stock Holdings in Ingredion Incorporated (NYSE:INGR)

CX Institutional cut its holdings in Ingredion Incorporated (NYSE:INGR - Free Report) by 99.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 193 shares of the company's stock after selling 38,203 shares during the quarter. CX Institutional's holdings in Ingredion were worth $27,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Hennessy Advisors Inc. acquired a new stake in shares of Ingredion during the fourth quarter worth $58,642,000. International Assets Investment Management LLC raised its holdings in Ingredion by 55,219.9% during the 3rd quarter. International Assets Investment Management LLC now owns 174,811 shares of the company's stock worth $240,240,000 after buying an additional 174,495 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Ingredion during the third quarter valued at about $17,094,000. Franklin Resources Inc. boosted its holdings in shares of Ingredion by 75.7% in the third quarter. Franklin Resources Inc. now owns 194,295 shares of the company's stock worth $26,109,000 after buying an additional 83,708 shares during the period. Finally, Brandes Investment Partners LP increased its position in shares of Ingredion by 21.3% in the second quarter. Brandes Investment Partners LP now owns 431,339 shares of the company's stock worth $49,477,000 after acquiring an additional 75,754 shares in the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO James D. Gray sold 54,869 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $146.76, for a total value of $8,052,574.44. Following the completion of the sale, the chief financial officer now owns 12,795 shares in the company, valued at $1,877,794.20. This represents a 81.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Larry Fernandes sold 4,700 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $153.41, for a total value of $721,027.00. Following the completion of the transaction, the senior vice president now directly owns 29,034 shares of the company's stock, valued at approximately $4,454,105.94. The trade was a 13.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,692 shares of company stock valued at $9,634,868. Company insiders own 1.80% of the company's stock.

Ingredion Price Performance

Ingredion stock traded down $1.52 during trading hours on Tuesday, hitting $135.06. 556,073 shares of the stock were exchanged, compared to its average volume of 488,216. The stock has a market capitalization of $8.80 billion, a P/E ratio of 13.18, a P/E/G ratio of 1.10 and a beta of 0.75. The business's 50-day moving average is $139.97 and its two-hundred day moving average is $135.51. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.69 and a current ratio of 2.67. Ingredion Incorporated has a 12 month low of $107.40 and a 12 month high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $3.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.58 by $0.47. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company posted $2.33 earnings per share. The firm's quarterly revenue was down 8.0% compared to the same quarter last year. Equities research analysts expect that Ingredion Incorporated will post 10.59 EPS for the current fiscal year.

Ingredion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Thursday, January 2nd were issued a $0.80 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.20 annualized dividend and a yield of 2.37%. Ingredion's dividend payout ratio is currently 31.22%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on INGR. BMO Capital Markets increased their price target on shares of Ingredion from $128.00 to $147.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 6th. Oppenheimer boosted their price target on shares of Ingredion from $147.00 to $178.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Barclays lifted their price objective on Ingredion from $145.00 to $168.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. UBS Group upped their target price on Ingredion from $165.00 to $173.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, Stephens upgraded Ingredion to a "hold" rating in a report on Monday, December 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $155.17.

Ingredion Company 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.