Dimensional Fund Advisors LP Decreases Position in Ingredion Incorporated (NYSE:INGR)

Dimensional Fund Advisors LP cut its stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,578,296 shares of the company's stock after selling 81,189 shares during the period. Dimensional Fund Advisors LP owned about 3.96% of Ingredion worth $354,669,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. purchased a new position in Ingredion during the fourth quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Ingredion in the fourth quarter valued at approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Ingredion by 653.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company's stock valued at $31,000 after acquiring an additional 196 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 buying an additional 79 shares during the last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of Ingredion during the 4th quarter worth approximately $48,000. 85.27% of the stock is owned by hedge funds and other institutional investors.

Ingredion Stock Down 0.2 %

NYSE INGR traded down $0.29 during trading hours on Thursday, reaching $129.93. 371,749 shares of the company's stock traded hands, compared to its average volume of 461,233. The firm has a market cap of $8.35 billion, a PE ratio of 13.38, a PEG ratio of 1.03 and a beta of 0.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. Ingredion Incorporated has a 52-week low of $111.54 and a 52-week high of $155.44. The firm has a 50-day simple moving average of $130.63 and a 200 day simple moving average of $135.66.

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

Ingredion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.20 annualized dividend and a yield of 2.46%. Ingredion's payout ratio is 32.96%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on INGR. UBS Group set a $155.00 price target on shares of Ingredion in a research report on Tuesday. BMO Capital Markets lowered their target price on shares of Ingredion from $147.00 to $133.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Oppenheimer decreased their price target on shares of Ingredion from $167.00 to $155.00 and set an "outperform" rating on the stock in a report on Tuesday. Stephens lowered their price target on Ingredion from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Finally, StockNews.com lowered shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $152.20.

Insider Activity at Ingredion

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of the firm'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 transaction of $1,361,392.20. Following the completion of the transaction, the chief executive officer now owns 34,127 shares in the company, valued at $4,295,906.76. This trade represents a 24.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by corporate insiders.

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.