Dynamic Technology Lab Private Ltd Purchases New Position in Ingredion Incorporated (NYSE:INGR)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,920 shares of the company's stock, valued at approximately $1,502,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Ingredion by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 7,285,705 shares of the company's stock valued at $1,002,222,000 after purchasing an additional 84,863 shares in the last quarter. State Street Corp boosted its holdings in shares of Ingredion by 0.8% in the third quarter. State Street Corp now owns 2,436,601 shares of the company's stock valued at $334,862,000 after buying an additional 19,560 shares during the period. Pacer Advisors Inc. increased its position in shares of Ingredion by 16.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,890,488 shares of the company's stock worth $260,056,000 after acquiring an additional 268,389 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Ingredion by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,182,434 shares of the company's stock worth $162,703,000 after acquiring an additional 14,741 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in Ingredion by 11.9% in the 4th quarter. Allianz Asset Management GmbH now owns 842,763 shares of the company's stock valued at $115,930,000 after acquiring an additional 89,335 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ingredion

In other news, CEO James P. Zallie sold 10,815 shares of the company'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 transaction, the chief executive officer now owns 34,127 shares of the company's stock, valued at approximately $4,295,906.76. This represents a 24.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.80% of the company's stock.

Ingredion Stock Down 1.4 %

Shares of NYSE INGR traded down $1.76 during trading hours on Thursday, hitting $126.34. The company had a trading volume of 163,818 shares, compared to its average volume of 457,288. Ingredion Incorporated has a 1-year low of $109.51 and a 1-year high of $155.44. 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's 50 day moving average is $130.38 and its 200-day moving average is $136.11. The stock has a market capitalization of $8.11 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 1.03 and a beta of 0.72.

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. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the company earned $1.65 earnings per share. The business's revenue for the quarter was down 6.3% compared to the same quarter last year. On average, analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.80 per share. The ex-dividend date is Tuesday, April 1st. This represents a $3.20 dividend on an annualized basis and a yield of 2.53%. Ingredion's dividend payout ratio (DPR) is 32.96%.

Analysts Set New Price Targets

A number of research firms have issued reports on INGR. Oppenheimer lowered 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. Stephens dropped their target price 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. BMO Capital Markets cut their target price on Ingredion from $147.00 to $133.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. UBS Group reaffirmed a "neutral" rating and set a $145.00 price target (down from $165.00) on shares of Ingredion in a research note on Monday. 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 analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Ingredion has an average rating of "Moderate Buy" and a consensus price target of $152.60.

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.