Ingredion Incorporated (NYSE:INGR) Stock Position Decreased by Erste Asset Management GmbH

Erste Asset Management GmbH cut its stake in Ingredion Incorporated (NYSE:INGR - Free Report) by 54.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,250 shares of the company's stock after selling 2,650 shares during the period. Erste Asset Management GmbH's holdings in Ingredion were worth $312,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in INGR. State Street Corp increased its holdings in shares of Ingredion by 0.8% in the 3rd quarter. State Street Corp now owns 2,436,601 shares of the company's stock valued at $334,862,000 after acquiring an additional 19,560 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Ingredion by 16.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,890,488 shares of the company's stock worth $260,056,000 after purchasing an additional 268,389 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Ingredion by 2.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,539,179 shares of the company's stock valued at $211,529,000 after purchasing an additional 36,421 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Ingredion by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,167,693 shares of the company's stock worth $160,516,000 after purchasing an additional 19,064 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in shares of Ingredion by 11.9% in the 4th quarter. Allianz Asset Management GmbH now owns 842,763 shares of the company's stock worth $115,930,000 after buying an additional 89,335 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors.

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Ingredion Stock Performance

INGR traded up $0.36 during trading hours on Wednesday, hitting $132.41. The company's stock had a trading volume of 468,748 shares, compared to its average volume of 420,810. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. Ingredion Incorporated has a fifty-two week low of $109.51 and a fifty-two week high of $155.44. The company has a 50-day simple moving average of $131.57 and a 200 day simple moving average of $136.57. The firm has a market capitalization of $8.50 billion, a PE ratio of 13.64, a PEG ratio of 1.03 and a beta of 0.75.

Ingredion (NYSE:INGR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $2.63 earnings per share for the quarter, beating analysts' consensus estimates of $2.54 by $0.09. The business 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 was down 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.65 earnings per share. As a group, sell-side analysts expect that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be paid 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 2.42%. Ingredion's dividend payout ratio is presently 32.96%.

Insider Buying and Selling

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of the business's stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on INGR shares. StockNews.com lowered shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. Oppenheimer dropped their price target on Ingredion from $178.00 to $167.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. BMO Capital Markets lowered their price objective on Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Finally, Stephens cut their target price on Ingredion from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $158.20.

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.