First Eagle Investment Management LLC Raises Stake in Ingredion Incorporated (NYSE:INGR)

First Eagle Investment Management LLC raised its stake in Ingredion Incorporated (NYSE:INGR - Free Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,901 shares of the company's stock after buying an additional 3,248 shares during the period. First Eagle Investment Management LLC owned about 0.17% of Ingredion worth $15,393,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. 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 worth $334,862,000 after buying an additional 19,560 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Ingredion by 16.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,890,488 shares of the company's stock worth $260,056,000 after buying an additional 268,389 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Ingredion by 2.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,539,179 shares of the company's stock worth $211,529,000 after buying an additional 36,421 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Ingredion by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,167,693 shares of the company's stock worth $160,516,000 after buying an additional 19,064 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings 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. Institutional investors own 85.27% of the company's stock.

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Insider Transactions at Ingredion

In other news, CEO James P. Zallie sold 10,815 shares of the firm'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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.80% of the company's stock.

Ingredion Trading Down 0.9 %

INGR traded down $1.17 during trading on Tuesday, hitting $132.06. 398,659 shares of the stock traded hands, compared to its average volume of 420,406. The firm has a market capitalization of $8.48 billion, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 1.03 and a beta of 0.75. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. The firm has a 50-day moving average of $131.59 and a 200 day moving average of $136.59. Ingredion Incorporated has a 12-month low of $109.51 and a 12-month high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.09. The business had revenue of $1.80 billion during 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 firm's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.65 EPS. Equities research analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 2.42%. Ingredion's payout ratio is currently 32.96%.

Analyst Ratings Changes

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