Fox Run Management L.L.C. Buys 2,904 Shares of Ingredion Incorporated (NYSE:INGR)

Fox Run Management L.L.C. lifted its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 103.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,718 shares of the company's stock after buying an additional 2,904 shares during the period. Fox Run Management L.L.C.'s holdings in Ingredion were worth $787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INGR. Orion Portfolio Solutions LLC boosted its position in shares of Ingredion by 195.2% in the third quarter. Orion Portfolio Solutions LLC now owns 11,608 shares of the company's stock worth $1,595,000 after acquiring an additional 7,676 shares during the last quarter. State Street Corp increased its stake 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 worth $334,862,000 after buying an additional 19,560 shares during the last quarter. Franklin Resources Inc. grew its holdings in Ingredion by 75.7% during the 3rd quarter. Franklin Resources Inc. now owns 194,295 shares of the company's stock worth $26,109,000 after acquiring an additional 83,708 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Ingredion by 1.5% during the third quarter. Principal Financial Group Inc. now owns 725,374 shares of the company's stock worth $99,683,000 after purchasing an additional 10,812 shares during the last quarter. Finally, Fractal Investments LLC acquired a new stake in Ingredion during the fourth quarter valued at approximately $344,000. 85.27% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction dated 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 in the company, valued at $4,295,906.76. The trade was a 24.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.80% of the stock is owned by company insiders.

Ingredion Trading Up 0.3 %

NYSE:INGR traded up $0.46 on Thursday, hitting $135.50. 83,214 shares of the stock were exchanged, compared to its average volume of 631,063. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 1.03 and a beta of 0.75. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.62. Ingredion Incorporated has a 52 week low of $109.51 and a 52 week high of $155.44. The company's 50-day moving average price is $131.57 and its 200 day moving average price is $136.47.

Ingredion (NYSE:INGR - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $2.54 by $0.09. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the business earned $1.65 EPS. The business's quarterly revenue was down 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Tuesday, April 1st. Ingredion's dividend payout ratio (DPR) is currently 32.96%.

Wall Street Analysts Forecast Growth

INGR has been the subject of a number of research analyst reports. StockNews.com downgraded Ingredion from a "strong-buy" rating to a "buy" rating in a report 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 report on Wednesday, February 5th. BMO Capital Markets decreased their price target on shares of Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Finally, Stephens reduced their target price on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently 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.