Ingredion Incorporated (NYSE:INGR) Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. cut its position in Ingredion Incorporated (NYSE:INGR - Free Report) by 18.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 87,985 shares of the company's stock after selling 19,589 shares during the period. Heartland Advisors Inc. owned about 0.14% of Ingredion worth $12,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of INGR. BOK Financial Private Wealth Inc. bought a new position in shares of Ingredion during the 4th quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Ingredion during the 4th quarter valued at about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Ingredion by 653.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company's stock worth $31,000 after purchasing an additional 196 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Ingredion by 32.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock worth $44,000 after purchasing an additional 79 shares during the last quarter. Finally, Crews Bank & Trust purchased a new position in shares of Ingredion during the fourth quarter valued at approximately $48,000. 85.27% of the stock is currently owned by institutional investors.

Ingredion Stock Up 1.0 %

Shares of Ingredion stock traded up $1.31 during trading on Tuesday, reaching $135.72. The company's stock had a trading volume of 107,817 shares, compared to its average volume of 449,495. Ingredion Incorporated has a 1-year low of $109.51 and a 1-year high of $155.44. The company has a 50-day simple moving average of $131.59 and a two-hundred day simple moving average of $136.48. 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 company has a market cap of $8.71 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 1.03 and a beta of 0.75.

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Ingredion (NYSE:INGR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share for the quarter, topping 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 business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the company earned $1.65 earnings per share. The company's quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

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

Analysts Set New Price Targets

INGR has been the topic of several recent analyst reports. Oppenheimer reduced 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. StockNews.com downgraded Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. BMO Capital Markets cut their price target 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. Finally, 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 research report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Ingredion presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.20.

Insiders Place Their Bets

In other news, CEO James P. Zallie sold 10,815 shares of the company's stock in a transaction on 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 of the company's stock, valued at $4,295,906.76. This represents a 24.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by insiders.

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.