Hussman Strategic Advisors Inc. Decreases Holdings in Ingredion Incorporated (NYSE:INGR)

Hussman Strategic Advisors Inc. trimmed its stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 50.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,500 shares of the company's stock after selling 10,500 shares during the period. Hussman Strategic Advisors Inc.'s holdings in Ingredion were worth $1,444,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INGR. Patriot Financial Group Insurance Agency LLC grew its position in Ingredion by 1.8% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 4,162 shares of the company's stock worth $572,000 after purchasing an additional 74 shares during the period. Signaturefd LLC boosted its stake in shares of Ingredion by 5.7% in the 3rd quarter. Signaturefd LLC now owns 1,570 shares of the company's stock worth $216,000 after buying an additional 85 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Ingredion by 1.3% in the fourth quarter. Truist Financial Corp now owns 6,854 shares of the company's stock worth $943,000 after acquiring an additional 90 shares during the period. Tidal Investments LLC increased its position in Ingredion by 0.5% during the third quarter. Tidal Investments LLC now owns 19,905 shares of the company's stock valued at $2,720,000 after acquiring an additional 94 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Ingredion by 0.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,383 shares of the company's stock valued at $1,427,000 after acquiring an additional 97 shares during the period. Institutional investors own 85.27% of the company's stock.

Ingredion Price Performance

Shares of INGR traded up $1.71 during mid-day trading on Friday, reaching $128.07. The stock had a trading volume of 695,239 shares, compared to its average volume of 553,166. The business has a fifty day moving average of $134.19 and a 200 day moving average of $136.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.62. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.04 and a beta of 0.74. 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 issued its 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. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. Ingredion's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 EPS. Equities analysts predict that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Thursday, January 2nd were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Thursday, January 2nd. Ingredion's dividend payout ratio (DPR) is presently 32.96%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on INGR. Oppenheimer cut their price target on Ingredion from $178.00 to $167.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. StockNews.com lowered shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Stephens decreased their price target 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. UBS Group boosted their price objective on shares of Ingredion from $165.00 to $173.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Finally, Barclays upped their price objective on Ingredion from $145.00 to $168.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's 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.

Insider Buying and Selling

In other Ingredion news, CFO James D. Gray sold 54,869 shares of Ingredion stock in a transaction on Friday, November 29th. The shares were sold at an average price of $146.76, for a total value of $8,052,574.44. Following the sale, the chief financial officer now directly owns 12,795 shares in the company, valued at approximately $1,877,794.20. The trade was a 81.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James P. Zallie sold 10,815 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the transaction, the chief executive officer now directly owns 34,127 shares of the company's stock, valued at $4,295,906.76. This trade represents a 24.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,685 shares of company stock valued at $9,414,112. Corporate insiders own 1.80% of the company's stock.

Ingredion Company 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.