Inceptionr LLC Invests $1.03 Million in Ingredion Incorporated (NYSE:INGR)

Inceptionr LLC purchased a new stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,448 shares of the company's stock, valued at approximately $1,025,000.

A number of other institutional investors have also bought and sold shares of INGR. Assetmark Inc. boosted its position in Ingredion by 38,341.7% during the fourth quarter. Assetmark Inc. now owns 509,352 shares of the company's stock valued at $70,067,000 after acquiring an additional 508,027 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in Ingredion during the fourth quarter valued at $58,642,000. Pacer Advisors Inc. boosted its position in shares of Ingredion by 16.5% during the 4th 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 in the last quarter. Raymond James Financial Inc. bought a new position in shares of Ingredion during the 4th quarter worth about $31,752,000. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Ingredion during the 3rd quarter worth about $17,094,000. Institutional investors own 85.27% of the company's stock.

Ingredion Stock Up 3.4 %

NYSE INGR traded up $4.50 during trading hours on Friday, hitting $135.54. The company's stock had a trading volume of 913,740 shares, compared to its average volume of 593,819. Ingredion Incorporated has a 52 week low of $109.51 and a 52 week high of $155.44. The company has a market capitalization of $8.70 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 1.03 and a beta of 0.75. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The company's 50-day simple moving average is $132.08 and its two-hundred day simple moving average is $136.60.

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Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.54 by $0.09. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The company's revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the business posted $1.65 EPS. Research analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Thursday, January 2nd were paid a $0.80 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.20 annualized dividend and a yield of 2.36%. Ingredion's dividend payout ratio (DPR) is 32.96%.

Insider Buying and Selling at Ingredion

In other news, CEO James P. Zallie sold 10,815 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 34,127 shares in the company, valued at $4,295,906.76. This trade represents a 24.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on INGR. Oppenheimer cut their price objective on shares of 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 cut their price objective on shares of Ingredion from $147.00 to $133.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Stephens dropped 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. StockNews.com cut shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, UBS Group raised their price target 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently 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.