Amundi Has $24.20 Million Stock Position in Ingredion Incorporated (NYSE:INGR)

Amundi trimmed its holdings in Ingredion Incorporated (NYSE:INGR - Free Report) by 21.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 181,258 shares of the company's stock after selling 48,848 shares during the quarter. Amundi owned about 0.28% of Ingredion worth $24,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. increased its stake in shares of Ingredion by 38,341.7% in the 4th quarter. Assetmark Inc. now owns 509,352 shares of the company's stock valued at $70,067,000 after buying an additional 508,027 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Ingredion during the fourth quarter valued at $58,642,000. Pacer Advisors Inc. boosted its holdings in Ingredion by 16.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,890,488 shares of the company's stock valued at $260,056,000 after acquiring an additional 268,389 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Ingredion in the fourth quarter worth about $31,752,000. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in Ingredion during the 3rd quarter worth about $17,094,000. Institutional investors and hedge funds own 85.27% of the company's stock.

Ingredion Stock Up 1.5 %

Shares of INGR traded up $2.00 during midday trading on Monday, hitting $133.29. The stock had a trading volume of 423,402 shares, compared to its average volume of 420,518. 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 market cap of $8.56 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 1.03 and a beta of 0.75. Ingredion Incorporated has a twelve month low of $109.51 and a twelve month high of $155.44. The company has a 50 day simple moving average of $131.60 and a two-hundred day simple moving average of $136.59.

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Ingredion (NYSE:INGR - Get Free Report) last released its earnings results 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 for the quarter, compared to analysts' expectations of $1.82 billion. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The business's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.65 EPS. On average, analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $3.20 annualized dividend and a yield of 2.40%. Ingredion's dividend payout ratio (DPR) is presently 32.96%.

Insiders Place Their Bets

In related news, CEO James P. Zallie sold 10,815 shares of the firm'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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

INGR has been the topic of several recent research reports. 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 note on Wednesday, February 5th. BMO Capital Markets reduced 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 note 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, Oppenheimer cut their price target on Ingredion from $178.00 to $167.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $158.20.

About Ingredion

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.