Ingredion Incorporated (NYSE:INGR) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP lessened its stake in Ingredion Incorporated (NYSE:INGR - Free Report) by 20.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 791,384 shares of the company's stock after selling 207,329 shares during the quarter. Cooke & Bieler LP owned about 1.21% of Ingredion worth $108,863,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in INGR. Assetmark Inc. boosted its holdings 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 purchasing an additional 508,027 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Ingredion during the 4th quarter valued at $58,642,000. Pacer Advisors Inc. lifted its holdings 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 valued at $260,056,000 after acquiring an additional 268,389 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Ingredion during the 4th quarter valued at $31,752,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Ingredion during the 3rd quarter valued at $17,094,000. Institutional investors and hedge funds own 85.27% of the company's stock.

Ingredion Price Performance

INGR opened at $136.52 on Tuesday. The company has a 50-day moving average of $132.06 and a 200-day moving average of $136.64. The company has a market capitalization of $8.76 billion, a P/E ratio of 14.06, a PEG ratio of 1.03 and a beta of 0.75. Ingredion Incorporated has a 1-year low of $109.51 and a 1-year high of $155.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.62.

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Ingredion (NYSE:INGR - Get Free Report) last released 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. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the firm earned $1.65 EPS. The company's revenue was down 6.3% on a year-over-year basis. Equities analysts expect that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Thursday, January 2nd were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, January 2nd. Ingredion's dividend payout ratio is presently 32.96%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BMO Capital Markets reduced their target price 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. Stephens cut their price objective on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. StockNews.com lowered shares of Ingredion from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. 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 report on Wednesday, February 5th. Finally, UBS Group boosted their price objective on shares of Ingredion from $165.00 to $173.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Two research 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 company presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.20.

Insider Activity at Ingredion

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

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.

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