Yacktman Asset Management LP Has $227.65 Million Stock Holdings in Ingredion Incorporated (NYSE:INGR)

Yacktman Asset Management LP trimmed its position in Ingredion Incorporated (NYSE:INGR - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,654,909 shares of the company's stock after selling 189,795 shares during the quarter. Ingredion makes up 2.7% of Yacktman Asset Management LP's portfolio, making the stock its 13th biggest position. Yacktman Asset Management LP owned 2.54% of Ingredion worth $227,649,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in shares of Ingredion by 222.6% during the 3rd quarter. SG Americas Securities LLC now owns 3,810 shares of the company's stock worth $524,000 after buying an additional 2,629 shares during the period. Brookstone Capital Management acquired a new stake in Ingredion during the 3rd quarter worth $213,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Ingredion during the 3rd quarter valued at $453,000. Ritholtz Wealth Management raised its position in shares of Ingredion by 55.3% during the 3rd quarter. Ritholtz Wealth Management now owns 11,333 shares of the company's stock valued at $1,557,000 after acquiring an additional 4,036 shares during the last quarter. Finally, CX Institutional acquired a new position in shares of Ingredion in the 3rd quarter valued at $5,277,000. 85.27% of the stock is owned by institutional investors.

Ingredion Stock Down 1.1 %

INGR stock traded down $1.41 during mid-day trading on Friday, hitting $126.84. 276,729 shares of the company were exchanged, compared to its average volume of 529,087. The firm has a market cap of $8.27 billion, a P/E ratio of 13.09, a P/E/G ratio of 1.04 and a beta of 0.74. 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. The firm's 50 day simple moving average is $136.37 and its 200 day simple moving average is $136.33.

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 business had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.82 billion. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The firm's revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.65 EPS. On average, sell-side analysts predict that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Thursday, January 2nd were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Thursday, January 2nd. Ingredion's dividend payout ratio is presently 32.96%.

Analyst Ratings Changes

INGR has been the subject of a number of analyst reports. UBS Group upped their price objective on Ingredion from $165.00 to $173.00 and gave the company a "buy" rating in a report on Friday, November 15th. StockNews.com cut Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. Oppenheimer reduced their price objective on shares of Ingredion from $178.00 to $167.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Barclays boosted their price objective on shares of Ingredion from $145.00 to $168.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Finally, Stephens cut their target price 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $154.33.

Insider Buying and Selling at Ingredion

In other Ingredion news, CFO James D. Gray sold 54,869 shares of the business's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $146.76, for a total transaction of $8,052,574.44. Following the sale, the chief financial officer now directly owns 12,795 shares of the company's stock, valued at $1,877,794.20. The trade was a 81.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.80% of the company's stock.

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.