Ingredion Incorporated (NYSE:INGR) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in Ingredion Incorporated (NYSE:INGR - Free Report) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 679,027 shares of the company's stock after selling 2,679 shares during the period. Charles Schwab Investment Management Inc. owned about 1.04% of Ingredion worth $93,407,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INGR. Hennessy Advisors Inc. acquired a new stake in shares of Ingredion during the 4th quarter valued at about $58,642,000. Pacer Advisors Inc. grew 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 purchasing an additional 268,389 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Ingredion in the third quarter valued at approximately $17,094,000. Allianz Asset Management GmbH increased its position in shares of Ingredion by 11.9% in the fourth quarter. Allianz Asset Management GmbH now owns 842,763 shares of the company's stock valued at $115,930,000 after buying an additional 89,335 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Ingredion by 75.7% during the 3rd quarter. Franklin Resources Inc. now owns 194,295 shares of the company's stock worth $26,109,000 after buying an additional 83,708 shares during the period. Hedge funds and other institutional investors own 85.27% of the company's stock.

Ingredion Trading Up 0.8 %

NYSE:INGR traded up $1.05 during trading hours on Monday, hitting $136.52. The company had a trading volume of 700,211 shares, compared to its average volume of 596,182. Ingredion Incorporated has a 1 year low of $109.51 and a 1 year high of $155.44. 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 has a 50-day moving average of $132.08 and a 200 day moving average of $136.60. The company has a market cap of $8.76 billion, a P/E ratio of 14.06, a P/E/G ratio of 1.03 and a beta of 0.75.

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

Ingredion Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently commented on INGR. Stephens cut their price target on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. StockNews.com cut shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. UBS Group lifted their price target on Ingredion from $165.00 to $173.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. BMO Capital Markets dropped their price target on Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Finally, Oppenheimer decreased their price objective on Ingredion from $178.00 to $167.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $158.20.

Insider Activity at Ingredion

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total value of $1,361,392.20. Following the sale, the chief executive officer now owns 34,127 shares in the company, valued at $4,295,906.76. The trade was a 24.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.

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.