Fuller & Thaler Asset Management Inc. Has $49.68 Million Holdings in Ingredion Incorporated (NYSE:INGR)

Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 536.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 361,153 shares of the company's stock after purchasing an additional 304,421 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 0.55% of Ingredion worth $49,680,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. BOK Financial Private Wealth Inc. purchased a new stake in Ingredion during the fourth quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Ingredion in the 4th quarter valued at approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Ingredion by 653.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company's stock worth $31,000 after purchasing an additional 196 shares during the period. EverSource Wealth Advisors LLC grew its position in Ingredion by 32.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock worth $44,000 after purchasing an additional 79 shares in the last quarter. Finally, Crews Bank & Trust acquired a new stake in Ingredion during the 4th quarter valued at $48,000. 85.27% of the stock is currently owned by institutional investors.

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 dated 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on INGR shares. UBS Group set a $155.00 price target on Ingredion in a report on Tuesday, April 22nd. BMO Capital Markets dropped their target price on Ingredion from $147.00 to $133.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. StockNews.com cut shares of Ingredion from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Stephens dropped their price objective 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. Finally, Oppenheimer decreased their target price on shares of Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Ingredion has an average rating of "Moderate Buy" and a consensus target price of $152.20.

Ingredion Stock Up 0.1 %

INGR stock traded up $0.13 during trading hours on Friday, hitting $130.19. The company's stock had a trading volume of 340,437 shares, compared to its average volume of 462,450. The stock has a 50 day moving average price of $130.79 and a two-hundred day moving average price of $135.62. Ingredion Incorporated has a 12 month low of $111.54 and a 12 month high of $155.44. The company has a market capitalization of $8.37 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 1.03 and a beta of 0.72. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47.

Ingredion (NYSE:INGR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $2.63 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $1.82 billion. During the same period in the prior year, the company posted $1.65 earnings per share. Ingredion's revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities research analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.20 annualized dividend and a yield of 2.46%. Ingredion's dividend payout ratio (DPR) is presently 32.96%.

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.