Ingredion Incorporated (NYSE:INGR) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in Ingredion Incorporated (NYSE:INGR - Free Report) by 65.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,480 shares of the company's stock after acquiring an additional 6,937 shares during the period. Intech Investment Management LLC's holdings in Ingredion were worth $2,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in INGR. State Street Corp raised its position in Ingredion by 0.8% in the 3rd quarter. State Street Corp now owns 2,436,601 shares of the company's stock valued at $334,862,000 after purchasing an additional 19,560 shares during the last quarter. Pacer Advisors Inc. increased its stake 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. Massachusetts Financial Services Co. MA raised its holdings in shares of Ingredion by 2.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,539,179 shares of the company's stock valued at $211,529,000 after buying an additional 36,421 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Ingredion by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,167,693 shares of the company's stock worth $160,516,000 after buying an additional 19,064 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in shares of Ingredion by 11.9% during the fourth quarter. Allianz Asset Management GmbH now owns 842,763 shares of the company's stock worth $115,930,000 after buying an additional 89,335 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company's stock.

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Insider Buying and Selling

In related 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 value of $1,361,392.20. Following the sale, the chief executive officer now directly owns 34,127 shares in the company, valued at $4,295,906.76. The trade was a 24.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Oppenheimer reduced their price objective on Ingredion from $178.00 to $167.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. StockNews.com cut Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. Stephens lowered 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 report on Wednesday, February 5th. Finally, BMO Capital Markets cut their price objective on shares of Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Ingredion presently has an average rating of "Moderate Buy" and an average target price of $158.20.

Ingredion Price Performance

Shares of Ingredion stock traded down $0.50 during trading on Tuesday, reaching $132.54. The company's stock had a trading volume of 494,259 shares, compared to its average volume of 432,099. The business has a 50 day moving average price of $131.53 and a 200-day moving average price of $136.50. The company has a market capitalization of $8.51 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 1.03 and a beta of 0.75. 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 Incorporated has a 12-month low of $109.51 and a 12-month high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share 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 business had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the prior year, the company posted $1.65 EPS. The business's revenue for the quarter was down 6.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Tuesday, April 1st. Ingredion's dividend payout ratio (DPR) is 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.