Jupiter Asset Management Ltd. Sells 39,879 Shares of Ingredion Incorporated (NYSE:INGR)

Jupiter Asset Management Ltd. lowered its holdings in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 13.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,615 shares of the company's stock after selling 39,879 shares during the period. Jupiter Asset Management Ltd. owned about 0.38% of Ingredion worth $34,062,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. acquired a new position in Ingredion in the fourth quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Ingredion during the 4th quarter worth approximately $27,000. Prospera Private Wealth LLC acquired a new stake in Ingredion during the 3rd quarter valued at $41,000. EverSource Wealth Advisors LLC raised its position in Ingredion by 32.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock valued at $44,000 after purchasing an additional 79 shares during the last quarter. Finally, Crews Bank & Trust acquired a new position in Ingredion in the fourth quarter worth $48,000. Institutional investors own 85.27% of the company's stock.

Ingredion Stock Down 0.2 %

Shares of INGR stock traded down $0.25 during trading hours on Thursday, hitting $130.29. 640,523 shares of the company were exchanged, compared to its average volume of 606,473. Ingredion Incorporated has a 52 week low of $109.51 and a 52 week 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 business has a 50 day moving average of $131.70 and a two-hundred day moving average of $136.55. The company has a market capitalization of $8.36 billion, a PE ratio of 13.42, a PEG ratio of 1.03 and a beta of 0.75.

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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 (EPS) for the quarter, topping analysts' consensus estimates of $2.54 by $0.09. The firm had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.82 billion. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The company's revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 EPS. Analysts anticipate that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Tuesday, April 1st. Ingredion's dividend payout ratio (DPR) is currently 32.96%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Ingredion

In related news, CEO James P. Zallie sold 10,815 shares of the firm's stock in a transaction on 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 completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.