Ingredion Incorporated (NYSE:INGR) Shares Bought by Level Four Advisory Services LLC

Level Four Advisory Services LLC grew its stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,428 shares of the company's stock after purchasing an additional 2,210 shares during the quarter. Level Four Advisory Services LLC owned approximately 0.05% of Ingredion worth $4,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. BOK Financial Private Wealth Inc. purchased a new position in Ingredion during the 4th quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Ingredion during the fourth quarter worth approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Ingredion by 653.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company's stock valued at $31,000 after acquiring an additional 196 shares during the period. 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 stake in Ingredion during the 4th quarter worth $48,000. Hedge funds and other institutional investors own 85.27% of the company's stock.

Ingredion Stock Performance

NYSE INGR traded down $1.19 on Wednesday, hitting $134.77. 90,294 shares of the company's stock were exchanged, compared to its average volume of 449,455. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 1.03 and a beta of 0.75. The firm's 50-day moving average price is $131.58 and its two-hundred day moving average price is $136.49. Ingredion Incorporated has a fifty-two week low of $109.51 and a fifty-two week high of $155.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69.

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Ingredion (NYSE:INGR - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, beating analysts' consensus estimates of $2.54 by $0.09. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the company earned $1.65 earnings per share. Ingredion's quarterly revenue was down 6.3% compared to the same quarter last year. On average, research analysts expect 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 2.37%. The ex-dividend date of this dividend is Tuesday, April 1st. Ingredion's dividend payout ratio (DPR) is 32.96%.

Insider Buying and Selling

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the sale, the chief executive officer now owns 34,127 shares in the company, valued at approximately $4,295,906.76. This represents a 24.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company's stock.

Analyst Ratings Changes

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

Ingredion Company 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.