Livforsakringsbolaget Skandia Omsesidigt Raises Stock Holdings in Ingredion Incorporated (NYSE:INGR)

Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 463.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,600 shares of the company's stock after buying an additional 15,300 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Ingredion were worth $2,559,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Ingredion by 1.8% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 4,162 shares of the company's stock valued at $572,000 after buying an additional 74 shares during the last quarter. Signaturefd LLC raised its stake in Ingredion by 5.7% in the 3rd quarter. Signaturefd LLC now owns 1,570 shares of the company's stock valued at $216,000 after acquiring an additional 85 shares during the period. Tidal Investments LLC lifted its holdings in Ingredion by 0.5% during the third quarter. Tidal Investments LLC now owns 19,905 shares of the company's stock valued at $2,720,000 after purchasing an additional 94 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Ingredion by 0.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,383 shares of the company's stock worth $1,427,000 after purchasing an additional 97 shares during the period. Finally, Seelaus Asset Management LLC increased its stake in shares of Ingredion by 3.3% in the third quarter. Seelaus Asset Management LLC now owns 3,285 shares of the company's stock worth $451,000 after purchasing an additional 105 shares in the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

INGR has been the topic of a number of recent research reports. Barclays upped their price target on shares of Ingredion from $145.00 to $168.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Oppenheimer cut their price target on Ingredion from $178.00 to $167.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. BMO Capital Markets decreased their price objective on Ingredion from $147.00 to $133.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. StockNews.com downgraded Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, UBS Group upped their price target on Ingredion from $165.00 to $173.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Ingredion has an average rating of "Moderate Buy" and a consensus target price of $154.33.

Ingredion Price Performance

NYSE INGR traded up $1.12 during trading on Tuesday, reaching $128.68. The company's stock had a trading volume of 386,634 shares, compared to its average volume of 543,572. The stock has a market capitalization of $8.39 billion, a PE ratio of 13.25, a P/E/G ratio of 1.04 and a beta of 0.74. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. The firm has a fifty day moving average of $137.21 and a 200 day moving average of $136.33. Ingredion Incorporated has a one year low of $107.77 and a one year high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share 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 business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the firm posted $1.65 earnings per share. Ingredion's quarterly revenue was down 6.3% on a year-over-year basis. Analysts expect that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Thursday, January 2nd were given a $0.80 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.20 annualized dividend and a yield of 2.49%. Ingredion's dividend payout ratio (DPR) is presently 32.96%.

Insider Buying and Selling at Ingredion

In other news, CFO James D. Gray sold 54,869 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $146.76, for a total value of $8,052,574.44. Following the completion of the sale, the chief financial officer now owns 12,795 shares of the company's stock, valued at approximately $1,877,794.20. This represents a 81.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Larry Fernandes sold 6,122 shares of Ingredion stock in a transaction on Friday, November 15th. The stock was sold at an average price of $140.66, for a total transaction of $861,120.52. Following the completion of the transaction, the senior vice president now owns 29,034 shares in the company, valued at approximately $4,083,922.44. The trade was a 17.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,992 shares of company stock worth $8,913,841 over the last 90 days. Corporate insiders own 1.80% of the company's stock.

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.