LSV Asset Management Cuts Holdings in Ingredion Incorporated (NYSE:INGR)

LSV Asset Management decreased its stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,050,249 shares of the company's stock after selling 30,730 shares during the period. LSV Asset Management owned 3.15% of Ingredion worth $282,032,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new position in shares of Ingredion in the 4th quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Ingredion in the fourth quarter valued at about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. increased 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 valued at $31,000 after buying an additional 196 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Ingredion by 32.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock valued at $44,000 after acquiring an additional 79 shares during the last quarter. Finally, Crews Bank & Trust bought a new position in Ingredion in the fourth quarter valued at approximately $48,000. Institutional investors own 85.27% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on INGR shares. UBS Group restated a "neutral" rating and set a $145.00 price objective (down from $165.00) on shares of Ingredion in a research note on Monday, April 7th. StockNews.com downgraded shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. Oppenheimer lowered 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. BMO Capital Markets cut their price target on shares of Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Finally, Stephens reduced their price objective on Ingredion from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Ingredion presently has an average rating of "Moderate Buy" and a consensus target price of $152.60.

Ingredion Trading Down 1.2 %

NYSE INGR traded down $1.58 on Tuesday, hitting $129.68. The company's stock had a trading volume of 80,873 shares, compared to its average volume of 458,084. 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 1-year low of $109.51 and a 1-year high of $155.44. The firm has a market cap of $8.32 billion, a PE ratio of 13.36, a PEG ratio of 1.03 and a beta of 0.72. The company's 50-day moving average is $130.38 and its 200 day moving average is $135.97.

Ingredion (NYSE:INGR - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm posted $1.65 EPS. The company's revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be issued a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $3.20 dividend on an annualized basis and a yield of 2.47%. Ingredion's payout ratio is currently 32.96%.

Insider Activity at Ingredion

In related news, CEO James P. Zallie sold 10,815 shares of Ingredion 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 sale, the chief executive officer now 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by corporate insiders.

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.