Ingredion Incorporated (NYSE:INGR) Holdings Cut by Martin Capital Partners LLC

Martin Capital Partners LLC cut its stake in Ingredion Incorporated (NYSE:INGR - Free Report) by 61.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,799 shares of the company's stock after selling 2,819 shares during the period. Martin Capital Partners LLC's holdings in Ingredion were worth $247,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of INGR. Patriot Financial Group Insurance Agency LLC lifted its holdings 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 purchasing an additional 74 shares in the last quarter. Signaturefd LLC grew its stake in shares of Ingredion by 5.7% in the third quarter. Signaturefd LLC now owns 1,570 shares of the company's stock valued at $216,000 after buying an additional 85 shares in the last quarter. Tidal Investments LLC grew its position in shares of Ingredion by 0.5% in the 3rd quarter. Tidal Investments LLC now owns 19,905 shares of the company's stock valued at $2,720,000 after acquiring an additional 94 shares during the period. Wealth Enhancement Advisory Services LLC increased 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 buying an additional 97 shares during the last quarter. Finally, Seelaus Asset Management LLC increased its holdings in shares of Ingredion by 3.3% during the 3rd quarter. Seelaus Asset Management LLC now owns 3,285 shares of the company's stock worth $451,000 after acquiring an additional 105 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors.

Insider Activity at Ingredion

In related news, CFO James D. Gray sold 54,869 shares of the company's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $146.76, for a total value of $8,052,574.44. Following the transaction, the chief financial officer now directly owns 12,795 shares of the company's stock, valued at $1,877,794.20. This represents a 81.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Larry Fernandes sold 6,122 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $140.66, for a total value of $861,120.52. Following the sale, the senior vice president now directly owns 29,034 shares in the company, valued at $4,083,922.44. This represents a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,992 shares of company stock worth $8,913,841. Company insiders own 1.80% of the company's stock.

Analyst Ratings Changes

INGR has been the topic of several recent analyst reports. UBS Group raised their target price on shares of Ingredion from $165.00 to $173.00 and gave the company a "buy" rating in a report on Friday, November 15th. Stephens lowered their price objective on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday. BMO Capital Markets reduced their target price on Ingredion from $147.00 to $133.00 and set a "market perform" rating on the stock in a report on Wednesday. Barclays boosted their price target on Ingredion from $145.00 to $168.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Finally, Oppenheimer decreased their target price on Ingredion from $178.00 to $167.00 and set an "outperform" rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Ingredion currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.33.

Ingredion Stock Up 0.3 %

Shares of NYSE INGR traded up $0.44 during mid-day trading on Friday, hitting $127.83. 417,546 shares of the stock traded hands, compared to its average volume of 568,262. The stock has a fifty day moving average price of $137.62 and a 200-day moving average price of $136.03. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 1.04 and a beta of 0.74. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.62. Ingredion Incorporated has a 52 week low of $107.77 and a 52 week high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.09. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The business's revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.65 earnings per share. Research analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Thursday, January 2nd were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Thursday, January 2nd. Ingredion's dividend payout ratio is presently 32.96%.

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.