Mitsubishi UFJ Trust & Banking Corp Has $2.64 Million Stock Position in Ingredion Incorporated (NYSE:INGR)

Mitsubishi UFJ Trust & Banking Corp cut its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 14.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 19,161 shares of the company's stock after selling 3,343 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Ingredion were worth $2,636,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC grew its position in Ingredion by 1.8% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 4,162 shares of the company's stock worth $572,000 after buying an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Ingredion by 32.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock worth $44,000 after acquiring an additional 79 shares in the last quarter. Mindset Wealth Management LLC grew its holdings in shares of Ingredion by 2.1% in the 4th quarter. Mindset Wealth Management LLC now owns 3,914 shares of the company's stock worth $538,000 after acquiring an additional 82 shares during the last quarter. Transcend Capital Advisors LLC grew its holdings in shares of Ingredion by 2.1% in the 4th quarter. Transcend Capital Advisors LLC now owns 4,318 shares of the company's stock worth $594,000 after acquiring an additional 90 shares during the last quarter. Finally, Truist Financial Corp raised its position in shares of Ingredion by 1.3% during the fourth quarter. Truist Financial Corp now owns 6,854 shares of the company's stock worth $943,000 after purchasing an additional 90 shares during the period. Institutional investors own 85.27% of the company's stock.

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Analyst Ratings Changes

INGR has been the subject of a number of recent analyst reports. Stephens dropped their price target 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. StockNews.com cut shares of Ingredion from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Oppenheimer cut their price target on shares of Ingredion from $178.00 to $167.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Finally, BMO Capital Markets decreased their price objective 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Ingredion currently has an average rating of "Moderate Buy" and an average price target of $158.20.

Insider Transactions at Ingredion

In other news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction that occurred 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 transaction, the chief executive officer now owns 34,127 shares of the company's stock, valued at $4,295,906.76. This trade represents a 24.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Ingredion Stock Down 4.2 %

NYSE:INGR traded down $5.72 on Friday, hitting $130.69. 611,511 shares of the company's stock traded hands, compared to its average volume of 453,271. The company has a market cap of $8.39 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.03 and a beta of 0.71. Ingredion Incorporated has a 1 year low of $109.51 and a 1 year 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 firm has a 50-day moving average price of $131.47 and a 200-day moving average price of $136.47.

Ingredion (NYSE:INGR - Get Free Report) last announced its quarterly earnings data 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 net margin of 8.71% and a return on equity of 18.62%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The firm's revenue was down 6.3% on a year-over-year basis. Equities analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Announces Dividend

The business 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 $0.80 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.45%. Ingredion's dividend payout ratio is currently 32.96%.

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.