International Assets Investment Management LLC Increases Stock Holdings in Ingredion Incorporated (NYSE:INGR)

International Assets Investment Management LLC increased its holdings in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 55,219.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,811 shares of the company's stock after purchasing an additional 174,495 shares during the period. International Assets Investment Management LLC owned approximately 0.27% of Ingredion worth $240,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INGR. Dimensional Fund Advisors LP grew its stake in shares of Ingredion by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,685,339 shares of the company's stock worth $308,009,000 after purchasing an additional 125,543 shares during the period. Pacer Advisors Inc. grew its position in Ingredion by 92.4% during the second quarter. Pacer Advisors Inc. now owns 1,764,012 shares of the company's stock valued at $202,332,000 after buying an additional 846,967 shares during the period. Cooke & Bieler LP increased its holdings in Ingredion by 2.7% in the second quarter. Cooke & Bieler LP now owns 1,018,002 shares of the company's stock valued at $116,765,000 after buying an additional 27,087 shares in the last quarter. Equity Investment Corp raised its position in shares of Ingredion by 2.8% in the second quarter. Equity Investment Corp now owns 978,636 shares of the company's stock worth $112,250,000 after acquiring an additional 26,526 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Ingredion by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 759,588 shares of the company's stock worth $87,125,000 after acquiring an additional 17,062 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Price Performance

INGR stock traded down $0.59 during mid-day trading on Friday, reaching $135.00. The company's stock had a trading volume of 280,577 shares, compared to its average volume of 372,733. The company has a current ratio of 2.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47. The company's 50 day moving average is $134.52 and its two-hundred day moving average is $123.22. Ingredion Incorporated has a fifty-two week low of $91.60 and a fifty-two week high of $138.37. The stock has a market cap of $8.86 billion, a PE ratio of 13.58, a P/E/G ratio of 1.22 and a beta of 0.72.

Ingredion (NYSE:INGR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $2.87 EPS for the quarter, topping analysts' consensus estimates of $2.53 by $0.34. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.98 billion. Ingredion had a return on equity of 17.18% and a net margin of 8.47%. The firm's revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.32 earnings per share. Equities research analysts expect that Ingredion Incorporated will post 9.95 EPS for the current year.

Ingredion Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were issued a $0.80 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.37%. This is a positive change from Ingredion's previous quarterly dividend of $0.78. Ingredion's dividend payout ratio is currently 32.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays upgraded Ingredion from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $122.00 to $145.00 in a research report on Friday, August 9th. UBS Group upped their price objective on shares of Ingredion from $141.00 to $148.00 and gave the stock a "buy" rating in a research report on Thursday, August 15th. Oppenheimer lifted their target price on shares of Ingredion from $138.00 to $147.00 and gave the company an "outperform" rating in a research report on Monday. StockNews.com downgraded shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, August 7th. Finally, BMO Capital Markets lifted their price objective on Ingredion from $120.00 to $128.00 and gave the stock a "market perform" rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $138.83.

Insider Buying and Selling

In related news, CEO James P. Zallie sold 22,550 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $134.14, for a total value of $3,024,857.00. Following the completion of the transaction, the chief executive officer now directly owns 52,530 shares in the company, valued at approximately $7,046,374.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Ingredion news, SVP Robert A. Ritchie sold 1,195 shares of the company's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $125.00, for a total value of $149,375.00. Following the transaction, the senior vice president now owns 15,906 shares of the company's stock, valued at $1,988,250. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO James P. Zallie sold 22,550 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $134.14, for a total transaction of $3,024,857.00. Following the transaction, the chief executive officer now directly owns 52,530 shares of the company's stock, valued at approximately $7,046,374.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,551 shares of company stock worth $3,550,084. Insiders own 1.80% of the company's stock.

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.