Ingredion Incorporated (NYSE:INGR) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP lessened its stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 14.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,844,704 shares of the company's stock after selling 319,095 shares during the period. Ingredion accounts for about 2.6% of Yacktman Asset Management LP's portfolio, making the stock its 14th largest position. Yacktman Asset Management LP owned approximately 2.81% of Ingredion worth $253,518,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its stake in Ingredion by 21.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 7,823 shares of the company's stock valued at $914,000 after buying an additional 1,403 shares during the last quarter. WBI Investments LLC bought a new stake in Ingredion in the first quarter worth $483,000. Texas Permanent School Fund Corp raised its holdings in shares of Ingredion by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 57,062 shares of the company's stock valued at $6,668,000 after acquiring an additional 746 shares in the last quarter. Empowered Funds LLC bought a new stake in Ingredion during the 1st quarter valued at approximately $1,812,000. Finally, Oppenheimer & Co. Inc. grew its stake in Ingredion by 1.7% in the first quarter. Oppenheimer & Co. Inc. now owns 17,353 shares of the company's stock worth $2,028,000 after purchasing an additional 296 shares during the period. Institutional investors and hedge funds own 85.27% of the company's stock.

Ingredion Stock Up 15.5 %

Shares of INGR stock traded up $20.82 during mid-day trading on Tuesday, hitting $154.86. The stock had a trading volume of 1,439,795 shares, compared to its average volume of 375,032. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.52 and a quick ratio of 1.51. The firm's 50-day moving average is $134.76 and its two-hundred day moving average is $124.46. The firm has a market capitalization of $10.08 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 1.21 and a beta of 0.73. Ingredion Incorporated has a 12-month low of $95.07 and a 12-month high of $154.87.

Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.53 by $0.34. Ingredion had a net margin of 8.47% and a return on equity of 17.18%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the business posted $2.32 EPS. The company's quarterly revenue was down 9.2% compared to the same quarter last year. On average, analysts predict that Ingredion Incorporated will post 10.05 earnings per share for the current fiscal year.

Ingredion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.07%. The ex-dividend date was Tuesday, October 1st. This is a positive change from Ingredion's previous quarterly dividend of $0.78. Ingredion's payout ratio is 32.72%.

Wall Street Analyst Weigh In

INGR has been the subject of several recent research reports. BMO Capital Markets lifted their target price on shares of Ingredion from $120.00 to $128.00 and gave the company a "market perform" rating in a report on Wednesday, August 7th. Barclays upgraded shares of Ingredion from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $122.00 to $145.00 in a research note on Friday, August 9th. UBS Group upped their price objective on Ingredion from $141.00 to $148.00 and gave the stock a "buy" rating in a report on Thursday, August 15th. Oppenheimer increased their price target on shares of Ingredion from $138.00 to $147.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Finally, StockNews.com cut shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.83.

Insider Buying and Selling at Ingredion

In other Ingredion news, CEO James P. Zallie sold 1,300 shares of Ingredion stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $134.03, for a total value of $174,239.00. Following the transaction, the chief executive officer now directly owns 52,530 shares of the company's stock, valued at approximately $7,040,595.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO James P. Zallie sold 1,300 shares of the business's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $134.03, for a total transaction of $174,239.00. Following the sale, the chief executive officer now owns 52,530 shares in the company, valued at approximately $7,040,595.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James P. Zallie sold 1,000 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $134.02, for a total transaction of $134,020.00. Following the transaction, the chief executive officer now owns 52,530 shares in the company, valued at approximately $7,040,070.60. 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 25,356 shares of company stock valued at $3,400,709. 1.80% of the stock is currently owned by insiders.

About Ingredion

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.