Ingredion Incorporated (NYSE:INGR) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its holdings in Ingredion Incorporated (NYSE:INGR - Free Report) by 32.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,117 shares of the company's stock after buying an additional 9,323 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.06% of Ingredion worth $5,243,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of INGR. BOK Financial Private Wealth Inc. acquired a new position in Ingredion in the fourth quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Ingredion in the 4th quarter valued at about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of 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 purchasing an additional 196 shares during the period. EverSource Wealth Advisors LLC grew its stake in 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 buying an additional 79 shares during the last quarter. Finally, Crews Bank & Trust purchased a new position in Ingredion during the 4th quarter worth approximately $48,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the completion of the transaction, the chief executive officer now directly owns 34,127 shares of the company's stock, valued at approximately $4,295,906.76. The trade was a 24.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by company insiders.

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Wall Street Analyst Weigh In

INGR has been the subject of several research analyst reports. StockNews.com downgraded Ingredion from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. BMO Capital Markets decreased their price target 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. Oppenheimer dropped their price objective on shares of Ingredion from $178.00 to $167.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. UBS Group reiterated a "neutral" rating and set a $145.00 target price (down previously from $165.00) on shares of Ingredion in a research note on Monday. Finally, 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 report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $152.60.

Ingredion Stock Performance

Shares of INGR stock traded down $5.69 during trading hours on Monday, reaching $125.20. 893,798 shares of the company's stock were exchanged, compared to its average volume of 455,029. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. The company's 50 day moving average is $131.25 and its two-hundred day moving average is $136.39. The company has a market cap of $8.04 billion, a P/E ratio of 12.89, a price-to-earnings-growth ratio of 1.03 and a beta of 0.72. Ingredion Incorporated has a 1 year low of $109.51 and a 1 year high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.82 billion. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. Ingredion's revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.65 earnings per share. Equities research analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Tuesday, April 1st. Ingredion's dividend payout ratio is currently 32.96%.

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.