Schroder Investment Management Group Has $19.50 Million Stock Holdings in Ingredion Incorporated (NYSE:INGR)

Schroder Investment Management Group lessened its holdings in Ingredion Incorporated (NYSE:INGR - Free Report) by 19.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 142,196 shares of the company's stock after selling 34,193 shares during the quarter. Schroder Investment Management Group owned 0.22% of Ingredion worth $19,501,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. D.A. Davidson & CO. grew its position in Ingredion by 9.4% in the third quarter. D.A. Davidson & CO. now owns 4,018 shares of the company's stock valued at $552,000 after acquiring an additional 345 shares during the last quarter. Townsquare Capital LLC grew its holdings in shares of Ingredion by 8.8% during the 3rd quarter. Townsquare Capital LLC now owns 5,070 shares of the company's stock valued at $697,000 after purchasing an additional 412 shares during the last quarter. Verition Fund Management LLC increased its position in Ingredion by 92.4% during the 3rd quarter. Verition Fund Management LLC now owns 12,194 shares of the company's stock worth $1,676,000 after purchasing an additional 5,855 shares in the last quarter. Erste Asset Management GmbH bought a new position in Ingredion in the 3rd quarter valued at approximately $673,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of Ingredion during the third quarter worth $1,347,000. Institutional investors own 85.27% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on INGR shares. UBS Group reiterated a "neutral" rating and issued a $145.00 price target (down from $165.00) on shares of Ingredion in a research note on Monday. BMO Capital Markets cut their price target on Ingredion from $147.00 to $133.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. StockNews.com cut Ingredion from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Stephens dropped their price objective on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Finally, Oppenheimer reduced their target price 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $152.60.

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Insider Buying and Selling

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 34,127 shares in the company, valued at approximately $4,295,906.76. This represents a 24.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by insiders.

Ingredion Trading Down 4.3 %

INGR stock traded down $5.69 during trading on Monday, hitting $125.20. The company had a trading volume of 893,798 shares, compared to its average volume of 455,029. The stock has a market cap of $8.04 billion, a PE ratio of 12.89, a PEG ratio of 1.03 and a beta of 0.72. The business has a 50-day moving average of $131.25 and a 200-day moving average of $136.39. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. Ingredion Incorporated has a one year low of $109.51 and a one year high of $155.44.

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

Ingredion Announces Dividend

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