SG Americas Securities LLC Lowers Holdings in Ingredion Incorporated (NYSE:INGR)

SG Americas Securities LLC decreased its position in Ingredion Incorporated (NYSE:INGR - Free Report) by 75.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 927 shares of the company's stock after selling 2,883 shares during the quarter. SG Americas Securities LLC's holdings in Ingredion were worth $128,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in INGR. Brookstone Capital Management bought a new position in Ingredion during the third quarter valued at about $213,000. CX Institutional bought a new position in Ingredion during the third quarter valued at about $5,277,000. Creative Planning grew its position in Ingredion by 5.5% during the third quarter. Creative Planning now owns 11,203 shares of the company's stock valued at $1,540,000 after buying an additional 584 shares during the period. ZWJ Investment Counsel Inc. grew its position in Ingredion by 0.6% during the third quarter. ZWJ Investment Counsel Inc. now owns 368,095 shares of the company's stock valued at $50,587,000 after buying an additional 2,057 shares during the period. Finally, Net Worth Advisory Group bought a new position in Ingredion during the third quarter valued at about $614,000. Institutional investors own 85.27% of the company's stock.

Insider Buying and Selling at Ingredion

In other news, CFO James D. Gray sold 54,869 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $146.76, for a total value of $8,052,574.44. Following the transaction, the chief financial officer now owns 12,795 shares in the company, valued at approximately $1,877,794.20. This trade represents a 81.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

INGR has been the subject of several research reports. UBS Group increased their price target on shares of Ingredion from $165.00 to $173.00 and gave the company a "buy" rating in a research report on Friday, November 15th. 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 report on Wednesday, February 5th. StockNews.com downgraded shares of Ingredion from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. BMO Capital Markets dropped their price objective on shares of Ingredion from $147.00 to $133.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Finally, Stephens dropped their price objective on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $154.33.

Ingredion Price Performance

Shares of Ingredion stock traded down $1.55 on Friday, reaching $126.70. The stock had a trading volume of 506,544 shares, compared to its average volume of 568,262. Ingredion Incorporated has a 1 year low of $109.51 and a 1 year high of $155.44. The company has a market cap of $8.26 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 1.04 and a beta of 0.74. 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 business's 50 day moving average is $135.61 and its two-hundred day moving average is $136.39.

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 for 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 business earned $1.65 earnings per share. As a group, research analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Thursday, January 2nd were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Thursday, January 2nd. Ingredion's 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.