Skba Capital Management LLC Has $12.47 Million Stock Holdings in Ingredion Incorporated (NYSE:INGR)

Skba Capital Management LLC decreased its holdings in Ingredion Incorporated (NYSE:INGR - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 90,650 shares of the company's stock after selling 5,250 shares during the quarter. Ingredion accounts for about 2.0% of Skba Capital Management LLC's investment portfolio, making the stock its 17th largest position. Skba Capital Management LLC owned approximately 0.14% of Ingredion worth $12,470,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. BOK Financial Private Wealth Inc. acquired a new position in shares of Ingredion in the 4th quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Ingredion in the 4th quarter valued at $27,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Ingredion by 653.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company's stock worth $31,000 after purchasing an additional 196 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 period. Finally, Crews Bank & Trust purchased a new stake in Ingredion during the fourth quarter valued at about $48,000. Institutional investors own 85.27% of the company's stock.

Insider Activity at Ingredion

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of the stock in a transaction on Wednesday, February 19th. The shares were 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 of the company's stock, valued at $4,295,906.76. This represents a 24.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.80% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

INGR has been the topic of several analyst reports. StockNews.com downgraded shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Stephens lowered their price objective on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Oppenheimer reduced their target price on Ingredion from $178.00 to $167.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Finally, BMO Capital Markets lowered their price target on Ingredion from $147.00 to $133.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.20.

Ingredion Stock Down 4.2 %

INGR stock traded down $5.72 during midday trading on Friday, reaching $130.69. The company had a trading volume of 611,511 shares, compared to its average volume of 452,529. The company has a 50 day moving average of $131.47 and a two-hundred day moving average of $136.45. The company has a market capitalization of $8.39 billion, a P/E ratio of 13.46, a PEG ratio of 1.03 and a beta of 0.71. Ingredion Incorporated has a 1 year low of $109.51 and a 1 year high of $155.44. 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 (NYSE:INGR - Get Free Report) last announced 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. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company earned $1.65 earnings per share. Ingredion's quarterly revenue was down 6.3% compared to the same quarter last year. On average, equities research analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The company 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 $0.80 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $3.20 dividend on an annualized basis and a yield of 2.45%. Ingredion's dividend 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.