Ingredion Incorporated (NYSE:INGR) is Snyder Capital Management L P's 5th Largest Position

Snyder Capital Management L P reduced its position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,196,395 shares of the company's stock after selling 87,849 shares during the period. Ingredion comprises approximately 3.4% of Snyder Capital Management L P's holdings, making the stock its 5th largest holding. Snyder Capital Management L P owned about 1.84% of Ingredion worth $164,576,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. bought a new stake in Ingredion in the 4th quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Ingredion during the fourth quarter valued at approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Ingredion by 653.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company's stock valued at $31,000 after buying an additional 196 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Ingredion by 32.4% during the fourth 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 acquired a new stake in Ingredion in the 4th quarter valued at approximately $48,000. 85.27% of the stock is currently owned by institutional investors.

Insider Transactions at Ingredion

In other 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 transaction, the chief executive officer now owns 34,127 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. StockNews.com cut Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. UBS Group set a $155.00 price target on shares of Ingredion in a research report on Tuesday, April 22nd. Oppenheimer decreased their price objective on shares of Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. BMO Capital Markets cut their target price on Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Finally, Stephens lowered 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $152.20.

Ingredion Price Performance

Ingredion stock traded up $0.13 during mid-day trading on Friday, hitting $130.19. The company's stock had a trading volume of 340,437 shares, compared to its average volume of 462,450. Ingredion Incorporated has a twelve month low of $111.54 and a twelve month high of $155.44. The stock's fifty day moving average price is $130.79 and its two-hundred day moving average price is $135.62. The stock has a market capitalization of $8.37 billion, a P/E ratio of 13.41, a P/E/G ratio of 1.03 and a beta of 0.72. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47.

Ingredion (NYSE:INGR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the previous year, the firm posted $1.65 EPS. The company's quarterly revenue was down 6.3% on a year-over-year basis. Research analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Tuesday, April 1st. 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.