5,298 Shares in Ingredion Incorporated (NYSE:INGR) Acquired by Taika Capital LP

Taika Capital LP purchased a new stake in Ingredion Incorporated (NYSE:INGR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,298 shares of the company's stock, valued at approximately $729,000.

Several other institutional investors have also 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 $25,000. AlphaQuest LLC lifted its position in shares of Ingredion by 286.8% during the 4th quarter. AlphaQuest LLC now owns 2,429 shares of the company's stock valued at $334,000 after acquiring an additional 1,801 shares during the period. Machina Capital S.A.S. bought a new stake in shares of Ingredion during the 4th quarter valued at $232,000. Jackson Creek Investment Advisors LLC bought a new stake in shares of Ingredion during the 4th quarter valued at $276,000. Finally, Inceptionr LLC bought a new stake in shares of Ingredion during the 4th quarter valued at $1,025,000. 85.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on INGR. 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. Oppenheimer cut their target price on Ingredion from $178.00 to $167.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. StockNews.com downgraded Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. UBS Group upped their price objective on Ingredion from $165.00 to $173.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, Stephens dropped their price objective on Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Ingredion has an average rating of "Moderate Buy" and a consensus target price of $158.20.

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Ingredion Price Performance

Shares of INGR stock traded down $0.25 on Thursday, hitting $130.29. 640,523 shares of the company's stock were exchanged, compared to its average volume of 606,473. Ingredion Incorporated has a 12 month low of $109.51 and a 12 month high of $155.44. The company has a 50 day moving average of $131.83 and a 200 day moving average of $136.59. 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 stock has a market cap of $8.36 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 1.03 and a beta of 0.75.

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 during the quarter, compared to analysts' expectations of $1.82 billion. During the same quarter in the prior year, the firm earned $1.65 EPS. The business's revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts predict that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders 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 2.46%. Ingredion's payout ratio is presently 32.96%.

Insiders Place Their Bets

In other news, CEO James P. Zallie sold 10,815 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total value of $1,361,392.20. Following the completion of the sale, the chief executive officer now owns 34,127 shares of the company's stock, valued at approximately $4,295,906.76. This represents a 24.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.80% of the company's stock.

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.