Ingredion Incorporated (NYSE:INGR) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its holdings in Ingredion Incorporated (NYSE:INGR - Free Report) by 15.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,279 shares of the company's stock after purchasing an additional 10,117 shares during the quarter. Teacher Retirement System of Texas owned 0.12% of Ingredion worth $10,355,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. acquired a new position in shares of Ingredion during the 4th quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Ingredion in the 4th quarter worth $27,000. Prospera Private Wealth LLC purchased a new position in Ingredion during the third quarter valued at $41,000. EverSource Wealth Advisors LLC grew its position in shares of Ingredion by 32.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock valued at $44,000 after purchasing an additional 79 shares during the period. Finally, Crews Bank & Trust acquired a new stake in shares of Ingredion in the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 85.27% of the company's stock.

Insider Transactions at Ingredion

In other news, CEO James P. Zallie sold 10,815 shares of the company's stock in a transaction on 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 transaction, the chief executive officer now owns 34,127 shares of the company's stock, valued at $4,295,906.76. This represents a 24.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.80% of the company's stock.

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Ingredion Price Performance

Shares of NYSE:INGR traded up $2.53 during midday trading on Wednesday, hitting $135.01. The company had a trading volume of 462,725 shares, compared to its average volume of 640,753. The business's 50-day simple moving average is $131.53 and its 200-day simple moving average is $136.48. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 1.03 and a beta of 0.75. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. Ingredion Incorporated has a twelve month low of $109.51 and a twelve month high of $155.44.

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. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The company's revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the company earned $1.65 EPS. On average, research analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be paid a $0.80 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $3.20 annualized dividend and a dividend yield of 2.37%. Ingredion's dividend payout ratio (DPR) is 32.96%.

Wall Street Analyst Weigh In

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

Ingredion 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.