TFB Advisors LLC Acquires Shares of 3,468 Ingredion Incorporated (NYSE:INGR)

TFB Advisors LLC purchased a new position in Ingredion Incorporated (NYSE:INGR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,468 shares of the company's stock, valued at approximately $477,000.

Other hedge funds also recently bought and sold shares of the company. Hennessy Advisors Inc. purchased a new position in Ingredion during the fourth quarter worth about $58,642,000. Pacer Advisors Inc. raised its position in Ingredion by 16.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,890,488 shares of the company's stock valued at $260,056,000 after purchasing an additional 268,389 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Ingredion by 55,219.9% during the 3rd quarter. International Assets Investment Management LLC now owns 174,811 shares of the company's stock worth $240,240,000 after purchasing an additional 174,495 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new position in Ingredion in the third quarter valued at about $17,094,000. Finally, Franklin Resources Inc. increased its position in shares of Ingredion by 75.7% during the third quarter. Franklin Resources Inc. now owns 194,295 shares of the company's stock valued at $26,109,000 after acquiring an additional 83,708 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company's stock.

Insider Activity

In related news, CFO James D. Gray sold 54,869 shares of the business's stock in a transaction dated Friday, November 29th. The stock was 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 $1,877,794.20. The trade was a 81.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.80% of the company's stock.

Ingredion Stock Down 1.2 %

Shares of NYSE INGR traded down $1.55 during midday trading on Friday, hitting $126.70. 506,544 shares of the company's stock were exchanged, compared to its average volume of 568,262. The firm's fifty day simple moving average is $135.61 and its 200-day simple moving average is $136.48. The company has a market cap of $8.26 billion, a PE ratio of 13.05, a P/E/G ratio of 1.04 and a beta of 0.74. Ingredion Incorporated has a twelve month low of $109.51 and a twelve month high of $155.44. 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 (NYSE:INGR - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, beating analysts' consensus estimates of $2.54 by $0.09. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The company's revenue was down 6.3% on a year-over-year basis. During the same period last year, the firm posted $1.65 EPS. Research analysts predict that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Thursday, January 2nd were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, January 2nd. Ingredion's payout ratio is currently 32.96%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on INGR. BMO Capital Markets cut their target price on Ingredion from $147.00 to $133.00 and set a "market perform" rating on the stock 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. Stephens dropped their price objective on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Barclays raised their price target on shares of Ingredion from $145.00 to $168.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Finally, Oppenheimer decreased 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Ingredion has a consensus rating of "Moderate Buy" and an average price target of $158.20.

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.