11,631 Shares in Ingredion Incorporated (NYSE:INGR) Bought by Trust Investment Advisors

Trust Investment Advisors purchased a new stake in shares of Ingredion Incorporated (NYSE:INGR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,631 shares of the company's stock, valued at approximately $1,600,000. Ingredion accounts for 1.0% of Trust Investment Advisors' portfolio, making the stock its 29th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INGR. Quest Partners LLC acquired a new stake in Ingredion during the 3rd quarter worth approximately $86,000. Cerity Partners LLC increased its position in shares of Ingredion by 3.9% in the third quarter. Cerity Partners LLC now owns 18,691 shares of the company's stock worth $2,569,000 after acquiring an additional 694 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Ingredion by 9.4% in the 3rd quarter. D.A. Davidson & CO. now owns 4,018 shares of the company's stock valued at $552,000 after acquiring an additional 345 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Ingredion by 33.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 49,237 shares of the company's stock valued at $6,767,000 after acquiring an additional 12,270 shares in the last quarter. Finally, Townsquare Capital LLC increased its holdings in Ingredion by 8.8% in the 3rd quarter. Townsquare Capital LLC now owns 5,070 shares of the company's stock valued at $697,000 after purchasing an additional 412 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related news, CEO James P. Zallie sold 10,815 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 34,127 shares of the company's stock, valued at $4,295,906.76. This trade represents a 24.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.80% of the company's stock.

Ingredion Stock Performance

INGR traded down $0.74 on Friday, hitting $134.86. 553,136 shares of the company's stock were exchanged, compared to its average volume of 450,820. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average of $131.59 and a two-hundred day moving average of $136.46. Ingredion Incorporated has a twelve month low of $109.51 and a twelve month high of $155.44. The firm has a market cap of $8.66 billion, a PE ratio of 13.89, a P/E/G ratio of 1.03 and a beta of 0.75.

Ingredion (NYSE:INGR - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the business posted $1.65 EPS. The business's revenue was down 6.3% on a year-over-year basis. On average, research analysts anticipate that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Tuesday, April 1st. Ingredion's dividend payout ratio is currently 32.96%.

Analysts Set New Price Targets

INGR has been the subject of a number of analyst reports. Oppenheimer decreased their price target on Ingredion from $178.00 to $167.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. StockNews.com lowered Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. BMO Capital Markets decreased their price target on shares of 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 cut their price target on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $158.20.

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.