XTX Topco Ltd Invests $477,000 in Ingredion Incorporated (NYSE:INGR)

XTX Topco Ltd acquired a new position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,465 shares of the company's stock, valued at approximately $477,000.

A number of other hedge funds also recently made changes to their positions in INGR. Norges Bank bought a new position in shares of Ingredion during the fourth quarter valued at approximately $96,012,000. Assetmark Inc. boosted its holdings in shares of Ingredion by 38,341.7% during the fourth quarter. Assetmark Inc. now owns 509,352 shares of the company's stock worth $70,067,000 after purchasing an additional 508,027 shares during the period. Hennessy Advisors Inc. bought a new position in Ingredion during the fourth quarter valued at approximately $58,642,000. Prudential Financial Inc. increased its holdings in shares of Ingredion by 93.2% during the 4th quarter. Prudential Financial Inc. now owns 652,734 shares of the company's stock valued at $89,790,000 after acquiring an additional 314,912 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Ingredion by 16.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,890,488 shares of the company's stock worth $260,056,000 after buying an additional 268,389 shares during the period. Institutional investors and hedge funds own 85.27% of the company's stock.

Ingredion Stock Performance

Ingredion stock traded up $0.11 during mid-day trading on Friday, reaching $130.17. 47,047 shares of the company's stock were exchanged, compared to its average volume of 459,609. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $8.37 billion, a PE ratio of 13.41, a P/E/G ratio of 1.03 and a beta of 0.72. Ingredion Incorporated has a one year low of $111.54 and a one year high of $155.44. The business's fifty day simple moving average is $130.70 and its 200 day simple moving average is $135.63.

Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.09. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the business posted $1.65 earnings per share. The company's revenue was down 6.3% on a year-over-year basis. On average, sell-side analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

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 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Tuesday, April 1st. Ingredion's dividend payout ratio is 32.96%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Ingredion

In other news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the sale, the chief executive officer now owns 34,127 shares in the company, valued at $4,295,906.76. This trade represents a 24.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.

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.