Ingredion Incorporated (NYSE:INGR) Shares Purchased by Foster & Motley Inc.

Foster & Motley Inc. raised its stake in Ingredion Incorporated (NYSE:INGR) by 45.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,047 shares of the company’s stock after purchasing an additional 2,506 shares during the quarter. Foster & Motley Inc.’s holdings in Ingredion were worth $873,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of INGR. Cutter & CO Brokerage Inc. increased its stake in shares of Ingredion by 2.9% during the third quarter. Cutter & CO Brokerage Inc. now owns 34,577 shares of the company’s stock worth $3,402,000 after buying an additional 990 shares during the period. Schroder Investment Management Group lifted its position in shares of Ingredion by 833.7% during the 3rd quarter. Schroder Investment Management Group now owns 136,606 shares of the company’s stock worth $13,442,000 after purchasing an additional 121,976 shares during the last quarter. Equity Investment Corp increased its holdings in Ingredion by 1.4% in the third quarter. Equity Investment Corp now owns 908,776 shares of the company’s stock valued at $89,424,000 after buying an additional 12,427 shares during the last quarter. Nordea Investment Management AB raised its stake in Ingredion by 73.0% in the third quarter. Nordea Investment Management AB now owns 752,456 shares of the company’s stock valued at $74,019,000 after buying an additional 317,509 shares in the last quarter. Finally, Horizon Family Wealth Inc. lifted its holdings in Ingredion by 10.9% during the 3rd quarter. Horizon Family Wealth Inc. now owns 2,647 shares of the company’s stock worth $260,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Insider Buying and Selling

In other Ingredion news, CEO James P. Zallie sold 54,581 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $117.24, for a total transaction of $6,399,076.44. Following the sale, the chief executive officer now directly owns 99,246 shares of the company’s stock, valued at approximately $11,635,601.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO James P. Zallie sold 54,581 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $117.24, for a total transaction of $6,399,076.44. Following the sale, the chief executive officer now owns 99,246 shares in the company, valued at $11,635,601.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Davida Marie Gable sold 1,968 shares of Ingredion stock in a transaction on Friday, March 1st. The shares were sold at an average price of $117.38, for a total value of $231,003.84. Following the completion of the sale, the vice president now directly owns 1,723 shares of the company’s stock, valued at approximately $202,245.74. The disclosure for this sale can be found here. Insiders sold 58,921 shares of company stock worth $6,903,045 in the last ninety days. Insiders own 1.80% of the company’s stock.

Ingredion Trading Up 0.0 %

NYSE:INGR opened at $114.35 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.10 and a current ratio of 1.92. Ingredion Incorporated has a 1 year low of $89.54 and a 1 year high of $118.83. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.08 and a beta of 0.81. The stock has a fifty day moving average price of $115.16 and a two-hundred day moving average price of $107.75.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, February 6th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.10. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.07 billion. Ingredion had a return on equity of 18.57% and a net margin of 7.88%. Ingredion’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 earnings per share. As a group, sell-side analysts anticipate that Ingredion Incorporated will post 9.62 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Monday, April 1st were paid a dividend of $0.78 per share. The ex-dividend date was Thursday, March 28th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.73%. Ingredion’s dividend payout ratio (DPR) is 32.50%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. The Goldman Sachs Group upgraded Ingredion from a “neutral” rating to a “buy” rating and increased their price objective for the company from $122.00 to $135.00 in a report on Thursday, February 15th. Stephens reissued an “overweight” rating and set a $130.00 price objective on shares of Ingredion in a report on Wednesday, February 7th. StockNews.com upgraded shares of Ingredion from a “buy” rating to a “strong-buy” rating in a report on Friday, March 22nd. Finally, Barclays lifted their price target on shares of Ingredion from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $126.67.

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.