Robeco Institutional Asset Management B.V. decreased its position in Ingredion Incorporated (NYSE:INGR) by 74.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,124 shares of the company’s stock after selling 3,306 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Ingredion were worth $136,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. WFG Advisors LP grew its position in shares of Ingredion by 0.4% in the 2nd quarter. WFG Advisors LP now owns 1,373 shares of the company’s stock worth $164,000 after acquiring an additional 6 shares in the last quarter. HL Financial Services LLC grew its position in shares of Ingredion by 0.4% in the 2nd quarter. HL Financial Services LLC now owns 2,730 shares of the company’s stock worth $325,000 after acquiring an additional 12 shares in the last quarter. IndexIQ Advisors LLC grew its position in shares of Ingredion by 1.8% in the 2nd quarter. IndexIQ Advisors LLC now owns 1,655 shares of the company’s stock worth $197,000 after acquiring an additional 29 shares in the last quarter. Somerset Trust Co grew its position in shares of Ingredion by 0.5% in the 2nd quarter. Somerset Trust Co now owns 6,317 shares of the company’s stock worth $753,000 after acquiring an additional 30 shares in the last quarter. Finally, Linscomb & Williams Inc. grew its position in shares of Ingredion by 1.4% in the 2nd quarter. Linscomb & Williams Inc. now owns 2,209 shares of the company’s stock worth $263,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 83.31% of the company’s stock.
Ingredion Incorporated (NYSE:INGR) opened at $129.99 on Friday. The stock has a market cap of $9.27 billion, a PE ratio of 16.90, a P/E/G ratio of 1.53 and a beta of 0.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.41 and a quick ratio of 1.59.
Ingredion (NYSE:INGR) last released its quarterly earnings data on Wednesday, November 1st. The company reported $2.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.17. Ingredion had a return on equity of 20.92% and a net margin of 8.73%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the firm posted $1.96 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year. research analysts forecast that Ingredion Incorporated will post 7.67 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Monday, October 2nd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $2.40 dividend on an annualized basis and a yield of 1.85%. This is a positive change from Ingredion’s previous quarterly dividend of $0.50. Ingredion’s payout ratio is currently 34.38%.
In related news, VP James P. Zallie sold 27,972 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $125.39, for a total transaction of $3,507,409.08. Following the completion of the transaction, the vice president now owns 29,429 shares in the company, valued at approximately $3,690,102.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James P. Zallie sold 21,862 shares of Ingredion stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $125.04, for a total value of $2,733,624.48. Following the sale, the vice president now directly owns 29,306 shares in the company, valued at approximately $3,664,422.24. The disclosure for this sale can be found here. Insiders have sold a total of 52,882 shares of company stock valued at $6,622,034 in the last 90 days. Insiders own 1.92% of the company’s stock.
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Several research analysts have recently commented on INGR shares. Zacks Investment Research upgraded Ingredion from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research report on Friday, August 4th. Jefferies Group LLC set a $145.00 target price on Ingredion and gave the stock a “buy” rating in a research report on Sunday, October 29th. BMO Capital Markets reiterated a “hold” rating and issued a $125.00 target price on shares of Ingredion in a research report on Friday, September 29th. Finally, BidaskClub upgraded Ingredion from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $137.50.
Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.
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