Y Intercept Hong Kong Ltd Purchases New Position in Ingredion Incorporated (NYSE:INGR)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Ingredion Incorporated (NYSE:INGR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,654 shares of the company’s stock, valued at approximately $503,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INGR. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Ingredion in the fourth quarter worth approximately $27,000. Prospera Private Wealth LLC purchased a new stake in Ingredion in the third quarter worth approximately $41,000. Crews Bank & Trust purchased a new stake in Ingredion in the fourth quarter worth approximately $48,000. Versant Capital Management Inc boosted its holdings in Ingredion by 431.0% in the fourth quarter. Versant Capital Management Inc now owns 446 shares of the company’s stock worth $61,000 after purchasing an additional 362 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in Ingredion in the third quarter worth approximately $86,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Trading Up 0.3 %

Shares of Ingredion stock opened at $130.55 on Friday. 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 Incorporated has a 1-year low of $109.51 and a 1-year high of $155.44. The company’s fifty day simple moving average is $132.87 and its 200-day simple moving average is $136.54. The stock has a market capitalization of $8.38 billion, a PE ratio of 13.44, a P/E/G ratio of 1.03 and a beta of 0.74.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.09. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the company earned $1.65 EPS. Ingredion’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities analysts anticipate that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Thursday, January 2nd were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Thursday, January 2nd. Ingredion’s dividend payout ratio (DPR) is 32.96%.

Analyst Ratings Changes

Several brokerages recently issued reports on INGR. UBS Group raised their target price on shares of Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Barclays lifted their price target on shares of Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Oppenheimer dropped their price target on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Stephens dropped their price target on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, StockNews.com cut shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Ingredion currently has an average rating of “Moderate Buy” and a consensus price target of $158.20.

Insider Activity at Ingredion

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

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.