1,036 Shares in Ingredion Incorporated (NYSE:INGR) Bought by Globeflex Capital L P

Globeflex Capital L P acquired a new position in Ingredion Incorporated (NYSE:INGR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,036 shares of the company’s stock, valued at approximately $143,000.

A number of other large investors have also recently bought and sold shares of INGR. Assetmark Inc. boosted its holdings in Ingredion by 48.4% in the third quarter. Assetmark Inc. now owns 1,325 shares of the company’s stock worth $182,000 after purchasing an additional 432 shares in the last quarter. Atria Investments Inc boosted its holdings in Ingredion by 4.8% in the third quarter. Atria Investments Inc now owns 7,028 shares of the company’s stock worth $966,000 after purchasing an additional 323 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Ingredion by 124.8% in the third quarter. Victory Capital Management Inc. now owns 61,575 shares of the company’s stock worth $8,462,000 after purchasing an additional 34,189 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Ingredion by 3.2% in the third quarter. Oppenheimer & Co. Inc. now owns 21,396 shares of the company’s stock worth $2,940,000 after purchasing an additional 670 shares in the last quarter. Finally, KBC Group NV lifted its position in Ingredion by 12.2% during the 3rd quarter. KBC Group NV now owns 1,726 shares of the company’s stock worth $237,000 after acquiring an additional 187 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO James P. Zallie sold 10,815 shares of the 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 directly owns 34,127 shares of the company’s stock, valued at $4,295,906.76. This represents a 24.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on INGR shares. Oppenheimer cut their target price on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating for the company in a research 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 for the company in a research report on Wednesday, February 5th. Stephens cut their target price on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, StockNews.com lowered shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $158.20.

Ingredion Stock Performance

NYSE:INGR opened at $131.37 on Friday. Ingredion Incorporated has a 12-month low of $109.51 and a 12-month high of $155.44. 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 $8.43 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 1.03 and a beta of 0.75. The firm has a 50-day moving average price of $131.60 and a 200 day moving average price of $136.57.

Ingredion (NYSE:INGR) last posted 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. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.65 earnings per share. Research analysts anticipate that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $3.20 annualized dividend and a dividend yield of 2.44%. Ingredion’s dividend payout ratio (DPR) is currently 32.96%.

About Ingredion

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.