Globeflex Capital L P acquired a new position in Ingredion Incorporated (NYSE:INGR – Free Report) 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
Get Our Latest Analysis on INGR
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 – 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, 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.
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