Headlands Technologies LLC Has $211,000 Stake in Ingredion Incorporated (NYSE:INGR)

Headlands Technologies LLC increased its position in Ingredion Incorporated (NYSE:INGR) by 613.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,533 shares of the company’s stock after buying an additional 1,318 shares during the period. Headlands Technologies LLC’s holdings in Ingredion were worth $211,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INGR. BOK Financial Private Wealth Inc. acquired a new position in shares of Ingredion during the 4th quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Ingredion during the fourth quarter worth $27,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Ingredion by 653.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company’s stock worth $31,000 after buying an additional 196 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Ingredion by 32.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock valued at $44,000 after buying an additional 79 shares in the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of Ingredion in the fourth quarter worth about $48,000. Institutional investors own 85.27% of the company’s stock.

Ingredion Trading Down 4.2 %

Shares of Ingredion stock opened at $130.69 on Friday. 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 $131.47 and its 200-day simple moving average is $136.45. The company has a market cap of $8.39 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.03 and a beta of 0.71. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47.

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 company had revenue of $1.80 billion for 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 business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the business posted $1.65 EPS. As a group, sell-side analysts expect that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Tuesday, April 1st. Ingredion’s payout ratio is presently 32.96%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. StockNews.com downgraded Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 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 report on Wednesday, February 5th. BMO Capital Markets decreased their price objective on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Finally, Stephens dropped their target price on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $158.20.

Insider Activity

In other news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction dated 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 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 Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by company insiders.

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.