Livforsakringsbolaget Skandia Omsesidigt Raises Stake in Ingredion Incorporated (NYSE:INGR)

Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Ingredion Incorporated (NYSE:INGR) by 463.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 18,600 shares of the company’s stock after purchasing an additional 15,300 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Ingredion were worth $2,559,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Creative Planning raised its position in shares of Ingredion by 3.2% during the second quarter. Creative Planning now owns 10,619 shares of the company’s stock valued at $1,218,000 after buying an additional 328 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Ingredion by 222.6% during the third quarter. SG Americas Securities LLC now owns 3,810 shares of the company’s stock valued at $524,000 after buying an additional 2,629 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Ingredion during the third quarter valued at approximately $471,000. Handelsbanken Fonder AB raised its position in shares of Ingredion by 21.1% during the third quarter. Handelsbanken Fonder AB now owns 17,230 shares of the company’s stock valued at $2,368,000 after buying an additional 3,000 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Ingredion by 60.5% during the third quarter. GAMMA Investing LLC now owns 963 shares of the company’s stock valued at $132,000 after buying an additional 363 shares during the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Insiders Place Their Bets

In other news, CFO James D. Gray sold 54,869 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $146.76, for a total value of $8,052,574.44. Following the sale, the chief financial officer now directly owns 12,795 shares in the company, valued at approximately $1,877,794.20. This trade represents a 81.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Larry Fernandes sold 6,122 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $140.66, for a total transaction of $861,120.52. Following the completion of the sale, the senior vice president now owns 29,034 shares in the company, valued at $4,083,922.44. This represents a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 60,992 shares of company stock worth $8,913,841 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

INGR has been the topic of several recent analyst reports. StockNews.com cut shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Thursday. BMO Capital Markets reduced their price target on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a research report on Wednesday. Oppenheimer reduced 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. UBS Group boosted their price target on shares of Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Stephens reduced 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 report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ingredion presently has an average rating of “Moderate Buy” and an average target price of $154.33.

Ingredion Trading Up 0.8 %

INGR stock opened at $127.34 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.67 and a debt-to-equity ratio of 0.44. Ingredion Incorporated has a twelve month low of $107.77 and a twelve month high of $155.44. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.11 and a beta of 0.74. The firm’s fifty day simple moving average is $138.40 and its two-hundred day simple moving average is $136.03.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.09. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.65 earnings per share. As a group, analysts anticipate that Ingredion Incorporated will post 10.59 earnings per share for the current year.

Ingredion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Thursday, January 2nd. Ingredion’s payout ratio is 31.22%.

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.