Securian Asset Management Inc. Sells 134 Shares of Ingredion Incorporated (NYSE:INGR)

Securian Asset Management Inc. lowered its holdings in Ingredion Incorporated (NYSE:INGR) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,925 shares of the company’s stock after selling 134 shares during the quarter. Securian Asset Management Inc.’s holdings in Ingredion were worth $677,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its holdings in Ingredion by 0.8% in the 3rd quarter. State Street Corp now owns 2,436,601 shares of the company’s stock valued at $334,862,000 after purchasing an additional 19,560 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Ingredion by 16.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,890,488 shares of the company’s stock worth $260,056,000 after acquiring an additional 268,389 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Ingredion by 2.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,539,179 shares of the company’s stock worth $211,529,000 after acquiring an additional 36,421 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Ingredion by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,167,693 shares of the company’s stock worth $160,516,000 after acquiring an additional 19,064 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Ingredion by 11.9% during the 4th quarter. Allianz Asset Management GmbH now owns 842,763 shares of the company’s stock worth $115,930,000 after acquiring an additional 89,335 shares during the period. Institutional investors own 85.27% of the company’s stock.

Ingredion Trading Up 0.6 %

Shares of NYSE INGR opened at $131.37 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.62. Ingredion Incorporated has a 52-week low of $109.51 and a 52-week high of $155.44. The firm has a 50 day moving average price of $131.60 and a two-hundred day moving average price of $136.59. The stock has a market cap of $8.43 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 1.03 and a beta of 0.75.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the company posted $1.65 earnings per share. Ingredion’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities analysts forecast that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

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 given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Tuesday, April 1st. Ingredion’s dividend payout ratio (DPR) is presently 32.96%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Oppenheimer cut their price target on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. StockNews.com downgraded shares of Ingredion from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Stephens dropped their price objective on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, BMO Capital Markets dropped their price objective on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.20.

Insider Transactions at Ingredion

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 34,127 shares in the company, valued at approximately $4,295,906.76. This trade represents a 24.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

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.