Ingredion Incorporated (NYSE:INGR) Shares Sold by Delphi Management Inc. MA

Delphi Management Inc. MA trimmed its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,497 shares of the company’s stock after selling 121 shares during the quarter. Ingredion makes up approximately 1.5% of Delphi Management Inc. MA’s investment portfolio, making the stock its 13th largest position. Delphi Management Inc. MA’s holdings in Ingredion were worth $1,582,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in INGR. State Street Corp increased its position in shares of Ingredion by 0.8% during the third quarter. State Street Corp now owns 2,436,601 shares of the company’s stock worth $334,862,000 after purchasing an additional 19,560 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Ingredion by 16.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,890,488 shares of the company’s stock worth $260,056,000 after purchasing an additional 268,389 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Ingredion by 2.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,539,179 shares of the company’s stock worth $211,529,000 after purchasing an additional 36,421 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Ingredion by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,167,693 shares of the company’s stock worth $160,516,000 after purchasing an additional 19,064 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of Ingredion by 11.9% during the fourth quarter. Allianz Asset Management GmbH now owns 842,763 shares of the company’s stock worth $115,930,000 after purchasing an additional 89,335 shares in the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ingredion

In related news, CEO James P. Zallie sold 10,815 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the transaction, the chief executive officer now owns 34,127 shares of the company’s stock, valued at approximately $4,295,906.76. This represents a 24.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Ingredion Stock Up 1.5 %

Shares of NYSE:INGR opened at $133.29 on Tuesday. 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 business has a fifty day moving average of $131.59 and a two-hundred day moving average of $136.59. The stock has a market cap of $8.56 billion, a P/E ratio of 13.73, a PEG ratio of 1.03 and a beta of 0.75. Ingredion Incorporated has a 52-week low of $109.51 and a 52-week high of $155.44.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.09. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.65 EPS. On average, research analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Tuesday, April 1st. Ingredion’s dividend payout ratio is presently 32.96%.

Analyst Ratings Changes

Several analysts recently commented on INGR shares. Oppenheimer dropped their price target on 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 dropped their price target on Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. StockNews.com cut Ingredion from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Stephens dropped their target price on Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $158.20.

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.