DekaBank Deutsche Girozentrale Has $14 Million Stock Position in Ingredion Incorporated (NYSE:INGR)

DekaBank Deutsche Girozentrale lifted its holdings in shares of Ingredion Incorporated (NYSE:INGR – Get Rating) by 61.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,186 shares of the company’s stock after purchasing an additional 55,016 shares during the period. DekaBank Deutsche Girozentrale owned 0.22% of Ingredion worth $14,001,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in INGR. Macquarie Group Ltd. boosted its holdings in shares of Ingredion by 38.4% in the 3rd quarter. Macquarie Group Ltd. now owns 1,620,153 shares of the company’s stock worth $144,195,000 after buying an additional 449,174 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ingredion by 17.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,236,226 shares of the company’s stock worth $199,055,000 after buying an additional 333,316 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Ingredion by 140.3% in the 3rd quarter. Millennium Management LLC now owns 477,427 shares of the company’s stock worth $42,496,000 after purchasing an additional 278,744 shares in the last quarter. Brandywine Global Investment Management LLC grew its holdings in shares of Ingredion by 39.6% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 878,525 shares of the company’s stock valued at $78,198,000 after purchasing an additional 249,015 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Ingredion by 12.0% in the third quarter. Victory Capital Management Inc. now owns 1,123,161 shares of the company’s stock worth $99,973,000 after buying an additional 120,623 shares during the period. Institutional investors own 85.53% of the company’s stock.

INGR traded up $1.32 during trading on Monday, hitting $90.84. The company’s stock had a trading volume of 2,835 shares, compared to its average volume of 429,553. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 52.66 and a beta of 0.83. The business’s fifty day simple moving average is $87.21 and its 200 day simple moving average is $93.11. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. Ingredion Incorporated has a twelve month low of $81.25 and a twelve month high of $101.89.

Ingredion (NYSE:INGR – Get Rating) last announced its quarterly earnings data on Thursday, February 3rd. The company reported $1.09 earnings per share (EPS) for the quarter. Ingredion had a net margin of 1.70% and a return on equity of 15.42%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the company earned $1.75 EPS. Ingredion’s revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts forecast that Ingredion Incorporated will post 7.08 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 26th. Shareholders of record on Friday, April 1st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, March 31st. This represents a $2.60 dividend on an annualized basis and a yield of 2.86%. Ingredion’s dividend payout ratio (DPR) is presently 152.94%.

Several brokerages have commented on INGR. TheStreet lowered shares of Ingredion from a “b” rating to a “c+” rating in a report on Monday, March 14th. Zacks Investment Research cut shares of Ingredion from a “hold” rating to a “sell” rating in a report on Wednesday, April 6th. Finally, StockNews.com downgraded shares of Ingredion from a “buy” rating to a “hold” rating in a report on Friday, March 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $108.80.

In related news, SVP David Eric Seip bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 4th. The stock was purchased at an average cost of $85.90 per share, for a total transaction of $429,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have sold 2 shares of company stock worth $170. 1.40% of the stock is owned by company insiders.

Ingredion Company Profile (Get Rating)

Ingredion, Inc engages in the manufacture and sale of sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials. Its activities include turning corn, tapioca, potatoes and other vegetables and fruits into value added ingredients and biomaterials for the food, beverage, paper and corrugating, brewing, and other industries.

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