Natixis Advisors L.P. Boosts Holdings in Ingredion Incorporated (NYSE:INGR)

Natixis Advisors L.P. increased its holdings in Ingredion Incorporated (NYSE:INGRFree Report) by 0.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,673 shares of the company’s stock after purchasing an additional 289 shares during the period. Natixis Advisors L.P. owned 0.07% of Ingredion worth $4,952,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Ingredion by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,030,024 shares of the company’s stock worth $566,057,000 after acquiring an additional 46,092 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Ingredion by 1.9% during the 1st quarter. BlackRock Inc. now owns 5,790,111 shares of the company’s stock worth $504,608,000 after acquiring an additional 107,110 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ingredion by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,473,080 shares of the company’s stock worth $242,189,000 after acquiring an additional 75,279 shares in the last quarter. State Street Corp raised its holdings in shares of Ingredion by 7.1% during the 1st quarter. State Street Corp now owns 2,364,523 shares of the company’s stock worth $207,518,000 after acquiring an additional 155,995 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Ingredion by 6.6% during the 1st quarter. Victory Capital Management Inc. now owns 1,183,144 shares of the company’s stock worth $120,361,000 after acquiring an additional 73,134 shares in the last quarter. 84.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ingredion

In other Ingredion news, SVP Larry Fernandes sold 2,779 shares of the company’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $110.10, for a total value of $305,967.90. Following the completion of the sale, the senior vice president now directly owns 20,246 shares in the company, valued at approximately $2,229,084.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.56% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

INGR has been the topic of several recent research reports. Barclays decreased their price objective on Ingredion from $120.00 to $118.00 in a report on Thursday, June 1st. BMO Capital Markets cut their target price on Ingredion from $125.00 to $117.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 9th. Stephens reissued an “overweight” rating and set a $130.00 target price on shares of Ingredion in a research report on Wednesday, August 9th. Finally, StockNews.com began coverage on Ingredion in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.20.

Check Out Our Latest Stock Analysis on Ingredion

Ingredion Stock Performance

Shares of Ingredion stock opened at $102.81 on Thursday. The stock’s fifty day moving average is $105.60 and its two-hundred day moving average is $104.35. The company has a market capitalization of $6.80 billion, a PE ratio of 12.00 and a beta of 0.78. The company has a quick ratio of 0.98, a current ratio of 1.92 and a debt-to-equity ratio of 0.57. Ingredion Incorporated has a 52 week low of $78.81 and a 52 week high of $113.46.

Ingredion (NYSE:INGRGet Free Report) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $2.32 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.01). The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.20 billion. Ingredion had a net margin of 6.99% and a return on equity of 17.63%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $2.12 EPS. As a group, analysts expect that Ingredion Incorporated will post 9.23 earnings per share for the current year.

Ingredion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Monday, October 2nd will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.03%. The ex-dividend date is Friday, September 29th. This is an increase from Ingredion’s previous quarterly dividend of $0.71. Ingredion’s dividend payout ratio is 33.14%.

About Ingredion

(Free Report)

Ingredion Incorporated, together with its subsidiaries, produces 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.

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Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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