Ingredion Incorporated (NYSE:INGR) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its position in Ingredion Incorporated (NYSE:INGR) by 92.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,851 shares of the company’s stock after acquiring an additional 4,251 shares during the quarter. Vontobel Holding Ltd.’s holdings in Ingredion were worth $961,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new position in Ingredion in the 2nd quarter valued at $30,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of Ingredion by 63.9% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 377 shares of the company’s stock worth $37,000 after purchasing an additional 147 shares during the period. Allworth Financial LP grew its stake in shares of Ingredion by 414.1% during the 3rd quarter. Allworth Financial LP now owns 401 shares of the company’s stock worth $39,000 after purchasing an additional 323 shares during the period. Blue Trust Inc. grew its stake in shares of Ingredion by 40.2% during the 4th quarter. Blue Trust Inc. now owns 359 shares of the company’s stock worth $39,000 after purchasing an additional 103 shares during the period. Finally, IFP Advisors Inc grew its stake in shares of Ingredion by 33.7% during the 3rd quarter. IFP Advisors Inc now owns 484 shares of the company’s stock worth $48,000 after purchasing an additional 122 shares during the period. 85.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Ingredion from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 22nd. The Goldman Sachs Group raised shares of Ingredion from a “neutral” rating to a “buy” rating and upped their price target for the stock from $122.00 to $135.00 in a research note on Thursday, February 15th. Barclays upped their price target on shares of Ingredion from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 6th. Finally, Stephens reiterated an “overweight” rating and issued a $130.00 price objective on shares of Ingredion in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Ingredion presently has an average rating of “Moderate Buy” and a consensus price target of $126.67.

Insider Buying and Selling at Ingredion

In other Ingredion news, VP Davida Marie Gable sold 1,968 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $117.38, for a total value of $231,003.84. Following the transaction, the vice president now directly owns 1,723 shares in the company, valued at approximately $202,245.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO James P. Zallie sold 54,581 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $117.24, for a total transaction of $6,399,076.44. Following the transaction, the chief executive officer now directly owns 99,246 shares in the company, valued at approximately $11,635,601.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Davida Marie Gable sold 1,968 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $117.38, for a total transaction of $231,003.84. Following the transaction, the vice president now owns 1,723 shares in the company, valued at $202,245.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,921 shares of company stock worth $6,903,045. Corporate insiders own 1.80% of the company’s stock.

Ingredion Price Performance

Ingredion stock opened at $113.62 on Monday. Ingredion Incorporated has a 52 week low of $89.54 and a 52 week high of $118.83. The company has a quick ratio of 1.10, a current ratio of 1.92 and a debt-to-equity ratio of 0.49. The firm’s 50-day simple moving average is $114.93 and its 200 day simple moving average is $107.47. The firm has a market capitalization of $7.45 billion, a PE ratio of 11.84, a P/E/G ratio of 1.07 and a beta of 0.81.

Ingredion (NYSE:INGR) last released its quarterly earnings data on Tuesday, February 6th. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.87 by $0.10. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.07 billion. Ingredion had a net margin of 7.88% and a return on equity of 18.57%. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.65 EPS. On average, equities research analysts predict that Ingredion Incorporated will post 9.62 EPS for the current fiscal year.

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Monday, April 1st will be issued a $0.78 dividend. The ex-dividend date is Thursday, March 28th. This represents a $3.12 dividend on an annualized basis and a yield of 2.75%. Ingredion’s dividend payout ratio (DPR) is 32.50%.

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.