UBS Group AG Sells 10,195 Shares of Ingredion Incorporated (NYSE:INGR)

UBS Group AG reduced its stake in shares of Ingredion Incorporated (NYSE:INGRFree Report) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,156 shares of the company’s stock after selling 10,195 shares during the quarter. UBS Group AG owned 0.17% of Ingredion worth $12,281,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of INGR. Blue Trust Inc. raised its holdings in Ingredion by 40.2% during the 4th quarter. Blue Trust Inc. now owns 359 shares of the company’s stock valued at $39,000 after buying an additional 103 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of Ingredion by 63.9% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 377 shares of the company’s stock valued at $37,000 after acquiring an additional 147 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Ingredion by 59.8% during the fourth quarter. National Bank of Canada FI now owns 425 shares of the company’s stock worth $47,000 after purchasing an additional 159 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Ingredion by 54.0% in the fourth quarter. Quadrant Capital Group LLC now owns 667 shares of the company’s stock worth $72,000 after purchasing an additional 234 shares during the last quarter. Finally, Planned Solutions Inc. purchased a new position in Ingredion during the 4th quarter valued at about $96,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Stock Up 0.8 %

INGR opened at $117.58 on Friday. Ingredion Incorporated has a twelve month low of $89.54 and a twelve month high of $122.18. The company has a quick ratio of 1.39, a current ratio of 2.44 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average price of $115.81 and a 200-day moving average price of $111.98. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 1.09 and a beta of 0.81.

Ingredion (NYSE:INGRGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $2.08 earnings per share for the quarter, meeting the consensus estimate of $2.08. Ingredion had a return on equity of 16.56% and a net margin of 8.45%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the firm earned $2.80 EPS. The company’s revenue was down 11.9% compared to the same quarter last year. Equities research analysts forecast that Ingredion Incorporated will post 9.76 earnings per share for the current year.

Ingredion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Monday, July 1st will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, July 1st. Ingredion’s payout ratio is currently 31.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price objective on Ingredion from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. StockNews.com upgraded shares of Ingredion from a “buy” rating to a “strong-buy” rating in a report on Friday, March 22nd. BMO Capital Markets raised their target price on Ingredion from $117.00 to $120.00 and gave the company a “market perform” rating in a research note on Thursday, May 9th. The Goldman Sachs Group raised shares of Ingredion from a “neutral” rating to a “buy” rating and lifted their price target for the company from $122.00 to $135.00 in a research report on Thursday, February 15th. Finally, Stephens reissued an “overweight” rating and issued a $130.00 target price on shares of Ingredion in a 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, Ingredion currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.17.

Get Our Latest Stock Analysis on INGR

Insider Buying and Selling

In other news, SVP Larry Fernandes sold 2,369 shares of Ingredion stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $119.11, for a total transaction of $282,171.59. Following the transaction, the senior vice president now owns 28,848 shares in the company, valued at approximately $3,436,085.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Larry Fernandes sold 2,369 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $119.11, for a total transaction of $282,171.59. Following the completion of the transaction, the senior vice president now directly owns 28,848 shares in the company, valued at approximately $3,436,085.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO James P. Zallie sold 54,581 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $117.24, for a total transaction of $6,399,076.44. Following the sale, the chief executive officer now owns 99,246 shares in the company, valued at approximately $11,635,601.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,442 shares of company stock valued at $7,715,052. 1.80% of the stock is owned by insiders.

Ingredion Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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