Schroder Investment Management Group Purchases 43,852 Shares of Ingredion Incorporated (NYSE:INGR)

Schroder Investment Management Group lifted its stake in shares of Ingredion Incorporated (NYSE:INGRFree Report) by 32.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,458 shares of the company’s stock after acquiring an additional 43,852 shares during the quarter. Schroder Investment Management Group owned approximately 0.28% of Ingredion worth $19,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Ingredion during the fourth quarter worth approximately $82,272,000. Nordea Investment Management AB grew its stake in Ingredion by 73.0% in the third quarter. Nordea Investment Management AB now owns 752,456 shares of the company’s stock valued at $74,019,000 after acquiring an additional 317,509 shares during the period. Invesco Ltd. lifted its holdings in shares of Ingredion by 74.6% in the third quarter. Invesco Ltd. now owns 540,388 shares of the company’s stock valued at $53,174,000 after purchasing an additional 230,885 shares in the last quarter. Morningstar Investment Services LLC lifted its holdings in shares of Ingredion by 98.5% in the fourth quarter. Morningstar Investment Services LLC now owns 393,101 shares of the company’s stock valued at $42,789,000 after purchasing an additional 195,106 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Ingredion by 2.3% in the third quarter. Vanguard Group Inc. now owns 7,345,630 shares of the company’s stock valued at $722,810,000 after purchasing an additional 161,922 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Ingredion news, CEO James P. Zallie sold 27,500 shares of Ingredion stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $116.36, for a total value of $3,199,900.00. Following the transaction, the chief executive officer now directly owns 52,197 shares of the company’s stock, valued at $6,073,642.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Ingredion news, SVP Larry Fernandes sold 2,369 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $119.11, for a total value of $282,171.59. Following the completion of the transaction, the senior vice president now owns 28,848 shares in the company, valued at $3,436,085.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO James P. Zallie sold 27,500 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $116.36, for a total transaction of $3,199,900.00. Following the completion of the sale, the chief executive officer now owns 52,197 shares of the company’s stock, valued at approximately $6,073,642.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,361 shares of company stock valued at $4,515,876. 1.80% of the stock is currently owned by insiders.

Ingredion Price Performance

Shares of Ingredion stock opened at $115.25 on Tuesday. The stock has a market cap of $7.57 billion, a P/E ratio of 11.55, a P/E/G ratio of 1.08 and a beta of 0.74. Ingredion Incorporated has a one year low of $89.54 and a one year high of $122.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.39 and a current ratio of 2.44. The stock’s fifty day moving average is $115.62 and its 200 day moving average is $112.56.

Ingredion (NYSE:INGRGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $2.08 earnings per share (EPS) 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 business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the business earned $2.80 earnings per share. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. Sell-side analysts anticipate that Ingredion Incorporated will post 9.76 earnings per share for the current year.

Ingredion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Monday, July 1st will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Monday, July 1st. Ingredion’s dividend payout ratio (DPR) is 31.26%.

Analyst Ratings Changes

INGR has been the topic of a number of recent analyst reports. Barclays lifted their price target on Ingredion from $115.00 to $122.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 6th. The Goldman Sachs Group upgraded 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. BMO Capital Markets boosted their target price on Ingredion from $117.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, May 9th. Finally, StockNews.com cut Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 5th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $127.17.

Check Out Our Latest Stock Report on Ingredion

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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