American Century Companies Inc. Sells 96,382 Shares of Ingredion Incorporated (NYSE:INGR)

American Century Companies Inc. lowered its position in Ingredion Incorporated (NYSE:INGR) by 37.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 162,278 shares of the company’s stock after selling 96,382 shares during the period. American Century Companies Inc. owned 0.25% of Ingredion worth $22,323,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of INGR. Patriot Financial Group Insurance Agency LLC grew its holdings in Ingredion by 1.8% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 4,162 shares of the company’s stock worth $572,000 after acquiring an additional 74 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Ingredion by 32.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock worth $44,000 after purchasing an additional 79 shares in the last quarter. Mindset Wealth Management LLC lifted its stake in Ingredion by 2.1% in the fourth quarter. Mindset Wealth Management LLC now owns 3,914 shares of the company’s stock valued at $538,000 after buying an additional 82 shares during the period. Transcend Capital Advisors LLC boosted its holdings in shares of Ingredion by 2.1% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,318 shares of the company’s stock worth $594,000 after buying an additional 90 shares in the last quarter. Finally, Truist Financial Corp grew its position in shares of Ingredion by 1.3% during the 4th quarter. Truist Financial Corp now owns 6,854 shares of the company’s stock worth $943,000 after buying an additional 90 shares during the period. 85.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO James P. Zallie sold 10,815 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the completion of the transaction, the chief executive officer now directly owns 34,127 shares of the company’s stock, valued at $4,295,906.76. This represents a 24.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by insiders.

Ingredion Stock Performance

NYSE INGR opened at $134.86 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. The company has a fifty day moving average price of $131.59 and a 200-day moving average price of $136.47. Ingredion Incorporated has a 1 year low of $109.51 and a 1 year high of $155.44. The firm has a market cap of $8.66 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 1.03 and a beta of 0.75.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.54 by $0.09. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.65 EPS. As a group, equities research analysts predict that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Tuesday, April 1st. Ingredion’s payout ratio is 32.96%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on INGR. Stephens reduced their price target on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Oppenheimer decreased their target price on Ingredion from $178.00 to $167.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. StockNews.com lowered Ingredion from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Finally, BMO Capital Markets decreased their price objective on Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Ingredion currently has an average rating of “Moderate Buy” and an average target price of $158.20.

Ingredion Company Profile

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.