Ingredion Incorporated (NYSE:INGR) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP decreased its position in shares of Ingredion Incorporated (NYSE:INGR) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,654,909 shares of the company’s stock after selling 189,795 shares during the quarter. Ingredion accounts for approximately 2.7% of Yacktman Asset Management LP’s portfolio, making the stock its 13th largest holding. Yacktman Asset Management LP owned 2.54% of Ingredion worth $227,649,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Ingredion during the fourth quarter worth approximately $27,000. Prospera Private Wealth LLC acquired a new position in shares of Ingredion during the 3rd quarter worth approximately $41,000. Crews Bank & Trust purchased a new position in shares of Ingredion during the 4th quarter valued at approximately $48,000. Versant Capital Management Inc grew its stake in Ingredion by 431.0% in the 4th quarter. Versant Capital Management Inc now owns 446 shares of the company’s stock valued at $61,000 after acquiring an additional 362 shares during the period. Finally, Concord Wealth Partners increased its holdings in Ingredion by 82.6% in the 3rd quarter. Concord Wealth Partners now owns 493 shares of the company’s stock worth $68,000 after acquiring an additional 223 shares in the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Ingredion Trading Down 0.2 %

Shares of Ingredion stock opened at $127.66 on Tuesday. 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 stock’s 50 day simple moving average is $137.62 and its 200-day simple moving average is $136.28. The stock has a market cap of $8.32 billion, a P/E ratio of 13.15, a P/E/G ratio of 1.04 and a beta of 0.74. Ingredion Incorporated has a 1-year low of $107.77 and a 1-year high of $155.44.

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

Ingredion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Thursday, January 2nd were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.51%. The ex-dividend date was Thursday, January 2nd. Ingredion’s payout ratio is currently 32.96%.

Insiders Place Their Bets

In related news, CFO James D. Gray sold 54,869 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $146.76, for a total value of $8,052,574.44. Following the sale, the chief financial officer now directly owns 12,795 shares in the company, valued at approximately $1,877,794.20. The trade was a 81.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Larry Fernandes sold 6,122 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $140.66, for a total transaction of $861,120.52. Following the transaction, the senior vice president now directly owns 29,034 shares of the company’s stock, valued at approximately $4,083,922.44. This trade represents a 17.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,992 shares of company stock valued at $8,913,841 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on INGR shares. StockNews.com downgraded shares of Ingredion from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Barclays lifted their price objective on Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. UBS Group increased their target price on Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a report on Friday, November 15th. Oppenheimer lowered their price target on Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Finally, Stephens dropped their price target on Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Ingredion presently has an average rating of “Moderate Buy” and an average price target of $154.33.

Ingredion 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.