Bank of Jackson Hole Trust Makes New $306,000 Investment in Ingredion Incorporated (NYSE:INGR)

Bank of Jackson Hole Trust purchased a new position in shares of Ingredion Incorporated (NYSE:INGR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,224 shares of the company’s stock, valued at approximately $306,000.

A number of other large investors also recently added to or reduced their stakes in INGR. Creative Planning lifted its stake in Ingredion by 5.5% during the third quarter. Creative Planning now owns 11,203 shares of the company’s stock worth $1,540,000 after purchasing an additional 584 shares in the last quarter. Blue Trust Inc. lifted its stake in Ingredion by 126.1% during the third quarter. Blue Trust Inc. now owns 1,343 shares of the company’s stock worth $185,000 after purchasing an additional 749 shares in the last quarter. Raymond James & Associates lifted its stake in Ingredion by 11.3% during the third quarter. Raymond James & Associates now owns 230,194 shares of the company’s stock worth $31,636,000 after purchasing an additional 23,396 shares in the last quarter. OLD National Bancorp IN acquired a new position in Ingredion during the third quarter worth $237,000. Finally, Raleigh Capital Management Inc. lifted its stake in Ingredion by 19.9% during the third quarter. Raleigh Capital Management Inc. now owns 945 shares of the company’s stock worth $130,000 after purchasing an additional 157 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on INGR shares. StockNews.com lowered Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. UBS Group upped their price objective on Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Stephens cut their price objective on Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. BMO Capital Markets cut their price objective on Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Finally, Barclays upped their price objective on Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $158.20.

Insider Activity at Ingredion

In other Ingredion news, CFO James D. Gray sold 54,869 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $146.76, for a total transaction of $8,052,574.44. Following the transaction, the chief financial officer now owns 12,795 shares of the company’s stock, valued at approximately $1,877,794.20. This trade represents a 81.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Ingredion Stock Performance

NYSE:INGR opened at $125.52 on Wednesday. The firm has a market capitalization of $8.18 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.04 and a beta of 0.74. The business’s fifty day moving average price is $135.29 and its 200 day moving average price is $136.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. Ingredion Incorporated has a 12 month low of $109.51 and a 12 month high of $155.44.

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

Ingredion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Thursday, January 2nd were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Thursday, January 2nd. Ingredion’s dividend payout ratio (DPR) is presently 32.96%.

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.