Taika Capital LP Buys Shares of 5,298 Ingredion Incorporated (NYSE:INGR)

Taika Capital LP bought a new stake in Ingredion Incorporated (NYSE:INGR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,298 shares of the company’s stock, valued at approximately $729,000.

Several other large investors also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. acquired a new stake in Ingredion in the fourth quarter valued at $25,000. AlphaQuest LLC lifted its position in shares of Ingredion by 286.8% in the fourth quarter. AlphaQuest LLC now owns 2,429 shares of the company’s stock valued at $334,000 after acquiring an additional 1,801 shares in the last quarter. Machina Capital S.A.S. purchased a new stake in shares of Ingredion in the fourth quarter valued at $232,000. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Ingredion during the fourth quarter valued at $276,000. Finally, Inceptionr LLC acquired a new stake in shares of Ingredion during the fourth quarter valued at $1,025,000. Institutional investors and hedge funds own 85.27% of the company’s stock.

Analyst Ratings Changes

INGR has been the topic of a number of analyst reports. Stephens decreased their price objective on Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. BMO Capital Markets decreased their price objective on Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Oppenheimer decreased their price objective on Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. StockNews.com lowered Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, UBS Group raised their price objective on Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.20.

Ingredion Price Performance

INGR stock opened at $135.54 on Monday. Ingredion Incorporated has a 52-week low of $109.51 and a 52-week high of $155.44. The stock’s fifty day simple moving average is $132.08 and its 200-day simple moving average is $136.60. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 1.03 and a beta of 0.75.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.09. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. Ingredion’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the business earned $1.65 EPS. Equities research analysts expect that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Thursday, January 2nd were issued a $0.80 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.36%. Ingredion’s dividend payout ratio (DPR) is presently 32.96%.

Insider Buying and Selling at Ingredion

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of Ingredion 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 transaction, the chief executive officer now directly owns 34,127 shares of the company’s stock, valued at $4,295,906.76. The trade was a 24.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by company insiders.

About Ingredion

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.