Ingredion Incorporated (NYSE:INGR) Shares Sold by Delphi Management Inc. MA

Delphi Management Inc. MA lowered its holdings in Ingredion Incorporated (NYSE:INGR) by 1.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,497 shares of the company’s stock after selling 121 shares during the quarter. Ingredion comprises 1.5% of Delphi Management Inc. MA’s investment portfolio, making the stock its 13th biggest holding. Delphi Management Inc. MA’s holdings in Ingredion were worth $1,582,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in INGR. Atria Investments Inc increased its holdings in shares of Ingredion by 4.8% in the 3rd quarter. Atria Investments Inc now owns 7,028 shares of the company’s stock valued at $966,000 after acquiring an additional 323 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Ingredion by 124.8% in the 3rd quarter. Victory Capital Management Inc. now owns 61,575 shares of the company’s stock valued at $8,462,000 after acquiring an additional 34,189 shares during the last quarter. KBC Group NV increased its holdings in shares of Ingredion by 12.2% in the 3rd quarter. KBC Group NV now owns 1,726 shares of the company’s stock valued at $237,000 after acquiring an additional 187 shares during the last quarter. Metis Global Partners LLC grew its stake in Ingredion by 36.7% during the 3rd quarter. Metis Global Partners LLC now owns 3,853 shares of the company’s stock worth $530,000 after buying an additional 1,035 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in Ingredion by 1.4% during the 3rd quarter. Natixis Advisors LLC now owns 42,373 shares of the company’s stock worth $5,823,000 after buying an additional 577 shares during the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Trading Up 1.5 %

Shares of INGR stock opened at $133.29 on Tuesday. The business’s 50 day moving average is $131.59 and its two-hundred day moving average is $136.59. Ingredion Incorporated has a twelve month low of $109.51 and a twelve month high of $155.44. The company has a market capitalization of $8.56 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 1.03 and a beta of 0.75. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.82 billion. During the same period last year, the business posted $1.65 EPS. The company’s revenue was down 6.3% on a year-over-year basis. Equities analysts forecast that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be paid a $0.80 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $3.20 annualized dividend and a dividend yield of 2.40%. Ingredion’s dividend payout ratio (DPR) is currently 32.96%.

Analyst Ratings Changes

INGR has been the topic of a number of research reports. Oppenheimer dropped 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. BMO Capital Markets dropped their price target 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. StockNews.com downgraded Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Stephens dropped their price target 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ingredion currently has an average rating of “Moderate Buy” and a consensus price target of $158.20.

Insider Activity

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

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.