Mindset Wealth Management LLC Has $538,000 Stock Position in Ingredion Incorporated (NYSE:INGR)

Mindset Wealth Management LLC lifted its position in shares of Ingredion Incorporated (NYSE:INGR) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,914 shares of the company’s stock after purchasing an additional 82 shares during the quarter. Mindset Wealth Management LLC’s holdings in Ingredion were worth $538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Magnetar Financial LLC grew its holdings in shares of Ingredion by 606.2% during the 4th quarter. Magnetar Financial LLC now owns 38,023 shares of the company’s stock worth $5,230,000 after purchasing an additional 32,639 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Ingredion by 15.5% during the 4th quarter. Teacher Retirement System of Texas now owns 75,279 shares of the company’s stock worth $10,355,000 after purchasing an additional 10,117 shares in the last quarter. Harvest Fund Management Co. Ltd grew its holdings in shares of Ingredion by 1,231.6% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,369 shares of the company’s stock worth $464,000 after purchasing an additional 3,116 shares in the last quarter. Xponance Inc. lifted its position in shares of Ingredion by 22.0% during the 4th quarter. Xponance Inc. now owns 8,591 shares of the company’s stock worth $1,182,000 after buying an additional 1,551 shares during the period. Finally, Intech Investment Management LLC lifted its position in shares of Ingredion by 65.8% during the 4th quarter. Intech Investment Management LLC now owns 17,480 shares of the company’s stock worth $2,405,000 after buying an additional 6,937 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Insider Transactions at Ingredion

In related news, CEO James P. Zallie sold 10,815 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the sale, the chief executive officer now owns 34,127 shares in the company, valued at approximately $4,295,906.76. This represents a 24.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on INGR. Oppenheimer cut 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. BMO Capital Markets cut their price objective on Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Stephens cut their price objective 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. Finally, StockNews.com downgraded Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $158.20.

Ingredion Trading Down 0.5 %

INGR stock opened at $131.74 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47. Ingredion Incorporated has a twelve month low of $109.51 and a twelve month high of $155.44. The business has a fifty day moving average of $131.52 and a 200-day moving average of $136.51. The company has a market cap of $8.46 billion, a P/E ratio of 13.57, a PEG ratio of 1.03 and a beta of 0.75.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $2.63 EPS 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 business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm earned $1.65 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts expect that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

The firm 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 of this dividend is Tuesday, April 1st. This represents a $3.20 dividend on an annualized basis and a yield of 2.43%. Ingredion’s payout ratio is 32.96%.

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.