Hillsdale Investment Management Inc. Purchases 5,100 Shares of Ingredion Incorporated (NYSE:INGR)

Hillsdale Investment Management Inc. lifted its position in Ingredion Incorporated (NYSE:INGR) by 3,923.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,230 shares of the company’s stock after purchasing an additional 5,100 shares during the period. Hillsdale Investment Management Inc.’s holdings in Ingredion were worth $719,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in INGR. BOK Financial Private Wealth Inc. bought a new stake in Ingredion in the fourth quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Ingredion in the fourth quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its holdings in Ingredion by 32.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock valued at $44,000 after acquiring an additional 79 shares in the last quarter. Crews Bank & Trust bought a new stake in Ingredion in the fourth quarter valued at $48,000. Finally, Millstone Evans Group LLC bought a new stake in Ingredion in the fourth quarter valued at $55,000. Institutional investors own 85.27% of the company’s stock.

Insider Transactions at Ingredion

In other news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction dated 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 transaction, the chief executive officer now owns 34,127 shares of the company’s stock, valued at $4,295,906.76. The trade was a 24.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by insiders.

Ingredion Stock Performance

Shares of INGR stock opened at $130.32 on Monday. Ingredion Incorporated has a 12 month low of $109.51 and a 12 month high of $155.44. The stock has a market cap of $8.36 billion, a PE ratio of 13.42, 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. The company’s fifty day moving average price is $131.51 and its 200-day moving average price is $136.51.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.09. The firm had revenue of $1.80 billion during 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 quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.65 EPS. On average, equities analysts expect that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Tuesday, April 1st. Ingredion’s dividend payout ratio is presently 32.96%.

Wall Street Analysts Forecast Growth

INGR has been the topic of several recent analyst reports. StockNews.com cut shares of Ingredion from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Stephens cut their price target on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. BMO Capital Markets cut their price target on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Finally, Oppenheimer dropped their target price on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.20.

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.