Schroder Investment Management Group Sells 34,193 Shares of Ingredion Incorporated (NYSE:INGR)

Schroder Investment Management Group trimmed its holdings in Ingredion Incorporated (NYSE:INGR) by 19.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 142,196 shares of the company’s stock after selling 34,193 shares during the quarter. Schroder Investment Management Group owned about 0.22% of Ingredion worth $19,501,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. D.A. Davidson & CO. raised its holdings in shares of Ingredion by 9.4% during the third quarter. D.A. Davidson & CO. now owns 4,018 shares of the company’s stock valued at $552,000 after purchasing an additional 345 shares during the last quarter. Townsquare Capital LLC lifted its holdings in shares of Ingredion by 8.8% during the 3rd quarter. Townsquare Capital LLC now owns 5,070 shares of the company’s stock valued at $697,000 after buying an additional 412 shares during the period. Verition Fund Management LLC boosted its stake in shares of Ingredion by 92.4% in the 3rd quarter. Verition Fund Management LLC now owns 12,194 shares of the company’s stock worth $1,676,000 after buying an additional 5,855 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Ingredion in the third quarter worth $673,000. Finally, Benjamin Edwards Inc. purchased a new stake in Ingredion during the third quarter valued at $1,347,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com downgraded Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. BMO Capital Markets reduced their target price on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Oppenheimer dropped their price target on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Finally, Stephens reduced their price objective on Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.20.

Insider Buying and Selling

In related 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 in the company, valued at approximately $4,295,906.76. This trade 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 currently owned by company insiders.

Ingredion Stock Down 0.4 %

INGR opened at $135.36 on Thursday. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 1.03 and a beta of 0.71. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.62. The firm’s fifty day moving average is $131.58 and its 200 day moving average is $136.48. Ingredion Incorporated has a fifty-two week low of $109.51 and a fifty-two week high of $155.44.

Ingredion (NYSE:INGR) last released its 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. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the business posted $1.65 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. On average, sell-side analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.36%. The ex-dividend date is Tuesday, April 1st. Ingredion’s dividend payout ratio 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.