Ingredion Incorporated (INGR) Stake Lessened by LPL Financial LLC

LPL Financial LLC decreased its holdings in Ingredion Incorporated (NYSE:INGR) by 57.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,097 shares of the company’s stock after selling 2,777 shares during the period. LPL Financial LLC’s holdings in Ingredion were worth $293,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Public Employees Retirement Association of Colorado increased its stake in shares of Ingredion by 3.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 13,430 shares of the company’s stock valued at $1,878,000 after purchasing an additional 455 shares during the last quarter. Uncommon Cents Investing LLC bought a new position in shares of Ingredion in the 4th quarter valued at $3,065,000. Pzena Investment Management LLC increased its stake in shares of Ingredion by 15.2% in the 4th quarter. Pzena Investment Management LLC now owns 3,495 shares of the company’s stock valued at $489,000 after purchasing an additional 462 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Ingredion by 934.0% in the 4th quarter. Teacher Retirement System of Texas now owns 25,571 shares of the company’s stock valued at $3,575,000 after purchasing an additional 23,098 shares during the last quarter. Finally, Barings LLC bought a new position in shares of Ingredion in the 4th quarter valued at $2,739,000. Institutional investors own 86.64% of the company’s stock.

In other news, SVP Robert J. Stefansic sold 9,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $129.62, for a total value of $1,166,580.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Martin Sonntag sold 14,939 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.00, for a total value of $2,016,765.00. Following the completion of the transaction, the senior vice president now directly owns 9,875 shares in the company, valued at $1,333,125. The disclosure for this sale can be found here. Insiders have sold a total of 40,541 shares of company stock worth $5,424,781 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Several equities research analysts recently weighed in on the company. ValuEngine downgraded Ingredion from a “buy” rating to a “hold” rating in a report on Friday, April 6th. Zacks Investment Research raised Ingredion from a “sell” rating to a “hold” rating in a report on Thursday, April 5th. Finally, Credit Suisse Group set a $156.00 price objective on Ingredion and gave the company a “buy” rating in a report on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $146.00.

Shares of INGR opened at $126.23 on Tuesday. The stock has a market cap of $9,116.85, a price-to-earnings ratio of 16.43, a P/E/G ratio of 1.38 and a beta of 0.75. Ingredion Incorporated has a 12 month low of $113.42 and a 12 month high of $146.28. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.66 and a current ratio of 2.52.

Ingredion (NYSE:INGR) last announced its earnings results on Thursday, February 1st. The company reported $1.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.74 by ($0.01). The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.43 billion. Ingredion had a return on equity of 20.42% and a net margin of 8.63%. The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 earnings per share. equities research analysts forecast that Ingredion Incorporated will post 8.3 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Monday, April 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Thursday, March 29th. Ingredion’s payout ratio is presently 31.17%.

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Ingredion Profile

Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, glucose and syrup solids, as well as food-grade and industrial starches, and biomaterials.

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Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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