Dimensional Fund Advisors LP Grows Position in Ingredion Incorporated (NYSE:INGR)

Dimensional Fund Advisors LP increased its position in shares of Ingredion Incorporated (NYSE:INGR) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,820,006 shares of the company’s stock after buying an additional 61,149 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Ingredion were worth $143,181,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. AE Wealth Management LLC boosted its stake in Ingredion by 1.5% during the 4th quarter. AE Wealth Management LLC now owns 10,565 shares of the company’s stock worth $831,000 after purchasing an additional 153 shares during the last quarter. Captrust Financial Advisors boosted its position in Ingredion by 8.2% during the third quarter. Captrust Financial Advisors now owns 2,136 shares of the company’s stock worth $161,000 after acquiring an additional 161 shares during the last quarter. Point View Wealth Management Inc. grew its stake in Ingredion by 4.0% during the 4th quarter. Point View Wealth Management Inc. now owns 4,912 shares of the company’s stock valued at $386,000 after acquiring an additional 189 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Ingredion by 4.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,373 shares of the company’s stock worth $344,000 after buying an additional 198 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in Ingredion by 1.0% in the 3rd quarter. Truist Financial Corp now owns 21,948 shares of the company’s stock valued at $1,661,000 after buying an additional 220 shares in the last quarter. Institutional investors own 85.21% of the company’s stock.

Ingredion stock opened at $90.07 on Thursday. The stock’s 50 day moving average price is $90.38 and its 200 day moving average price is $81.14. The company has a market cap of $6.04 billion, a PE ratio of 17.80 and a beta of 0.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.54 and a quick ratio of 1.59. Ingredion Incorporated has a 1-year low of $68.71 and a 1-year high of $93.66.

Ingredion (NYSE:INGR) last announced its earnings results on Wednesday, February 3rd. The company reported $1.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.29. Ingredion had a net margin of 5.75% and a return on equity of 15.30%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business earned $1.54 earnings per share. Ingredion’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Ingredion Incorporated will post 5.97 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 26th. Investors of record on Thursday, April 1st will be issued a dividend of $0.64 per share. The ex-dividend date is Wednesday, March 31st. This represents a $2.56 annualized dividend and a dividend yield of 2.84%. Ingredion’s payout ratio is 38.50%.

In other news, SVP Larry Fernandes sold 750 shares of the company’s stock in a transaction on Wednesday, February 24th. The shares were sold at an average price of $92.00, for a total value of $69,000.00. Following the completion of the transaction, the senior vice president now directly owns 16,393 shares in the company, valued at $1,508,156. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 1,502 shares of company stock valued at $132,923. 1.15% of the stock is owned by company insiders.

Several research firms have recently commented on INGR. Zacks Investment Research upgraded Ingredion from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a report on Tuesday, March 23rd. TheStreet upgraded Ingredion from a “c+” rating to a “b” rating in a report on Thursday, February 4th. Finally, Credit Suisse Group increased their price target on Ingredion from $77.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, February 4th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $95.25.

About Ingredion

Ingredion, Inc manufactures and sells sweetener, starches, nutrition ingredients, and biomaterial solutions derived from the wet milling and processing of corn and other starch based materials. Its activities include turning corn, tapioca, potatoes and other vegetables and fruits into value added ingredients and biomaterials for the food, beverage, paper and corrugating, brewing, and other industries.

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Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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