Robecosam AG trimmed its holdings in Ingredion Incorporated (NYSE:INGR) by 19.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,872 shares of the company’s stock after selling 6,364 shares during the period. Robecosam AG’s holdings in Ingredion were worth $3,157,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. HL Financial Services LLC lifted its position in shares of Ingredion by 0.4% in the second quarter. HL Financial Services LLC now owns 2,730 shares of the company’s stock valued at $325,000 after acquiring an additional 12 shares in the last quarter. IndexIQ Advisors LLC lifted its position in shares of Ingredion by 1.8% in the second quarter. IndexIQ Advisors LLC now owns 1,655 shares of the company’s stock valued at $197,000 after acquiring an additional 29 shares in the last quarter. Somerset Trust Co lifted its position in shares of Ingredion by 0.5% in the second quarter. Somerset Trust Co now owns 6,317 shares of the company’s stock valued at $753,000 after acquiring an additional 30 shares in the last quarter. Linscomb & Williams Inc. lifted its position in shares of Ingredion by 1.4% in the second quarter. Linscomb & Williams Inc. now owns 2,209 shares of the company’s stock valued at $263,000 after acquiring an additional 30 shares in the last quarter. Finally, Smithfield Trust Co. lifted its position in shares of Ingredion by 2.1% in the second quarter. Smithfield Trust Co. now owns 1,650 shares of the company’s stock valued at $197,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.
Ingredion Incorporated (NYSE INGR) traded up 1.04% during midday trading on Friday, hitting $124.64. The company had a trading volume of 53,804 shares. The firm has a market capitalization of $8.94 billion, a P/E ratio of 18.75 and a beta of 0.59. The company has a 50 day moving average price of $122.86 and a 200 day moving average price of $120.50. Ingredion Incorporated has a 1-year low of $113.07 and a 1-year high of $137.62.
Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $1.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.86 by $0.03. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.50 billion. Ingredion had a net margin of 8.35% and a return on equity of 20.84%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.53 EPS. Equities research analysts forecast that Ingredion Incorporated will post $7.60 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Monday, October 2nd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.95%. This is an increase from Ingredion’s previous quarterly dividend of $0.50. Ingredion’s dividend payout ratio (DPR) is currently 36.09%.
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In related news, VP James P. Zallie sold 27,972 shares of Ingredion stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $125.39, for a total value of $3,507,409.08. Following the completion of the sale, the vice president now owns 29,429 shares in the company, valued at approximately $3,690,102.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James P. Zallie sold 21,862 shares of Ingredion stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $125.04, for a total transaction of $2,733,624.48. Following the completion of the sale, the vice president now owns 29,306 shares of the company’s stock, valued at approximately $3,664,422.24. The disclosure for this sale can be found here. Insiders have sold a total of 52,882 shares of company stock valued at $6,622,034 in the last 90 days. Insiders own 1.92% of the company’s stock.
Several equities analysts have recently commented on the company. BidaskClub upgraded Ingredion from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 16th. Zacks Investment Research downgraded Ingredion from a “buy” rating to a “hold” rating and set a $135.00 target price on the stock. in a research report on Wednesday, September 27th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $125.00 target price on shares of Ingredion in a research report on Tuesday, June 27th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $140.00.
Ingredion Company Profile
Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.
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