HL Financial Services LLC Reduces Holdings in Ingredion Incorporated (INGR)

HL Financial Services LLC trimmed its position in Ingredion Incorporated (NYSE:INGR) by 23.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,103 shares of the company’s stock after selling 627 shares during the period. HL Financial Services LLC’s holdings in Ingredion were worth $254,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Victory Capital Management Inc. raised its stake in shares of Ingredion by 6,380.0% in the second quarter. Victory Capital Management Inc. now owns 745,917 shares of the company’s stock worth $88,921,000 after buying an additional 734,406 shares during the period. Schroder Investment Management Group raised its stake in shares of Ingredion by 244.5% in the second quarter. Schroder Investment Management Group now owns 675,062 shares of the company’s stock worth $79,319,000 after buying an additional 479,087 shares during the period. Janus Henderson Group PLC raised its stake in shares of Ingredion by 2,022.8% in the second quarter. Janus Henderson Group PLC now owns 299,848 shares of the company’s stock worth $35,744,000 after buying an additional 285,723 shares during the period. FMR LLC raised its stake in shares of Ingredion by 108.7% in the second quarter. FMR LLC now owns 543,986 shares of the company’s stock worth $64,849,000 after buying an additional 283,304 shares during the period. Finally, PGGM Investments bought a new position in shares of Ingredion in the second quarter worth about $31,600,000. 84.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ingredion Incorporated (NYSE INGR) traded up $1.50 on Wednesday, reaching $130.63. The company had a trading volume of 519,700 shares, compared to its average volume of 428,063. The company has a market cap of $9,279.93, a P/E ratio of 16.88, a PEG ratio of 1.52 and a beta of 0.68. Ingredion Incorporated has a 52 week low of $113.07 and a 52 week high of $132.20. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.41 and a quick ratio of 1.53.

Ingredion (NYSE:INGR) last issued its earnings results on Wednesday, November 1st. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.17. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.52 billion. Ingredion had a return on equity of 20.92% and a net margin of 8.73%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the company earned $1.96 EPS. equities research analysts predict that Ingredion Incorporated will post 7.71 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Monday, October 2nd were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Friday, September 29th. This is an increase from Ingredion’s previous quarterly dividend of $0.50. Ingredion’s dividend payout ratio (DPR) is 34.38%.

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INGR has been the topic of several recent research reports. Zacks Investment Research downgraded Ingredion from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub raised Ingredion from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Jefferies Group LLC set a $145.00 price objective on Ingredion and gave the stock a “buy” rating in a research note on Sunday, October 29th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $140.00.

In related news, VP James P. Zallie sold 21,862 shares of Ingredion stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $125.04, for a total transaction of $2,733,624.48. Following the sale, the vice president now owns 29,306 shares of the company’s stock, valued at approximately $3,664,422.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James P. Zallie sold 3,048 shares of Ingredion stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $125.00, for a total value of $381,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 52,882 shares of company stock worth $6,622,034 in the last three months. 1.92% of the stock is owned by corporate insiders.

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.

Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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