Amundi lowered its stake in Ingredion Incorporated (NYSE:INGR - Free Report) by 21.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,258 shares of the company's stock after selling 48,848 shares during the quarter. Amundi owned approximately 0.28% of Ingredion worth $24,200,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Ingredion during the fourth quarter valued at approximately $27,000. Prospera Private Wealth LLC acquired a new stake in Ingredion during the 3rd quarter valued at $41,000. Crews Bank & Trust purchased a new stake in shares of Ingredion in the fourth quarter valued at $48,000. Versant Capital Management Inc boosted its position in shares of Ingredion by 431.0% in the fourth quarter. Versant Capital Management Inc now owns 446 shares of the company's stock worth $61,000 after buying an additional 362 shares during the period. Finally, Quest Partners LLC purchased a new position in shares of Ingredion during the third quarter valued at $86,000. Institutional investors and hedge funds own 85.27% of the company's stock.
A number of equities research analysts have commented on the company. UBS Group raised their price objective on Ingredion from $165.00 to $173.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Stephens decreased their price target on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Oppenheimer lowered their price objective on shares of Ingredion from $178.00 to $167.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. BMO Capital Markets cut their target price on shares of Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Finally, StockNews.com cut shares of Ingredion from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $158.20.
Read Our Latest Analysis on INGR
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 transaction of $1,361,392.20. Following the sale, the chief executive officer now directly owns 34,127 shares of the company's stock, valued at $4,295,906.76. This trade represents a 24.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.
Shares of NYSE INGR traded up $0.82 during mid-day trading on Friday, reaching $131.37. 417,654 shares of the company traded hands, compared to its average volume of 602,619. The stock has a market cap of $8.43 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 1.03 and a beta of 0.75. 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 company's fifty day moving average is $131.70 and its two-hundred day moving average is $136.55. Ingredion Incorporated has a fifty-two week low of $109.51 and a fifty-two week high of $155.44.
Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $2.54 by $0.09. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company posted $1.65 earnings per share. The firm's revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be given a $0.80 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $3.20 annualized dividend and a dividend yield of 2.44%. Ingredion's dividend payout ratio is 32.96%.
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.
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