Vident Investment Advisory LLC increased its stake in shares of Ingredion Inc (NYSE:INGR) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,997 shares of the company’s stock after buying an additional 29 shares during the period. Vident Investment Advisory LLC’s holdings in Ingredion were worth $2,249,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Global X Management Co. LLC increased its stake in Ingredion by 58.0% in the third quarter. Global X Management Co. LLC now owns 771 shares of the company’s stock valued at $103,000 after buying an additional 283 shares during the period. NEXT Financial Group Inc increased its stake in Ingredion by 14.4% in the third quarter. NEXT Financial Group Inc now owns 795 shares of the company’s stock valued at $106,000 after buying an additional 100 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Ingredion during the fourth quarter valued at $125,000. Focused Wealth Management Inc bought a new stake in Ingredion during the fourth quarter valued at $125,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Ingredion during the fourth quarter valued at $169,000. 85.31% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

Ingredion Inc (NYSE:INGR) opened at 120.00 on Friday. Ingredion Inc has a one year low of $104.19 and a one year high of $140.00. The stock’s 50 day moving average is $120.95 and its 200-day moving average is $126.10. The firm has a market capitalization of $8.61 billion, a PE ratio of 18.32 and a beta of 0.73.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Thursday, February 2nd. The company reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.03. Ingredion had a net margin of 8.33% and a return on equity of 21.08%. The company earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the company earned $1.42 EPS. The firm’s revenue was down .4% on a year-over-year basis. On average, analysts anticipate that Ingredion Inc will post $7.59 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 25th. Stockholders of record on Friday, March 31st will be paid a $0.50 dividend. The ex-dividend date is Wednesday, March 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.67%. Ingredion’s dividend payout ratio (DPR) is 30.77%.

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Several equities research analysts have weighed in on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $145.00 price target on shares of Ingredion in a research note on Friday, February 3rd. Stephens downgraded shares of Ingredion from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 3rd. Finally, Zacks Investment Research raised shares of Ingredion from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Friday, January 20th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Ingredion has an average rating of “Buy” and an average target price of $148.50.

About Ingredion

Ingredion Incorporated (Ingredion) is a global ingredients solutions provider. The Company is engaged in the production and sale of starches and sweeteners for a range of industries. Its operations are classified into four segments: North America, South America, Asia Pacific, and Europe, Middle East and Africa (EMEA).

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