Ingredion Incorporated (INGR) Holdings Reduced by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado reduced its holdings in Ingredion Incorporated (NYSE:INGR) by 7.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,975 shares of the company’s stock after selling 1,080 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Ingredion were worth $1,565,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Gateway Investment Advisers LLC bought a new stake in shares of Ingredion during the second quarter valued at approximately $5,588,000. National Pension Service increased its position in shares of Ingredion by 108.9% during the second quarter. National Pension Service now owns 894 shares of the company’s stock valued at $105,000 after purchasing an additional 466 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in shares of Ingredion by 3.2% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 3,684 shares of the company’s stock valued at $439,000 after purchasing an additional 114 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of Ingredion by 504.4% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 11,671 shares of the company’s stock valued at $1,391,000 after purchasing an additional 9,740 shares during the period. Finally, LS Investment Advisors LLC increased its position in shares of Ingredion by 15.1% during the second quarter. LS Investment Advisors LLC now owns 7,305 shares of the company’s stock valued at $871,000 after purchasing an additional 961 shares during the period. 84.14% of the stock is currently owned by institutional investors.
Shares of Ingredion Incorporated (NYSE INGR) opened at $130.30 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.41 and a quick ratio of 1.53. The company has a market capitalization of $9,343.89, a price-to-earnings ratio of 17.00, a P/E/G ratio of 1.53 and a beta of 0.68. Ingredion Incorporated has a one year low of $113.07 and a one year high of $132.20.
Ingredion (NYSE:INGR) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $2.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.17. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.52 billion. Ingredion had a return on equity of 20.92% and a net margin of 8.73%. Ingredion’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.96 EPS. equities analysts forecast that Ingredion Incorporated will post 7.71 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Monday, October 2nd were paid a $0.60 dividend. This is a positive change from Ingredion’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, September 29th. This represents a $2.40 annualized dividend and a yield of 1.84%. Ingredion’s payout ratio is currently 34.38%.
In related news, VP James P. Zallie sold 27,972 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $125.39, for a total value of $3,507,409.08. Following the sale, the vice president now owns 29,429 shares of the company’s stock, valued at approximately $3,690,102.31. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP James P. Zallie sold 21,862 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $125.04, for a total value of $2,733,624.48. Following the completion of the sale, the vice president now directly owns 29,306 shares in the company, valued at approximately $3,664,422.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,882 shares of company stock worth $6,622,034. 1.92% of the stock is owned by insiders.
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A number of research firms have recently issued reports on INGR. BMO Capital Markets restated a “hold” rating and set a $125.00 price objective on shares of Ingredion in a research report on Friday, September 29th. BidaskClub upgraded Ingredion from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, Zacks Investment Research cut Ingredion from a “buy” rating to a “hold” rating and set a $135.00 price objective on the stock. in a research report on Wednesday, September 27th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Ingredion presently has a consensus rating of “Hold” and a consensus price target 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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