Ingredion Incorporated $INGR Shares Sold by Strs Ohio

Strs Ohio lessened its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 92.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,527 shares of the company’s stock after selling 17,541 shares during the period. Strs Ohio’s holdings in Ingredion were worth $186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in INGR. Integrated Wealth Concepts LLC lifted its holdings in shares of Ingredion by 32.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company’s stock valued at $281,000 after buying an additional 514 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ingredion by 63.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,694 shares of the company’s stock worth $499,000 after buying an additional 1,440 shares during the period. NewEdge Advisors LLC lifted its position in shares of Ingredion by 9.0% during the 1st quarter. NewEdge Advisors LLC now owns 9,687 shares of the company’s stock valued at $1,310,000 after buying an additional 797 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Ingredion by 5.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company’s stock valued at $13,712,000 after buying an additional 5,255 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in shares of Ingredion by 5.6% during the first quarter. Focus Partners Wealth now owns 3,636 shares of the company’s stock worth $492,000 after purchasing an additional 192 shares in the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on INGR. Wall Street Zen lowered shares of Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research report on Monday, December 29th. UBS Group lowered their price objective on Ingredion from $130.00 to $119.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Oppenheimer set a $136.00 target price on Ingredion in a research note on Wednesday, October 22nd. Finally, BMO Capital Markets decreased their price target on Ingredion from $143.00 to $123.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Ingredion has a consensus rating of “Hold” and a consensus price target of $124.33.

Ingredion Stock Down 0.6%

Ingredion stock opened at $117.38 on Tuesday. The firm has a market capitalization of $7.46 billion, a P/E ratio of 11.70, a P/E/G ratio of 0.94 and a beta of 0.71. The stock’s fifty day simple moving average is $111.91 and its 200-day simple moving average is $118.42. The company has a current ratio of 2.75, a quick ratio of 1.79 and a debt-to-equity ratio of 0.41. Ingredion Incorporated has a twelve month low of $102.31 and a twelve month high of $141.78.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $0.02. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.90 billion. Ingredion had a return on equity of 18.14% and a net margin of 9.07%. As a group, equities analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 2nd were given a $0.82 dividend. The ex-dividend date was Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a yield of 2.8%. Ingredion’s dividend payout ratio (DPR) is presently 32.70%.

Ingredion Company Profile

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.