Mutual of America Capital Management LLC Decreases Stock Position in Ingredion Incorporated (NYSE:INGR)

Mutual of America Capital Management LLC decreased its position in shares of Ingredion Incorporated (NYSE:INGR) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,419 shares of the company’s stock after selling 745 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Ingredion worth $4,735,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Ingredion during the fourth quarter valued at about $27,000. Prospera Private Wealth LLC purchased a new position in Ingredion in the third quarter valued at about $41,000. Crews Bank & Trust acquired a new stake in Ingredion during the 4th quarter valued at approximately $48,000. Versant Capital Management Inc increased its holdings in Ingredion by 431.0% during the 4th quarter. Versant Capital Management Inc now owns 446 shares of the company’s stock worth $61,000 after purchasing an additional 362 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Ingredion in the 3rd quarter valued at approximately $86,000. Institutional investors and hedge funds own 85.27% of the company’s stock.

Insider Activity

In other news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction that occurred on 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 owns 34,127 shares of the company’s stock, valued at approximately $4,295,906.76. The trade was a 24.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Ingredion Trading Down 1.1 %

NYSE INGR opened at $129.13 on Wednesday. The firm has a market capitalization of $8.29 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.03 and a beta of 0.74. Ingredion Incorporated has a one year low of $109.51 and a one year high of $155.44. The company has a 50-day simple moving average of $132.50 and a 200-day simple moving average of $136.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.62.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.54 by $0.09. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The business’s revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 earnings per share. On average, equities analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Thursday, January 2nd were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Thursday, January 2nd. Ingredion’s payout ratio is 32.96%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on INGR. Barclays raised their price target on shares of Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. StockNews.com downgraded shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. UBS Group increased their price target on shares of Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Oppenheimer decreased their price target on Ingredion from $178.00 to $167.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Finally, Stephens cut their price objective on Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.20.

Ingredion Profile

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.