Ingredion Incorporated (NYSE:INGR) Shares Purchased by Triodos Investment Management BV

Triodos Investment Management BV raised its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 15.4% in the 4th quarter, HoldingsChannel reports. The fund owned 60,000 shares of the company’s stock after buying an additional 8,000 shares during the quarter. Triodos Investment Management BV’s holdings in Ingredion were worth $8,254,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in INGR. BOK Financial Private Wealth Inc. acquired a new position in shares of Ingredion in the 4th quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Ingredion during the 4th quarter worth approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Ingredion by 653.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company’s stock valued at $31,000 after purchasing an additional 196 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Ingredion by 32.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock worth $44,000 after purchasing an additional 79 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of Ingredion during the fourth quarter worth $48,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Price Performance

INGR stock opened at $135.46 on Friday. The firm has a market cap of $8.69 billion, a P/E ratio of 13.95, a PEG ratio of 1.03 and a beta of 0.75. The stock’s 50 day moving average price is $131.59 and its 200 day moving average price is $136.46. Ingredion Incorporated has a 1 year low of $109.51 and a 1 year high of $155.44. 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 issued its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.54 by $0.09. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the business posted $1.65 earnings per share. Ingredion’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, sell-side analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be paid a $0.80 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $3.20 annualized dividend and a dividend yield of 2.36%. Ingredion’s dividend payout ratio (DPR) is presently 32.96%.

Insider Activity at Ingredion

In other 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 approximately $4,295,906.76. The trade was a 24.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on INGR. Oppenheimer lowered their target price on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. StockNews.com lowered Ingredion from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Stephens lowered their price target on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, BMO Capital Markets decreased their price objective on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Ingredion currently has an average rating of “Moderate Buy” and a consensus price target of $158.20.

About Ingredion

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.