New Age Alpha Advisors LLC Makes New $5.98 Million Investment in Ingredion Incorporated (NYSE:INGR)

New Age Alpha Advisors LLC bought a new stake in Ingredion Incorporated (NYSE:INGR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 43,482 shares of the company’s stock, valued at approximately $5,981,000.

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

Insiders Place Their Bets

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 34,127 shares of the company’s stock, valued at $4,295,906.76. This represents a 24.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Ingredion Stock Performance

NYSE INGR opened at $135.46 on Friday. The company has a fifty day moving average of $131.59 and a two-hundred day moving average of $136.46. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. Ingredion Incorporated has a 1 year low of $109.51 and a 1 year high of $155.44. The company has a market capitalization of $8.69 billion, a PE ratio of 13.95, a P/E/G ratio of 1.03 and a beta of 0.75.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.09. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.65 earnings per share. As a group, analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $3.20 annualized dividend and a dividend yield of 2.36%. Ingredion’s dividend payout ratio is currently 32.96%.

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.