International Assets Investment Management LLC Takes $3.70 Million Position in Ingredion Incorporated (NYSE:INGR)

International Assets Investment Management LLC acquired a new stake in Ingredion Incorporated (NYSE:INGR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 34,088 shares of the company’s stock, valued at approximately $3,700,000. International Assets Investment Management LLC owned approximately 0.05% of Ingredion as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the business. Quarry LP purchased a new stake in Ingredion during the 2nd quarter valued at $30,000. Aspire Private Capital LLC boosted its position in Ingredion by 172.3% during the 4th quarter. Aspire Private Capital LLC now owns 354 shares of the company’s stock valued at $34,667,220,000 after buying an additional 224 shares during the period. Blue Trust Inc. boosted its position in Ingredion by 40.2% during the 4th quarter. Blue Trust Inc. now owns 359 shares of the company’s stock valued at $39,000 after buying an additional 103 shares during the period. Cary Street Partners Investment Advisory LLC boosted its position in Ingredion by 63.9% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 377 shares of the company’s stock valued at $37,000 after buying an additional 147 shares during the period. Finally, Allworth Financial LP boosted its position in Ingredion by 414.1% during the 3rd quarter. Allworth Financial LP now owns 401 shares of the company’s stock valued at $39,000 after buying an additional 323 shares during the period. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Insider Buying and Selling

In related news, SVP Larry Fernandes sold 2,369 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $115.08, for a total value of $272,624.52. Following the completion of the transaction, the senior vice president now directly owns 28,966 shares in the company, valued at approximately $3,333,407.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Larry Fernandes sold 2,369 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $115.08, for a total transaction of $272,624.52. Following the sale, the senior vice president now directly owns 28,966 shares of the company’s stock, valued at approximately $3,333,407.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Davida Marie Gable sold 1,968 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $117.38, for a total transaction of $231,003.84. Following the sale, the vice president now directly owns 1,723 shares in the company, valued at $202,245.74. The disclosure for this sale can be found here. Insiders sold a total of 58,921 shares of company stock worth $6,903,045 in the last three months. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group raised shares of Ingredion from a “neutral” rating to a “buy” rating and increased their price target for the company from $122.00 to $135.00 in a research report on Thursday, February 15th. StockNews.com upgraded shares of Ingredion from a “buy” rating to a “strong-buy” rating in a report on Friday, March 22nd. Stephens restated an “overweight” rating and issued a $130.00 price objective on shares of Ingredion in a report on Wednesday, February 7th. Finally, Barclays upped their price objective on shares of Ingredion from $115.00 to $122.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.67.

Ingredion Stock Down 0.2 %

Shares of Ingredion stock opened at $111.30 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.92 and a quick ratio of 1.10. The company has a 50-day moving average of $114.75 and a 200 day moving average of $107.13. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.04 and a beta of 0.81. Ingredion Incorporated has a 1 year low of $89.54 and a 1 year high of $118.83.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.10. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.07 billion. Ingredion had a net margin of 7.88% and a return on equity of 18.57%. Ingredion’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business earned $1.65 EPS. As a group, sell-side analysts anticipate that Ingredion Incorporated will post 9.62 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Monday, April 1st will be paid a $0.78 dividend. The ex-dividend date is Thursday, March 28th. This represents a $3.12 annualized dividend and a dividend yield of 2.80%. Ingredion’s payout ratio is 32.50%.

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.