Ingredion Incorporated (NYSE:INGR) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its stake in Ingredion Incorporated (NYSE:INGR) by 67.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,856 shares of the company’s stock after selling 41,857 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Ingredion were worth $2,155,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Paradiem LLC boosted its holdings in Ingredion by 64.2% in the 4th quarter. Paradiem LLC now owns 73,190 shares of the company’s stock valued at $7,943,000 after purchasing an additional 28,617 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Ingredion by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,471,587 shares of the company’s stock valued at $268,243,000 after buying an additional 82,599 shares in the last quarter. Schroder Investment Management Group grew its holdings in Ingredion by 833.7% during the third quarter. Schroder Investment Management Group now owns 136,606 shares of the company’s stock worth $13,442,000 after acquiring an additional 121,976 shares during the period. Centric Wealth Management purchased a new position in Ingredion in the fourth quarter worth $1,590,000. Finally, Equity Investment Corp lifted its holdings in Ingredion by 1.4% in the third quarter. Equity Investment Corp now owns 908,776 shares of the company’s stock valued at $89,424,000 after acquiring an additional 12,427 shares during the period. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Larry Fernandes sold 2,369 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $119.11, for a total value of $282,171.59. Following the completion of the transaction, the senior vice president now owns 28,848 shares of the company’s stock, valued at $3,436,085.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, SVP Larry Fernandes sold 2,369 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $119.11, for a total value of $282,171.59. Following the completion of the transaction, the senior vice president now directly owns 28,848 shares in the company, valued at $3,436,085.28. The transaction 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 stock was sold at an average price of $117.38, for a total value of $231,003.84. Following the transaction, the vice president now owns 1,723 shares in the company, valued at $202,245.74. The disclosure for this sale can be found here. Insiders have sold 67,410 shares of company stock valued at $7,946,056 in the last ninety days. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on INGR shares. StockNews.com raised shares of Ingredion from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 22nd. Barclays increased their target price on shares of Ingredion from $115.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Stephens reissued an “overweight” rating and set a $130.00 price target on shares of Ingredion in a research note on Wednesday, February 7th. BMO Capital Markets raised their price objective on Ingredion from $117.00 to $120.00 and gave the company a “market perform” rating in a research note on Thursday, May 9th. Finally, The Goldman Sachs Group raised Ingredion from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $122.00 to $135.00 in a report on Thursday, February 15th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.17.

Ingredion Trading Down 0.4 %

Shares of INGR opened at $118.31 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.44 and a quick ratio of 1.39. Ingredion Incorporated has a 1-year low of $89.54 and a 1-year high of $122.18. The stock has a market cap of $7.77 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 1.11 and a beta of 0.81. The firm has a 50 day simple moving average of $115.67 and a 200-day simple moving average of $111.19.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Wednesday, May 8th. The company reported $2.08 earnings per share for the quarter, hitting the consensus estimate of $2.08. Ingredion had a return on equity of 16.56% and a net margin of 8.45%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the business posted $2.80 earnings per share. Ingredion’s revenue was down 11.9% compared to the same quarter last year. Equities analysts forecast that Ingredion Incorporated will post 9.67 EPS for the current fiscal year.

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Monday, July 1st will be issued a $0.78 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $3.12 dividend on an annualized basis and a yield of 2.64%. Ingredion’s dividend payout ratio (DPR) is 31.26%.

Ingredion Company 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.