South Dakota Investment Council Sells 26,825 Shares of Ingredion Incorporated (NYSE:INGR)

South Dakota Investment Council decreased its position in shares of Ingredion Incorporated (NYSE:INGR) by 45.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,487 shares of the company’s stock after selling 26,825 shares during the quarter. South Dakota Investment Council’s holdings in Ingredion were worth $4,469,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Creative Planning increased its stake in shares of Ingredion by 5.5% in the 3rd quarter. Creative Planning now owns 11,203 shares of the company’s stock valued at $1,540,000 after acquiring an additional 584 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Ingredion by 126.1% in the 3rd quarter. Blue Trust Inc. now owns 1,343 shares of the company’s stock valued at $185,000 after acquiring an additional 749 shares in the last quarter. Signaturefd LLC increased its stake in shares of Ingredion by 5.7% in the 3rd quarter. Signaturefd LLC now owns 1,570 shares of the company’s stock valued at $216,000 after acquiring an additional 85 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Ingredion by 10.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,003 shares of the company’s stock valued at $550,000 after acquiring an additional 387 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of Ingredion by 114.1% in the 3rd quarter. Allworth Financial LP now owns 929 shares of the company’s stock valued at $128,000 after acquiring an additional 495 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Stock Performance

Shares of INGR stock opened at $128.07 on Monday. The firm has a market capitalization of $8.22 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.03 and a beta of 0.74. The firm has a fifty day simple moving average of $133.87 and a two-hundred day simple moving average of $136.57. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. Ingredion Incorporated has a 12 month low of $109.51 and a 12 month high of $155.44.

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

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Thursday, January 2nd were paid a $0.80 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.20 annualized dividend and a dividend yield of 2.50%. Ingredion’s payout ratio is 32.96%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on INGR shares. Oppenheimer lowered their price objective on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Barclays lifted their price objective on shares of Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. StockNews.com lowered shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Stephens lowered their price objective on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, UBS Group boosted their price target on shares of Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ingredion presently has an average rating of “Moderate Buy” and a consensus price target of $158.20.

Insider Transactions at Ingredion

In other news, CEO James P. Zallie sold 10,815 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $125.88, for a total value of $1,361,392.20. Following the completion of the sale, the chief executive officer now owns 34,127 shares in the company, valued at $4,295,906.76. This represents a 24.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO James D. Gray sold 54,869 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $146.76, for a total transaction of $8,052,574.44. Following the completion of the sale, the chief financial officer now owns 12,795 shares of the company’s stock, valued at approximately $1,877,794.20. The trade was a 81.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,685 shares of company stock worth $9,414,112 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

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.