Trust Investment Advisors Takes $1.60 Million Position in Ingredion Incorporated (NYSE:INGR)

Trust Investment Advisors bought a new stake in shares of Ingredion Incorporated (NYSE:INGR) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 11,631 shares of the company’s stock, valued at approximately $1,600,000. Ingredion makes up 1.0% of Trust Investment Advisors’ portfolio, making the stock its 29th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in INGR. Patriot Financial Group Insurance Agency LLC boosted its stake in Ingredion by 1.8% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 4,162 shares of the company’s stock valued at $572,000 after buying an additional 74 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Ingredion by 32.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock valued at $44,000 after acquiring an additional 79 shares during the period. Mindset Wealth Management LLC boosted its stake in shares of Ingredion by 2.1% in the 4th quarter. Mindset Wealth Management LLC now owns 3,914 shares of the company’s stock valued at $538,000 after purchasing an additional 82 shares in the last quarter. Transcend Capital Advisors LLC grew its holdings in shares of Ingredion by 2.1% in the 4th quarter. Transcend Capital Advisors LLC now owns 4,318 shares of the company’s stock worth $594,000 after purchasing an additional 90 shares during the last quarter. Finally, Truist Financial Corp increased its position in shares of Ingredion by 1.3% during the 4th quarter. Truist Financial Corp now owns 6,854 shares of the company’s stock worth $943,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Ingredion Stock Down 0.4 %

NYSE:INGR opened at $132.54 on Wednesday. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 1.03 and a beta of 0.75. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.62. The stock’s fifty day moving average price is $131.53 and its two-hundred day moving average price is $136.48. Ingredion Incorporated has a 52-week low of $109.51 and a 52-week high of $155.44.

Ingredion (NYSE:INGR) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.09. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 earnings per share. On average, analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

The firm 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. This represents a $3.20 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Tuesday, April 1st. Ingredion’s dividend payout ratio (DPR) is presently 32.96%.

Analyst Upgrades and Downgrades

INGR has been the topic of a number of recent analyst reports. BMO Capital Markets reduced their price target on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. StockNews.com lowered Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Stephens cut their price objective on Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, Oppenheimer decreased their target price 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. Based on data from MarketBeat, Ingredion has an average rating of “Moderate Buy” and an average target price of $158.20.

Insider Transactions at Ingredion

In related news, CEO James P. Zallie sold 10,815 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 34,127 shares in the company, valued at $4,295,906.76. This represents a 24.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is 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.