Headlands Technologies LLC Has $211,000 Position in Ingredion Incorporated (NYSE:INGR)

Headlands Technologies LLC grew its position in Ingredion Incorporated (NYSE:INGR) by 613.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,533 shares of the company’s stock after purchasing an additional 1,318 shares during the quarter. Headlands Technologies LLC’s holdings in Ingredion were worth $211,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Verition Fund Management LLC grew its stake in Ingredion by 92.4% during the third quarter. Verition Fund Management LLC now owns 12,194 shares of the company’s stock worth $1,676,000 after buying an additional 5,855 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Ingredion in the 3rd quarter worth approximately $1,347,000. IHT Wealth Management LLC bought a new stake in Ingredion during the 3rd quarter worth approximately $221,000. Quantinno Capital Management LP increased its holdings in Ingredion by 3.0% during the 3rd quarter. Quantinno Capital Management LP now owns 28,617 shares of the company’s stock valued at $3,933,000 after purchasing an additional 836 shares in the last quarter. Finally, State Street Corp raised its position in Ingredion by 0.8% in the 3rd quarter. State Street Corp now owns 2,436,601 shares of the company’s stock valued at $334,862,000 after purchasing an additional 19,560 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. BMO Capital Markets decreased their target price on Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. StockNews.com cut shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Oppenheimer dropped their target price 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. Finally, Stephens decreased their price target on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Ingredion currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.20.

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 shares were sold at an average price of $125.88, for a total value of $1,361,392.20. Following the sale, the chief executive officer now directly owns 34,127 shares in the company, valued at approximately $4,295,906.76. This trade represents a 24.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Ingredion Stock Down 4.2 %

Shares of NYSE INGR opened at $130.69 on Friday. Ingredion Incorporated has a 1 year low of $109.51 and a 1 year high of $155.44. The firm’s 50-day moving average is $131.47 and its 200-day moving average is $136.45. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $8.39 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.03 and a beta of 0.71.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.09. The firm had revenue of $1.80 billion for 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%. During the same period last year, the firm earned $1.65 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities analysts expect that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Tuesday, April 1st. Ingredion’s payout ratio is 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.