UNIVEST FINANCIAL Corp Has $1.33 Million Stake in Ingredion Incorporated (NYSE:INGR)

UNIVEST FINANCIAL Corp boosted its stake in shares of Ingredion Incorporated (NYSE:INGR) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,646 shares of the company’s stock after acquiring an additional 395 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Ingredion were worth $1,327,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INGR. BOK Financial Private Wealth Inc. acquired a new position in shares of Ingredion in the 4th quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Ingredion during the fourth quarter worth $27,000. EverSource Wealth Advisors LLC increased its stake in shares of Ingredion by 32.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock valued at $44,000 after buying an additional 79 shares in the last quarter. Crews Bank & Trust acquired a new position in Ingredion during the 4th quarter worth about $48,000. Finally, Millstone Evans Group LLC bought a new stake in Ingredion during the 4th quarter worth about $55,000. 85.27% of the stock is owned by institutional investors.

Ingredion Price Performance

INGR opened at $135.01 on Thursday. The company has a fifty day moving average price of $131.57 and a two-hundred day moving average price of $136.47. The firm has a market capitalization of $8.67 billion, a PE ratio of 13.90, a P/E/G ratio of 1.03 and a beta of 0.75. Ingredion Incorporated has a 52 week low of $109.51 and a 52 week high of $155.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.62.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.09. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.65 earnings per share. As a group, analysts anticipate that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be given a $0.80 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.37%. Ingredion’s dividend payout ratio is 32.96%.

Insider Buying and Selling

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. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

INGR has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Stephens reduced their price objective on Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. BMO Capital Markets lowered their target price on Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Finally, Oppenheimer cut their price target on Ingredion from $178.00 to $167.00 and set an “outperform” 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 issued a buy rating to the company. Based on data from MarketBeat, Ingredion presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.20.

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.