Xponance Inc. Has $1.18 Million Stock Holdings in Ingredion Incorporated (NYSE:INGR)

Xponance Inc. boosted its position in Ingredion Incorporated (NYSE:INGR) by 22.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,591 shares of the company’s stock after buying an additional 1,551 shares during the quarter. Xponance Inc.’s holdings in Ingredion were worth $1,182,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in INGR. State Street Corp increased its position in Ingredion by 0.8% during the 3rd quarter. State Street Corp now owns 2,436,601 shares of the company’s stock worth $334,862,000 after purchasing an additional 19,560 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Ingredion by 16.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,890,488 shares of the company’s stock worth $260,056,000 after buying an additional 268,389 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Ingredion by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,167,693 shares of the company’s stock valued at $160,516,000 after acquiring an additional 19,064 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Ingredion by 11.9% during the 4th quarter. Allianz Asset Management GmbH now owns 842,763 shares of the company’s stock valued at $115,930,000 after acquiring an additional 89,335 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Ingredion by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 753,680 shares of the company’s stock worth $103,675,000 after acquiring an additional 28,306 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

INGR has been the topic of a number of recent research reports. Stephens cut their price target on Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Oppenheimer reduced their target price on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. BMO Capital Markets dropped their price target on shares of 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, StockNews.com cut shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $158.20.

Ingredion Stock Down 1.1 %

INGR opened at $130.32 on Monday. Ingredion Incorporated has a fifty-two week low of $109.51 and a fifty-two week high of $155.44. The company’s 50-day moving average is $131.51 and its 200 day moving average is $136.51. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. The firm has a market capitalization of $8.36 billion, a P/E ratio of 13.42, a PEG ratio of 1.03 and a beta of 0.75.

Ingredion (NYSE:INGR) last announced its quarterly earnings results 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 for 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 business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.65 EPS. Research analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.80 per share. The ex-dividend date is Tuesday, April 1st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.46%. Ingredion’s dividend payout ratio (DPR) is 32.96%.

Insider Buying and Selling

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by corporate insiders.

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.