Louisiana State Employees Retirement System lessened its holdings in Ingredion Inc (NYSE:INGR) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,200 shares of the company’s stock after selling 900 shares during the period. Louisiana State Employees Retirement System’s holdings in Ingredion were worth $2,544,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. raised its holdings in shares of Ingredion by 15.0% in the 2nd quarter. Franklin Resources Inc. now owns 8,667 shares of the company’s stock valued at $1,033,000 after buying an additional 1,129 shares during the period. Stephens Inc. AR raised its holdings in shares of Ingredion by 16.5% in the 2nd quarter. Stephens Inc. AR now owns 3,348 shares of the company’s stock valued at $399,000 after buying an additional 474 shares during the period. Raymond James Trust N.A. raised its holdings in shares of Ingredion by 5.4% in the 2nd quarter. Raymond James Trust N.A. now owns 2,308 shares of the company’s stock valued at $275,000 after buying an additional 119 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Ingredion by 17.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 242,644 shares of the company’s stock valued at $28,918,000 after buying an additional 35,887 shares during the period. Finally, Amalgamated Bank raised its holdings in shares of Ingredion by 21.4% in the 2nd quarter. Amalgamated Bank now owns 13,973 shares of the company’s stock valued at $1,666,000 after buying an additional 2,462 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on INGR shares. Zacks Investment Research downgraded Ingredion from a “buy” rating to a “hold” rating in a report on Thursday. BMO Capital Markets restated a “hold” rating and set a $125.00 price target on shares of Ingredion in a report on Friday, September 29th. Credit Suisse Group set a $156.00 price target on Ingredion and gave the stock a “buy” rating in a report on Wednesday, January 10th. Finally, BidaskClub downgraded Ingredion from a “hold” rating to a “sell” rating in a report on Friday, September 22nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $144.50.
Ingredion Inc (NYSE:INGR) opened at $137.06 on Thursday. Ingredion Inc has a 1-year low of $113.07 and a 1-year high of $142.64. The company has a market capitalization of $9,804.54, a PE ratio of 19.64, a PEG ratio of 1.47 and a beta of 0.72. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.41 and a quick ratio of 1.53.
Ingredion (NYSE:INGR) last released its quarterly earnings data on Wednesday, November 1st. The company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.17. Ingredion had a return on equity of 20.92% and a net margin of 8.73%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the business posted $1.96 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. sell-side analysts forecast that Ingredion Inc will post 7.73 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Tuesday, January 2nd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.75%. Ingredion’s payout ratio is currently 34.38%.
In other news, SVP Jorgen Kokke sold 20,674 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $133.00, for a total value of $2,749,642.00. Following the transaction, the senior vice president now owns 23,119 shares in the company, valued at approximately $3,074,827. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.92% of the company’s stock.
Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.
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