Anderson Hoagland & Co. Sells 373 Shares of Ingredion Incorporated (NYSE:INGR)

Anderson Hoagland & Co. cut its holdings in Ingredion Incorporated (NYSE:INGR) by 17.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,768 shares of the company’s stock after selling 373 shares during the period. Anderson Hoagland & Co.’s holdings in Ingredion were worth $239,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Ingredion in the second quarter worth $33,000. Prospera Private Wealth LLC purchased a new stake in shares of Ingredion during the 3rd quarter valued at $41,000. Versant Capital Management Inc raised its stake in shares of Ingredion by 431.0% during the 4th quarter. Versant Capital Management Inc now owns 446 shares of the company’s stock worth $61,000 after purchasing an additional 362 shares during the period. Concord Wealth Partners boosted its holdings in shares of Ingredion by 82.6% in the 3rd quarter. Concord Wealth Partners now owns 493 shares of the company’s stock worth $68,000 after buying an additional 223 shares during the last quarter. Finally, Quest Partners LLC bought a new position in Ingredion during the third quarter valued at about $86,000. 85.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO James D. Gray sold 54,869 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $146.76, for a total transaction of $8,052,574.44. Following the sale, the chief financial officer now directly owns 12,795 shares of the company’s stock, valued at approximately $1,877,794.20. This represents a 81.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Larry Fernandes sold 4,700 shares of Ingredion stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $153.41, for a total transaction of $721,027.00. Following the completion of the transaction, the senior vice president now directly owns 29,034 shares of the company’s stock, valued at $4,454,105.94. This trade represents a 13.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,692 shares of company stock worth $9,634,868. 1.80% of the stock is currently owned by company insiders.

Ingredion Trading Down 0.8 %

NYSE:INGR opened at $135.60 on Friday. Ingredion Incorporated has a 12 month low of $107.37 and a 12 month high of $155.44. The company has a current ratio of 2.67, a quick ratio of 1.69 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $140.16 and a 200-day moving average price of $135.06. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 1.10 and a beta of 0.75.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.47. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company earned $2.33 earnings per share. The firm’s quarterly revenue was down 8.0% compared to the same quarter last year. Equities analysts predict that Ingredion Incorporated will post 10.59 EPS for the current year.

Ingredion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Thursday, January 2nd were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.36%. The ex-dividend date was Thursday, January 2nd. Ingredion’s payout ratio is currently 31.22%.

Analysts Set New Price Targets

A number of research analysts have weighed in on INGR shares. UBS Group boosted their target price on shares of Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Oppenheimer upped their price objective on Ingredion from $147.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. BMO Capital Markets increased their price objective on Ingredion from $128.00 to $147.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. Barclays boosted their target price on Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, Stephens upgraded Ingredion to a “hold” rating in a research note on Monday, December 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Ingredion presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.17.

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.