Anderson Hoagland & Co. Has $239,000 Stock Position in Ingredion Incorporated (NYSE:INGR)

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

A number of other institutional investors also recently modified their holdings of INGR. Point72 Asia Singapore Pte. Ltd. bought a new position in Ingredion in the 2nd quarter worth approximately $33,000. Prospera Private Wealth LLC bought a new stake in shares of Ingredion during the third quarter worth $41,000. Versant Capital Management Inc lifted its stake in shares of Ingredion by 431.0% during the fourth quarter. Versant Capital Management Inc now owns 446 shares of the company’s stock valued at $61,000 after acquiring an additional 362 shares during the period. Concord Wealth Partners boosted its holdings in Ingredion by 82.6% in the third quarter. Concord Wealth Partners now owns 493 shares of the company’s stock valued at $68,000 after acquiring an additional 223 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in Ingredion in the third quarter worth about $86,000. 85.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on INGR shares. Oppenheimer raised their target price on shares of Ingredion from $147.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Stephens raised shares of Ingredion to a “hold” rating in a report on Monday, December 2nd. Barclays increased their price target on Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. UBS Group lifted their price objective on Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, BMO Capital Markets increased their price target on shares of Ingredion from $128.00 to $147.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $155.17.

Ingredion Trading Down 0.8 %

Shares of INGR stock opened at $135.60 on Friday. The stock has a market cap of $8.84 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 1.10 and a beta of 0.75. Ingredion Incorporated has a 1 year low of $107.37 and a 1 year 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 stock has a 50 day simple moving average of $140.16 and a 200 day simple moving average of $135.06.

Ingredion (NYSE:INGR) last issued its earnings results on Tuesday, November 5th. The company reported $3.05 EPS for the quarter, beating the consensus estimate of $2.58 by $0.47. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the company earned $2.33 EPS. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. On average, research analysts predict that Ingredion Incorporated will post 10.59 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

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

Insiders Place Their Bets

In other news, CFO James D. Gray sold 54,869 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $146.76, for a total value of $8,052,574.44. Following the transaction, the chief financial officer now directly owns 12,795 shares of the company’s stock, valued at $1,877,794.20. The trade was a 81.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Larry Fernandes sold 6,122 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $140.66, for a total value of $861,120.52. Following the transaction, the senior vice president now owns 29,034 shares in the company, valued at $4,083,922.44. The trade was a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,692 shares of company stock valued at $9,634,868. 1.80% of the stock is currently owned by company insiders.

Ingredion 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.