Rogco LP Sells 265 Shares of Ingredion Incorporated (NYSE:INGR)

Rogco LP lowered its position in shares of Ingredion Incorporated (NYSE:INGR) by 4.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,072 shares of the company’s stock after selling 265 shares during the quarter. Rogco LP’s holdings in Ingredion were worth $835,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Creative Planning raised its position in shares of Ingredion by 5.5% in the 3rd quarter. Creative Planning now owns 11,203 shares of the company’s stock valued at $1,540,000 after buying an additional 584 shares in the last quarter. Net Worth Advisory Group bought a new position in Ingredion in the third quarter valued at approximately $614,000. Blue Trust Inc. raised its position in Ingredion by 126.1% during the third quarter. Blue Trust Inc. now owns 1,343 shares of the company’s stock valued at $185,000 after purchasing an additional 749 shares in the last quarter. Raymond James & Associates lifted its stake in Ingredion by 11.3% during the third quarter. Raymond James & Associates now owns 230,194 shares of the company’s stock worth $31,636,000 after purchasing an additional 23,396 shares during the last quarter. Finally, Means Investment CO. Inc. bought a new stake in Ingredion during the third quarter worth $204,000. Institutional investors own 85.27% of the company’s stock.

Ingredion Stock Performance

Shares of INGR stock opened at $126.70 on Monday. The business’s 50-day moving average price is $135.61 and its 200-day moving average price is $136.48. Ingredion Incorporated has a 12 month low of $109.51 and a 12 month high of $155.44. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.04 and a beta of 0.74.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.09. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.65 EPS. Equities research analysts forecast that Ingredion Incorporated will post 11.14 EPS for the current 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 2.53%. The ex-dividend date of this dividend was Thursday, January 2nd. Ingredion’s dividend payout ratio is currently 32.96%.

Insiders Place Their Bets

In other Ingredion news, CFO James D. Gray sold 54,869 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on INGR shares. Barclays boosted their price target on Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Stephens lowered their target price on Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. BMO Capital Markets reduced their price target on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. UBS Group lifted their price target on shares of Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Oppenheimer dropped their price objective on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.20.

About Ingredion

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.