California State Teachers Retirement System increased its holdings in shares of Ingredion Inc (NYSE:INGR) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 131,640 shares of the company’s stock after purchasing an additional 10,323 shares during the quarter. California State Teachers Retirement System owned 0.18% of Ingredion worth $18,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. SeaCrest Wealth Management LLC bought a new position in Ingredion in the fourth quarter valued at about $114,000. Focused Wealth Management Inc bought a new position in Ingredion in the fourth quarter valued at about $140,000. Meeder Asset Management Inc. lifted its holdings in Ingredion by 146.4% in the fourth quarter. Meeder Asset Management Inc. now owns 1,109 shares of the company’s stock valued at $155,000 after acquiring an additional 659 shares during the period. Fieldpoint Private Securities LLC bought a new position in Ingredion in the third quarter valued at about $173,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Ingredion by 66.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,249 shares of the company’s stock valued at $174,000 after acquiring an additional 500 shares during the period. 86.52% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE INGR traded up $1.10 during trading on Thursday, hitting $129.89. The company had a trading volume of 276,902 shares, compared to its average volume of 416,371. The company has a quick ratio of 1.66, a current ratio of 2.52 and a debt-to-equity ratio of 0.60. Ingredion Inc has a 12 month low of $113.42 and a 12 month high of $146.28. The company has a market capitalization of $9,305.38, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 1.41 and a beta of 0.75.
Ingredion (NYSE:INGR) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.01). Ingredion had a return on equity of 20.42% and a net margin of 8.63%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the business earned $1.67 EPS. The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. research analysts anticipate that Ingredion Inc will post 8.3 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, April 2nd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, March 29th. Ingredion’s dividend payout ratio is currently 31.17%.
In related news, SVP Martin Sonntag sold 14,939 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $135.00, for a total transaction of $2,016,765.00. Following the completion of the sale, the senior vice president now owns 9,875 shares in the company, valued at $1,333,125. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert J. Stefansic sold 9,000 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $129.62, for a total value of $1,166,580.00. The disclosure for this sale can be found here. Insiders have sold 40,541 shares of company stock valued at $5,424,781 in the last quarter. 1.92% of the stock is currently owned by company insiders.
A number of research firms have weighed in on INGR. ValuEngine raised Ingredion from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Zacks Investment Research downgraded Ingredion from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Finally, Credit Suisse Group set a $156.00 price objective on Ingredion and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $146.00.
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Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, glucose and syrup solids, as well as food-grade and industrial starches, and biomaterials.
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