Stonebridge Financial Group LLC Makes New $161,000 Investment in Ingredion Incorporated (NYSE:INGR)

Stonebridge Financial Group LLC acquired a new stake in Ingredion Incorporated (NYSE:INGR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,168 shares of the company’s stock, valued at approximately $161,000.

Several other hedge funds and other institutional investors have also made changes to their positions in INGR. Orion Portfolio Solutions LLC raised its stake in Ingredion by 195.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 11,608 shares of the company’s stock valued at $1,595,000 after acquiring an additional 7,676 shares during the period. State Street Corp increased its holdings in shares of Ingredion by 0.8% in the third quarter. State Street Corp now owns 2,436,601 shares of the company’s stock valued at $334,862,000 after purchasing an additional 19,560 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Ingredion by 75.7% in the third quarter. Franklin Resources Inc. now owns 194,295 shares of the company’s stock valued at $26,109,000 after purchasing an additional 83,708 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Ingredion by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 725,374 shares of the company’s stock worth $99,683,000 after buying an additional 10,812 shares during the last quarter. Finally, Fractal Investments LLC bought a new stake in shares of Ingredion during the 4th quarter worth about $344,000. 85.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Larry Fernandes sold 6,122 shares of the company’s 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 sale, the senior vice president now directly owns 29,034 shares in the company, valued at $4,083,922.44. This represents a 17.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO James D. Gray sold 54,869 shares of Ingredion stock in a transaction on Friday, November 29th. The stock was sold at an average price of $146.76, for a total transaction 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. This represents a 81.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,992 shares of company stock valued at $8,913,841 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Ingredion Price Performance

Shares of NYSE INGR opened at $127.88 on Thursday. The stock has a market capitalization of $8.33 billion, a PE ratio of 13.17, a P/E/G ratio of 1.04 and a beta of 0.74. Ingredion Incorporated has a fifty-two week low of $107.91 and a fifty-two week high of $155.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. The business has a fifty day moving average price of $136.80 and a two-hundred day moving average price of $136.39.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.09. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the firm posted $1.65 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities analysts predict that Ingredion Incorporated will post 11.14 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. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.80 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.50%. Ingredion’s payout ratio is presently 32.96%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. UBS Group increased 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. Barclays increased their target price on Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Oppenheimer reduced their price target on Ingredion from $178.00 to $167.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. StockNews.com cut Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Stephens reduced their target price on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.33.

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.