1,688 Shares in Ingredion Incorporated (NYSE:INGR) Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new position in Ingredion Incorporated (NYSE:INGR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,688 shares of the company’s stock, valued at approximately $232,000.

Several other institutional investors have also recently bought and sold shares of INGR. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Ingredion during the 4th quarter valued at $27,000. Prospera Private Wealth LLC bought a new stake in shares of Ingredion during the 3rd quarter valued at $41,000. Crews Bank & Trust bought a new stake in shares of Ingredion during the 4th quarter valued at $48,000. Versant Capital Management Inc raised its position in shares of Ingredion by 431.0% during the 4th 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 last quarter. Finally, Quest Partners LLC bought a new stake in shares of Ingredion during the 3rd quarter valued at $86,000. Institutional investors own 85.27% of the company’s stock.

Insider Buying and Selling

In other news, CEO James P. Zallie sold 10,815 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the completion of the transaction, the chief executive officer now directly owns 34,127 shares in the company, valued at $4,295,906.76. This represents a 24.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

Ingredion Price Performance

Shares of NYSE INGR opened at $135.54 on Monday. The firm has a market cap of $8.70 billion, a PE ratio of 13.96, a PEG ratio of 1.03 and a beta of 0.75. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. Ingredion Incorporated has a 1-year low of $109.51 and a 1-year high of $155.44. The company has a fifty day moving average price of $132.08 and a 200 day moving average price of $136.60.

Ingredion (NYSE:INGR) last announced 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 during 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 prior year, the business earned $1.65 EPS. Research 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. Investors of record on Thursday, January 2nd were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Thursday, January 2nd. Ingredion’s payout ratio is presently 32.96%.

Analysts Set New Price Targets

INGR has been the subject of several recent research reports. BMO Capital Markets dropped their target price on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Stephens lowered their price objective 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. StockNews.com cut shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Oppenheimer lowered their price objective on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Finally, UBS Group upped their price objective on shares of Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.20.

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.