Yousif Capital Management LLC Sells 694 Shares of Ingredion Incorporated (NYSE:INGR)

Yousif Capital Management LLC lowered its holdings in Ingredion Incorporated (NYSE:INGR) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,445 shares of the company’s stock after selling 694 shares during the quarter. Yousif Capital Management LLC’s holdings in Ingredion were worth $2,400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. One Wealth Advisors LLC increased its stake in Ingredion by 30.3% in the fourth quarter. One Wealth Advisors LLC now owns 2,237 shares of the company’s stock valued at $308,000 after acquiring an additional 520 shares during the period. River Street Advisors LLC bought a new stake in Ingredion in the fourth quarter valued at about $924,000. U.S. Capital Wealth Advisors LLC increased its stake in Ingredion by 17.6% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 2,106 shares of the company’s stock valued at $290,000 after acquiring an additional 315 shares during the period. Precision Wealth Strategies LLC bought a new stake in Ingredion in the fourth quarter valued at about $562,000. Finally, RHS Financial LLC boosted its position in Ingredion by 42.7% in the fourth quarter. RHS Financial LLC now owns 2,996 shares of the company’s stock valued at $412,000 after buying an additional 897 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Insider Activity at Ingredion

In other Ingredion news, SVP Larry Fernandes sold 6,122 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $140.66, for a total value of $861,120.52. Following the completion of the sale, the senior vice president now owns 29,034 shares of the company’s stock, valued at approximately $4,083,922.44. This represents a 17.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James D. Gray sold 54,869 shares of the company’s 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 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 disclosure for this sale can be found here. Insiders have sold 60,992 shares of company stock worth $8,913,841 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Ingredion Price Performance

Shares of INGR stock opened at $127.66 on Tuesday. Ingredion Incorporated has a 1 year low of $107.77 and a 1 year high of $155.44. The firm’s 50 day moving average is $137.62 and its 200-day moving average is $136.28. The firm has a market capitalization of $8.32 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 1.04 and a beta of 0.74. 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 (NYSE:INGR) last announced its earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the business earned $1.65 earnings per share. Ingredion’s quarterly revenue was down 6.3% on a year-over-year basis. Sell-side analysts forecast that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Thursday, January 2nd were issued a $0.80 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.20 annualized dividend and a yield of 2.51%. Ingredion’s dividend payout ratio is currently 32.96%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on INGR. 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 report on Wednesday, February 5th. Oppenheimer reduced their price target on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. UBS Group boosted their price target 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. StockNews.com lowered shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Barclays boosted their price target on shares of Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $154.33.

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.