Hussman Strategic Advisors Inc. Sells 10,500 Shares of Ingredion Incorporated (NYSE:INGR)

Hussman Strategic Advisors Inc. lowered its stake in Ingredion Incorporated (NYSE:INGR) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,500 shares of the company’s stock after selling 10,500 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Ingredion were worth $1,444,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in INGR. Hennessy Advisors Inc. bought a new stake in Ingredion in the fourth quarter valued at $58,642,000. Pacer Advisors Inc. boosted its holdings in Ingredion by 16.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,890,488 shares of the company’s stock valued at $260,056,000 after acquiring an additional 268,389 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Ingredion by 55,219.9% in the third quarter. International Assets Investment Management LLC now owns 174,811 shares of the company’s stock valued at $240,240,000 after acquiring an additional 174,495 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in Ingredion in the third quarter valued at $17,094,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Ingredion by 75.7% during the 3rd quarter. Franklin Resources Inc. now owns 194,295 shares of the company’s stock valued at $26,109,000 after buying an additional 83,708 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. BMO Capital Markets dropped their target price on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Barclays boosted their target price on shares of Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. UBS Group boosted their target price on shares of Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a report on Friday, November 15th. Oppenheimer dropped their target price on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, Stephens lowered their price target on 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 four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.20.

Insider Transactions at Ingredion

In other news, CFO James D. Gray sold 54,869 shares of the company’s stock in a transaction that occurred 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

Ingredion Trading Up 1.0 %

Ingredion stock opened at $126.84 on Thursday. The business has a 50-day simple moving average of $134.57 and a two-hundred day simple moving average of $136.45. The company has a market cap of $8.26 billion, a P/E ratio of 13.06, a P/E/G ratio of 1.04 and a beta of 0.74. Ingredion Incorporated has a 52-week low of $109.51 and a 52-week high of $155.44. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.09. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the company posted $1.65 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. Analysts predict that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Thursday, January 2nd were paid a $0.80 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $3.20 annualized dividend and a yield of 2.52%. Ingredion’s payout ratio is 32.96%.

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.