Ingredion Incorporated (NYSE:INGR) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its position in Ingredion Incorporated (NYSE:INGR) by 17.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 16,304 shares of the company’s stock after selling 3,489 shares during the quarter. Vontobel Holding Ltd.’s holdings in Ingredion were worth $2,243,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of INGR. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Ingredion during the fourth quarter worth about $27,000. Prospera Private Wealth LLC acquired a new position in shares of Ingredion during the third quarter worth about $41,000. Crews Bank & Trust acquired a new position in shares of Ingredion during the fourth quarter worth about $48,000. Versant Capital Management Inc grew its position in shares of Ingredion by 431.0% during the fourth quarter. Versant Capital Management Inc now owns 446 shares of the company’s stock worth $61,000 after buying an additional 362 shares in the last quarter. Finally, Concord Wealth Partners grew its position in shares of Ingredion by 82.6% during the third quarter. Concord Wealth Partners now owns 493 shares of the company’s stock worth $68,000 after buying an additional 223 shares in the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

Ingredion Stock Performance

Shares of Ingredion stock opened at $126.70 on Monday. The firm’s fifty day simple moving average is $135.61 and its 200-day simple moving average is $136.48. The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.04 and a beta of 0.74. Ingredion Incorporated has a 12 month low of $109.51 and a 12 month 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.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.09. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 EPS. As a group, equities analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.53%. Ingredion’s payout ratio is 32.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. BMO Capital Markets lowered their price objective on Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Barclays boosted 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. UBS Group boosted their target price on Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. StockNews.com cut Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Stephens decreased their target price on Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ingredion presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.20.

Insider Activity

In other Ingredion news, CFO James D. Gray sold 54,869 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $146.76, for a total value 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 approximately $1,877,794.20. The trade was a 81.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.

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.