Triodos Investment Management BV Purchases 8,000 Shares of Ingredion Incorporated (NYSE:INGR)

Triodos Investment Management BV lifted its position in shares of Ingredion Incorporated (NYSE:INGR) by 15.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,000 shares of the company’s stock after buying an additional 8,000 shares during the quarter. Triodos Investment Management BV owned approximately 0.09% of Ingredion worth $8,254,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Ingredion by 1.8% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 4,162 shares of the company’s stock worth $572,000 after acquiring an additional 74 shares during the period. EverSource Wealth Advisors LLC lifted its position in Ingredion by 32.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock worth $44,000 after buying an additional 79 shares during the last quarter. Mindset Wealth Management LLC grew its holdings in Ingredion by 2.1% during the 4th quarter. Mindset Wealth Management LLC now owns 3,914 shares of the company’s stock valued at $538,000 after purchasing an additional 82 shares during the last quarter. Transcend Capital Advisors LLC grew its position in Ingredion by 2.1% in the 4th quarter. Transcend Capital Advisors LLC now owns 4,318 shares of the company’s stock valued at $594,000 after acquiring an additional 90 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in shares of Ingredion by 1.3% in the fourth quarter. Truist Financial Corp now owns 6,854 shares of the company’s stock worth $943,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Ingredion Trading Up 0.3 %

Shares of Ingredion stock opened at $135.46 on Friday. The firm has a market capitalization of $8.69 billion, a PE ratio of 13.95, a P/E/G ratio of 1.03 and a beta of 0.75. The firm’s 50-day moving average price is $131.59 and its 200 day moving average price is $136.46. Ingredion Incorporated has a twelve month low of $109.51 and a twelve month high of $155.44. 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 quarterly earnings data on Tuesday, February 4th. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the company earned $1.65 EPS. Ingredion’s revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts predict that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be paid a $0.80 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $3.20 annualized dividend and a dividend yield of 2.36%. Ingredion’s dividend payout ratio (DPR) is 32.96%.

Insiders Place Their Bets

In other news, CEO James P. Zallie sold 10,815 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $125.88, for a total value of $1,361,392.20. Following the completion of the transaction, the chief executive officer now owns 34,127 shares of the company’s stock, valued at approximately $4,295,906.76. This trade represents a 24.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on INGR shares. Stephens reduced their price target on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. BMO Capital Markets cut 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 note on Wednesday, February 5th. StockNews.com lowered Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Oppenheimer decreased their price objective on Ingredion from $178.00 to $167.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average 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.