Uncommon Cents Investing LLC Has $1.74 Million Stake in Ingredion Incorporated (NYSE:INGR)

Uncommon Cents Investing LLC reduced its stake in shares of Ingredion Incorporated (NYSE:INGR) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,620 shares of the company’s stock after selling 190 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Ingredion were worth $1,736,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in INGR. Orion Portfolio Solutions LLC boosted its stake in shares of Ingredion by 195.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 11,608 shares of the company’s stock valued at $1,595,000 after buying an additional 7,676 shares during the period. State Street Corp increased its stake in shares of Ingredion by 0.8% in the third quarter. State Street Corp now owns 2,436,601 shares of the company’s stock worth $334,862,000 after acquiring an additional 19,560 shares during the last quarter. Point72 DIFC Ltd raised its holdings in shares of Ingredion by 2,629.3% during the second quarter. Point72 DIFC Ltd now owns 3,821 shares of the company’s stock worth $438,000 after acquiring an additional 3,681 shares in the last quarter. Franklin Resources Inc. boosted its position in Ingredion by 75.7% during the third quarter. Franklin Resources Inc. now owns 194,295 shares of the company’s stock valued at $26,109,000 after purchasing an additional 83,708 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Ingredion by 55.7% in the second quarter. AQR Capital Management LLC now owns 321,729 shares of the company’s stock valued at $36,902,000 after purchasing an additional 115,147 shares in the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INGR has been the subject of several research reports. BMO Capital Markets lifted their price target on Ingredion from $128.00 to $147.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. UBS Group lifted their target price on shares of Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Stephens upgraded shares of Ingredion to a “hold” rating in a research note on Monday, December 2nd. Oppenheimer raised their price target on shares of Ingredion from $147.00 to $178.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Barclays upped their price objective on shares of Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $155.17.

Ingredion Stock Performance

Shares of INGR opened at $135.16 on Monday. The company has a market capitalization of $8.81 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.07 and a beta of 0.75. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.67 and a quick ratio of 1.69. Ingredion Incorporated has a one year low of $107.20 and a one year high of $155.44. The company’s fifty day moving average price is $141.36 and its 200 day moving average price is $134.40.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.47. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company posted $2.33 earnings per share. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, analysts expect that Ingredion Incorporated will post 10.59 earnings per share for the current year.

Ingredion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Thursday, January 2nd will be given a $0.80 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $3.20 annualized dividend and a dividend yield of 2.37%. Ingredion’s dividend payout ratio is 31.22%.

Insider Transactions at Ingredion

In related news, SVP Larry Fernandes sold 4,700 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $153.41, for a total transaction of $721,027.00. Following the transaction, the senior vice president now directly owns 29,034 shares in the company, valued at $4,454,105.94. The trade was a 13.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $8,052,574.44. Following the completion of the transaction, the chief financial officer now directly owns 12,795 shares of the company’s stock, valued at approximately $1,877,794.20. This trade represents a 81.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,692 shares of company stock worth $9,634,868. Insiders own 1.80% of the company’s stock.

About Ingredion

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.