Teacher Retirement System of Texas Has $10.36 Million Position in Ingredion Incorporated (NYSE:INGR)

Teacher Retirement System of Texas boosted its stake in shares of Ingredion Incorporated (NYSE:INGR) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,279 shares of the company’s stock after acquiring an additional 10,117 shares during the quarter. Teacher Retirement System of Texas owned 0.12% of Ingredion worth $10,355,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Orion Portfolio Solutions LLC grew its holdings in shares of Ingredion by 195.2% during the third quarter. Orion Portfolio Solutions LLC now owns 11,608 shares of the company’s stock worth $1,595,000 after purchasing an additional 7,676 shares during the last quarter. State Street Corp grew its holdings in shares of Ingredion by 0.8% during the third quarter. State Street Corp now owns 2,436,601 shares of the company’s stock worth $334,862,000 after purchasing an additional 19,560 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Ingredion by 75.7% during the third quarter. Franklin Resources Inc. now owns 194,295 shares of the company’s stock worth $26,109,000 after purchasing an additional 83,708 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Ingredion by 1.5% during the third quarter. Principal Financial Group Inc. now owns 725,374 shares of the company’s stock worth $99,683,000 after purchasing an additional 10,812 shares during the last quarter. Finally, Fractal Investments LLC bought a new stake in shares of Ingredion during the fourth quarter worth $344,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. BMO Capital Markets decreased their target price on Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Oppenheimer decreased their target price on Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. StockNews.com cut Ingredion from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Stephens decreased their price target on Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.20.

Ingredion Price Performance

Shares of INGR opened at $130.32 on Friday. 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 Incorporated has a 1 year low of $109.51 and a 1 year high of $155.44. The stock has a market cap of $8.36 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 1.03 and a beta of 0.75. The stock’s 50-day moving average price is $131.51 and its two-hundred day moving average price is $136.50.

Ingredion (NYSE:INGR) last issued 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 return on equity of 18.62% and a net margin of 8.71%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the business earned $1.65 earnings per share. The company’s revenue was down 6.3% compared to the same quarter last year. On average, equities analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Tuesday, April 1st. Ingredion’s dividend payout ratio (DPR) is currently 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 dated Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the sale, the chief executive officer now owns 34,127 shares of the company’s stock, valued at $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 is available through this hyperlink. Company insiders own 1.80% of the company’s stock.

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.