O Shaughnessy Asset Management LLC Has $5.24 Million Stake in Ingredion Incorporated (NYSE:INGR)

O Shaughnessy Asset Management LLC boosted its position in shares of Ingredion Incorporated (NYSE:INGR) by 32.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,117 shares of the company’s stock after acquiring an additional 9,323 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.06% of Ingredion worth $5,243,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Ingredion during the 4th quarter worth approximately $96,012,000. Assetmark Inc. boosted its position in Ingredion by 38,341.7% during the fourth quarter. Assetmark Inc. now owns 509,352 shares of the company’s stock worth $70,067,000 after purchasing an additional 508,027 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Ingredion in the fourth quarter valued at $58,642,000. Prudential Financial Inc. raised its position in shares of Ingredion by 93.2% in the fourth quarter. Prudential Financial Inc. now owns 652,734 shares of the company’s stock valued at $89,790,000 after purchasing an additional 314,912 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in shares of Ingredion by 16.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,890,488 shares of the company’s stock worth $260,056,000 after buying an additional 268,389 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Analyst Upgrades and Downgrades

INGR has been the topic of several research analyst reports. Stephens lowered their price target on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. BMO Capital Markets dropped their price target on Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. StockNews.com lowered Ingredion from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Oppenheimer lowered their price objective on Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Ingredion currently has an average rating of “Moderate Buy” and a consensus target price of $158.20.

Ingredion Price Performance

Ingredion stock opened at $135.36 on Thursday. The stock’s fifty day moving average price is $131.58 and its two-hundred day moving average price is $136.48. The firm has a market cap of $8.69 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 1.03 and a beta of 0.71. 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 Incorporated has a one year low of $109.51 and a one year high of $155.44.

Ingredion (NYSE:INGR) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $1.82 billion. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. Ingredion’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.65 earnings per share. As a group, research analysts expect 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. Investors of record on Tuesday, April 1st will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $3.20 annualized dividend and a dividend yield of 2.36%. Ingredion’s dividend payout ratio is 32.96%.

Insider Activity at Ingredion

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total value of $1,361,392.20. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by insiders.

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.