Syntal Capital Partners LLC decreased its position in Ingredion Inc. (NYSE:INGR) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,836 shares of the company’s stock after selling 149 shares during the period. Syntal Capital Partners LLC’s holdings in Ingredion were worth $237,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of INGR. Financial Architects Inc boosted its stake in shares of Ingredion by 297.7% in the second quarter. Financial Architects Inc now owns 1,193 shares of the company’s stock worth $154,000 after buying an additional 893 shares during the last quarter. Citizens Financial Group Inc RI boosted its stake in shares of Ingredion by 1,399.0% in the first quarter. Citizens Financial Group Inc RI now owns 1,544 shares of the company’s stock worth $165,000 after buying an additional 1,441 shares during the last quarter. Springbok Capital Management LLC boosted its stake in shares of Ingredion by 220.0% in the first quarter. Springbok Capital Management LLC now owns 1,600 shares of the company’s stock worth $171,000 after buying an additional 1,100 shares during the last quarter. American National Bank acquired a new stake in shares of Ingredion during the second quarter worth approximately $194,000. Finally, Advisor Partners LLC acquired a new stake in shares of Ingredion during the first quarter worth approximately $201,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.
Shares of Ingredion Inc. (NYSE:INGR) traded up 0.72% on Monday, reaching $134.02. 617,503 shares of the company’s stock traded hands. The firm has a market capitalization of $9.67 billion, a price-to-earnings ratio of 21.44 and a beta of 1.00. The company has a 50 day moving average price of $134.20 and a 200 day moving average price of $123.36. Ingredion Inc. has a 52 week low of $84.57 and a 52 week high of $140.00.
Ingredion (NYSE:INGR) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by $0.07. Ingredion had a net margin of 7.94% and a return on equity of 21.01%. The business earned $1.46 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the firm posted $1.53 earnings per share. On average, equities research analysts predict that Ingredion Inc. will post $6.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Monday, October 3rd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This is a positive change from Ingredion’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.49%. Ingredion’s payout ratio is 32.21%.
Several research firms recently issued reports on INGR. Zacks Investment Research raised shares of Ingredion from a “hold” rating to a “buy” rating and set a $146.00 price target for the company in a report on Thursday, September 22nd. Societe Generale began coverage on shares of Ingredion in a report on Wednesday, September 7th. They set a “hold” rating for the company. Jefferies Group reissued a “buy” rating and set a $147.00 price target (up from $136.00) on shares of Ingredion in a report on Friday, July 15th. Finally, Citigroup Inc. increased their price target on shares of Ingredion from $140.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $124.33.
In other news, VP James P. Zallie sold 16,900 shares of Ingredion stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $132.00, for a total value of $2,230,800.00. Following the completion of the transaction, the vice president now directly owns 48,008 shares of the company’s stock, valued at approximately $6,337,056. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ilene S. Gordon sold 70,492 shares of Ingredion stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $135.19, for a total transaction of $9,529,813.48. Following the completion of the transaction, the chief executive officer now directly owns 188,430 shares of the company’s stock, valued at $25,473,851.70. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.
Ingredion Company Profile
Ingredion Incorporated (Ingredion) is a global ingredients solutions provider. The Company is engaged in the production and sale of starches and sweeteners for a range of industries. Its operations are classified into four segments: North America, South America, Asia Pacific, and Europe, Middle East and Africa (EMEA).
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