Leeward Investments LLC MA Lowers Stock Position in Ingredion Incorporated (NYSE:INGR)

Leeward Investments LLC MA reduced its stake in Ingredion Incorporated (NYSE:INGR) by 1.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 248,983 shares of the company’s stock after selling 4,085 shares during the quarter. Ingredion accounts for approximately 1.3% of Leeward Investments LLC MA’s holdings, making the stock its 9th largest position. Leeward Investments LLC MA’s holdings in Ingredion were worth $27,022,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. raised its holdings in Ingredion by 40.2% in the 4th quarter. Blue Trust Inc. now owns 359 shares of the company’s stock worth $39,000 after purchasing an additional 103 shares during the period. Pflug Koory LLC raised its holdings in Ingredion by 0.9% during the fourth quarter. Pflug Koory LLC now owns 12,201 shares of the company’s stock valued at $1,324,000 after acquiring an additional 112 shares during the period. IFP Advisors Inc raised its holdings in Ingredion by 33.7% during the third quarter. IFP Advisors Inc now owns 484 shares of the company’s stock valued at $48,000 after acquiring an additional 122 shares during the period. D.A. Davidson & CO. raised its holdings in Ingredion by 0.9% during the third quarter. D.A. Davidson & CO. now owns 15,322 shares of the company’s stock valued at $1,508,000 after acquiring an additional 131 shares during the period. Finally, Verdence Capital Advisors LLC raised its holdings in Ingredion by 3.7% during the third quarter. Verdence Capital Advisors LLC now owns 3,731 shares of the company’s stock valued at $367,000 after acquiring an additional 134 shares during the period. 85.27% of the stock is owned by institutional investors.

Ingredion Trading Down 1.0 %

Shares of Ingredion stock opened at $113.29 on Friday. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.08 and a beta of 0.81. The business has a 50-day moving average price of $115.22 and a 200-day moving average price of $107.97. The company has a quick ratio of 1.10, a current ratio of 1.92 and a debt-to-equity ratio of 0.49. Ingredion Incorporated has a twelve month low of $89.54 and a twelve month high of $118.83.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, February 6th. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.87 by $0.10. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.07 billion. Ingredion had a return on equity of 18.57% and a net margin of 7.88%. The firm’s revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.65 earnings per share. Equities research analysts anticipate that Ingredion Incorporated will post 9.62 EPS for the current fiscal year.

Ingredion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Monday, April 1st were given a $0.78 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $3.12 annualized dividend and a yield of 2.75%. Ingredion’s dividend payout ratio is currently 32.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on INGR shares. Stephens reissued an “overweight” rating and set a $130.00 price target on shares of Ingredion in a report on Wednesday, February 7th. StockNews.com raised Ingredion from a “buy” rating to a “strong-buy” rating in a report on Friday, March 22nd. The Goldman Sachs Group raised Ingredion from a “neutral” rating to a “buy” rating and raised their price target for the company from $122.00 to $135.00 in a report on Thursday, February 15th. Finally, Barclays raised their price objective on Ingredion from $115.00 to $122.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $126.67.

Insider Buying and Selling

In related news, CEO James P. Zallie sold 54,581 shares of Ingredion stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $117.24, for a total value of $6,399,076.44. Following the completion of the transaction, the chief executive officer now owns 99,246 shares in the company, valued at $11,635,601.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Ingredion news, SVP Larry Fernandes sold 2,369 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $115.08, for a total value of $272,624.52. Following the completion of the sale, the senior vice president now owns 28,966 shares of the company’s stock, valued at $3,333,407.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO James P. Zallie sold 54,581 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $117.24, for a total transaction of $6,399,076.44. Following the completion of the sale, the chief executive officer now directly owns 99,246 shares of the company’s stock, valued at approximately $11,635,601.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,921 shares of company stock worth $6,903,045. Corporate 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.