Ingredion Incorporated (NYSE:INGR) Stock Holdings Boosted by William Blair Investment Management LLC

William Blair Investment Management LLC lifted its stake in shares of Ingredion Incorporated (NYSE:INGR) by 4.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,628 shares of the company’s stock after acquiring an additional 177 shares during the quarter. William Blair Investment Management LLC’s holdings in Ingredion were worth $541,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. US Bancorp DE boosted its stake in shares of Ingredion by 2.4% during the 1st quarter. US Bancorp DE now owns 15,579 shares of the company’s stock worth $1,821,000 after acquiring an additional 361 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Ingredion by 3.4% during the 1st quarter. Russell Investments Group Ltd. now owns 301,673 shares of the company’s stock worth $35,251,000 after acquiring an additional 9,925 shares in the last quarter. Inspire Advisors LLC boosted its stake in shares of Ingredion by 84.2% during the 1st quarter. Inspire Advisors LLC now owns 4,066 shares of the company’s stock worth $475,000 after acquiring an additional 1,859 shares in the last quarter. Donoghue Forlines LLC bought a new stake in shares of Ingredion during the 1st quarter worth $410,000. Finally, Fiduciary Family Office LLC boosted its stake in shares of Ingredion by 74.1% during the 1st quarter. Fiduciary Family Office LLC now owns 12,699 shares of the company’s stock worth $1,484,000 after acquiring an additional 5,405 shares in the last quarter. 85.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on INGR. BMO Capital Markets raised their price objective on Ingredion from $117.00 to $120.00 and gave the stock a “market perform” rating in a research note on Thursday, May 9th. StockNews.com cut Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $127.17.

Ingredion Stock Up 1.8 %

NYSE INGR traded up $2.09 during trading on Wednesday, reaching $119.19. 544,340 shares of the company’s stock were exchanged, compared to its average volume of 397,705. Ingredion Incorporated has a fifty-two week low of $89.54 and a fifty-two week high of $122.18. The firm has a market capitalization of $7.82 billion, a PE ratio of 11.94, a P/E/G ratio of 1.07 and a beta of 0.72. The company has a current ratio of 2.44, a quick ratio of 1.39 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $115.97 and its 200-day simple moving average is $114.05.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $2.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.08. Ingredion had a return on equity of 16.56% and a net margin of 8.45%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the business earned $2.80 EPS. The business’s quarterly revenue was down 11.9% on a year-over-year basis. Sell-side analysts predict that Ingredion Incorporated will post 9.7 EPS for the current year.

Ingredion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Monday, July 1st will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Monday, July 1st. Ingredion’s payout ratio is 31.26%.

Insider Activity at Ingredion

In related news, CEO James P. Zallie sold 27,500 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $116.36, for a total value of $3,199,900.00. Following the transaction, the chief executive officer now directly owns 52,197 shares of the company’s stock, valued at approximately $6,073,642.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Ingredion news, CEO James P. Zallie sold 27,500 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $116.36, for a total value of $3,199,900.00. Following the sale, the chief executive officer now owns 52,197 shares of the company’s stock, valued at approximately $6,073,642.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James D. Gray sold 8,490 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $121.74, for a total value of $1,033,572.60. Following the completion of the sale, the chief financial officer now directly owns 42,833 shares in the company, valued at approximately $5,214,489.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,359 shares of company stock valued at $4,515,644. 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.