Ingredion Incorporated (NYSE:INGR) Shares Sold by Bank of New Hampshire

Bank of New Hampshire lowered its position in shares of Ingredion Incorporated (NYSE:INGR) by 3.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,706 shares of the company’s stock after selling 544 shares during the period. Bank of New Hampshire’s holdings in Ingredion were worth $2,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Ingredion by 42.2% in the 4th quarter. GAMMA Investing LLC now owns 1,369 shares of the company’s stock valued at $188,000 after purchasing an additional 406 shares during the last quarter. Versant Capital Management Inc increased its holdings in Ingredion by 431.0% in the 4th quarter. Versant Capital Management Inc now owns 446 shares of the company’s stock valued at $61,000 after purchasing an additional 362 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Ingredion by 13.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 305,827 shares of the company’s stock valued at $42,030,000 after purchasing an additional 35,657 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Ingredion by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 725,374 shares of the company’s stock valued at $99,683,000 after purchasing an additional 10,812 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Ingredion by 75.7% in the 3rd quarter. Franklin Resources Inc. now owns 194,295 shares of the company’s stock valued at $26,109,000 after purchasing an additional 83,708 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Stock Up 0.5 %

Shares of Ingredion stock traded up $0.67 during trading on Tuesday, hitting $134.74. 22,236 shares of the stock were exchanged, compared to its average volume of 288,237. The stock has a market cap of $8.78 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 1.24 and a beta of 0.75. The firm’s 50-day moving average price is $142.91 and its 200 day moving average price is $133.22. Ingredion Incorporated has a 12-month low of $106.03 and a 12-month high of $155.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.67 and a quick ratio of 1.69.

Ingredion (NYSE:INGR) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.47. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.33 EPS. As a group, analysts forecast that Ingredion Incorporated will post 10.59 earnings per share for the current fiscal year.

Ingredion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Thursday, January 2nd will be given a $0.80 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $3.20 dividend on an annualized basis and a yield of 2.37%. Ingredion’s dividend payout ratio (DPR) is presently 31.22%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on INGR shares. Stephens upgraded shares of Ingredion to a “hold” rating in a report on Monday, December 2nd. Oppenheimer boosted their price target on shares of Ingredion from $147.00 to $178.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. BMO Capital Markets boosted their price target on shares of Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. UBS Group boosted their price target on shares of Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Barclays boosted their price target on shares of Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Ingredion presently has an average rating of “Moderate Buy” and a consensus target price of $155.17.

Insider Activity at Ingredion

In related news, CFO James D. Gray sold 54,869 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $146.76, for a total value of $8,052,574.44. Following the completion of the sale, the chief financial officer now directly owns 12,795 shares of the company’s stock, valued at $1,877,794.20. The trade was a 81.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Larry Fernandes sold 4,700 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $153.41, for a total transaction of $721,027.00. Following the completion of the sale, the senior vice president now directly owns 29,034 shares of the company’s stock, valued at approximately $4,454,105.94. This trade represents a 13.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,197 shares of company stock valued at $9,702,325 over the last ninety days. 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.