One Wealth Advisors LLC Purchases 520 Shares of Ingredion Incorporated (NYSE:INGR)

One Wealth Advisors LLC increased its position in Ingredion Incorporated (NYSE:INGR) by 30.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,237 shares of the company’s stock after buying an additional 520 shares during the quarter. One Wealth Advisors LLC’s holdings in Ingredion were worth $308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its position in shares of Ingredion by 0.8% during the 3rd quarter. State Street Corp now owns 2,436,601 shares of the company’s stock valued at $334,862,000 after buying an additional 19,560 shares in the last quarter. Pacer Advisors Inc. raised its position in Ingredion by 16.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,890,488 shares of the company’s stock worth $260,056,000 after purchasing an additional 268,389 shares during the period. Massachusetts Financial Services Co. MA raised its position in Ingredion by 2.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,539,179 shares of the company’s stock worth $211,529,000 after purchasing an additional 36,421 shares during the period. Geode Capital Management LLC raised its position in Ingredion by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,167,693 shares of the company’s stock worth $160,516,000 after purchasing an additional 19,064 shares during the period. Finally, Principal Financial Group Inc. raised its position in Ingredion by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 725,374 shares of the company’s stock worth $99,683,000 after purchasing an additional 10,812 shares during the period. Institutional investors own 85.27% of the company’s stock.

Insider Activity

In other Ingredion news, CFO James D. Gray sold 54,869 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $1,877,794.20. This trade represents 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 the SEC website. Also, SVP Larry Fernandes sold 6,122 shares of Ingredion stock in a transaction on Friday, November 15th. The stock was sold at an average price of $140.66, for a total transaction of $861,120.52. Following the sale, the senior vice president now owns 29,034 shares of the company’s stock, valued at $4,083,922.44. The trade was a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,692 shares of company stock worth $9,634,868. Corporate insiders own 1.80% of the company’s stock.

Ingredion Stock Performance

Shares of NYSE:INGR opened at $134.79 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.69 and a current ratio of 2.67. The firm’s 50 day simple moving average is $139.51 and its 200-day simple moving average is $135.94. Ingredion Incorporated has a one year low of $107.40 and a one year high of $155.44. The firm has a market cap of $8.78 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 1.11 and a beta of 0.74.

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, beating analysts’ consensus estimates of $2.58 by $0.47. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the firm earned $2.33 earnings per share. The company’s quarterly revenue was down 8.0% on a year-over-year basis. As a group, equities analysts predict that Ingredion Incorporated will post 10.59 EPS for the current year.

Ingredion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.37%. Ingredion’s dividend payout ratio is presently 31.22%.

Analyst Ratings Changes

A number of research firms recently weighed in on INGR. Oppenheimer increased their price objective on shares of Ingredion from $147.00 to $178.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Stephens raised shares of Ingredion to a “hold” rating in a research report on Monday, December 2nd. Barclays increased their price objective on shares of Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. UBS Group increased their price objective on shares of Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, BMO Capital Markets raised their target price on shares of Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Ingredion currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.17.

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.