Retirement Guys Formula LLC Takes $204,000 Position in Ingredion Incorporated (NYSE:INGR)

Retirement Guys Formula LLC purchased a new stake in Ingredion Incorporated (NYSE:INGR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,482 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Orion Portfolio Solutions LLC raised its position in shares of Ingredion by 195.2% in the third quarter. Orion Portfolio Solutions LLC now owns 11,608 shares of the company’s stock valued at $1,595,000 after purchasing an additional 7,676 shares during the period. State Street Corp grew its stake in Ingredion by 0.8% during the third quarter. State Street Corp now owns 2,436,601 shares of the company’s stock valued at $334,862,000 after acquiring an additional 19,560 shares in the last quarter. Franklin Resources Inc. grew its stake in Ingredion by 75.7% during the third quarter. Franklin Resources Inc. now owns 194,295 shares of the company’s stock valued at $26,109,000 after acquiring an additional 83,708 shares in the last quarter. Principal Financial Group Inc. grew its stake in Ingredion by 1.5% during the third quarter. Principal Financial Group Inc. now owns 725,374 shares of the company’s stock valued at $99,683,000 after acquiring an additional 10,812 shares in the last quarter. Finally, Fractal Investments LLC purchased a new position in Ingredion during the fourth quarter valued at approximately $344,000. Institutional investors own 85.27% of the company’s stock.

Ingredion Trading Up 0.9 %

NYSE:INGR opened at $128.68 on Wednesday. The company has a fifty day moving average of $137.21 and a 200 day moving average of $136.33. Ingredion Incorporated has a 52 week low of $107.77 and a 52 week high of $155.44. The company has a quick ratio of 1.69, a current ratio of 2.62 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $8.39 billion, a P/E ratio of 13.25, a P/E/G ratio of 1.04 and a beta of 0.74.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.54 by $0.09. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the business earned $1.65 EPS. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, research analysts predict that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Thursday, January 2nd were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Thursday, January 2nd. Ingredion’s dividend payout ratio is presently 32.96%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on INGR shares. Barclays boosted their price objective on shares of Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Oppenheimer reduced their price objective on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Stephens cut their price target on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. StockNews.com cut shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.33.

Insider Transactions at Ingredion

In related news, CFO James D. Gray sold 54,869 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $146.76, for a total transaction of $8,052,574.44. Following the sale, the chief financial officer now directly owns 12,795 shares of the company’s stock, valued at approximately $1,877,794.20. This represents a 81.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Larry Fernandes sold 6,122 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $140.66, for a total transaction of $861,120.52. Following the sale, the senior vice president now directly owns 29,034 shares in the company, valued at $4,083,922.44. This trade represents a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,992 shares of company stock valued at $8,913,841 in the last three months. 1.80% of the stock is currently owned by company insiders.

About Ingredion

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.