Ingredion Incorporated (NYSE:INGR) Position Lessened by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,924 shares of the company’s stock after selling 12,528 shares during the quarter. Ingredion accounts for about 1.5% of Leeward Investments LLC MA’s portfolio, making the stock its 9th largest position. Leeward Investments LLC MA owned approximately 0.33% of Ingredion worth $29,565,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wealthspire Advisors LLC purchased a new stake in Ingredion during the 4th quarter valued at about $219,000. Navellier & Associates Inc. grew its stake in Ingredion by 5.1% during the 4th quarter. Navellier & Associates Inc. now owns 29,998 shares of the company’s stock valued at $4,127,000 after purchasing an additional 1,462 shares during the last quarter. Transcend Capital Advisors LLC grew its stake in Ingredion by 2.1% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,318 shares of the company’s stock valued at $594,000 after purchasing an additional 90 shares during the last quarter. Paradigm Asset Management Co. LLC purchased a new stake in Ingredion during the 4th quarter valued at about $963,000. Finally, Allianz Asset Management GmbH grew its stake in Ingredion by 11.9% during the 4th quarter. Allianz Asset Management GmbH now owns 842,763 shares of the company’s stock valued at $115,930,000 after purchasing an additional 89,335 shares during the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

INGR has been the topic of several research analyst reports. Stephens dropped their price target on Ingredion from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. BMO Capital Markets decreased their price objective on Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. StockNews.com cut Ingredion from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. UBS Group boosted their price objective on Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Oppenheimer decreased their price objective on Ingredion from $178.00 to $167.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.20.

Insider Activity

In other news, CFO James D. Gray sold 54,869 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was 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 represents a 81.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James P. Zallie sold 10,815 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $125.88, for a total value of $1,361,392.20. Following the completion of the sale, the chief executive officer now owns 34,127 shares of the company’s stock, valued at $4,295,906.76. This trade represents a 24.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,685 shares of company stock worth $9,414,112 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Ingredion Price Performance

NYSE:INGR opened at $128.07 on Friday. Ingredion Incorporated has a 12 month low of $109.51 and a 12 month high of $155.44. The stock has a 50 day moving average of $133.87 and a two-hundred day moving average of $136.50. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The firm has a market cap of $8.35 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 1.03 and a beta of 0.74.

Ingredion (NYSE:INGR) last posted 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 return on equity of 18.62% and a net margin of 8.71%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the business earned $1.65 EPS. Ingredion’s quarterly revenue was down 6.3% on a year-over-year basis. On average, analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.80 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.20 annualized dividend and a yield of 2.50%. Ingredion’s dividend payout ratio (DPR) is currently 32.96%.

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.