Jupiter Asset Management Ltd. Sells 39,879 Shares of Ingredion Incorporated (NYSE:INGR)

Jupiter Asset Management Ltd. decreased its stake in Ingredion Incorporated (NYSE:INGR) by 13.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 247,615 shares of the company’s stock after selling 39,879 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Ingredion were worth $34,062,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in shares of Ingredion by 216.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 769 shares of the company’s stock valued at $106,000 after purchasing an additional 526 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Ingredion by 48.4% in the 3rd quarter. Assetmark Inc. now owns 1,325 shares of the company’s stock valued at $182,000 after purchasing an additional 432 shares in the last quarter. Atria Investments Inc boosted its stake in shares of Ingredion by 4.8% in the 3rd quarter. Atria Investments Inc now owns 7,028 shares of the company’s stock valued at $966,000 after purchasing an additional 323 shares in the last quarter. Versor Investments LP boosted its stake in shares of Ingredion by 52.8% in the 3rd quarter. Versor Investments LP now owns 8,800 shares of the company’s stock valued at $1,209,000 after purchasing an additional 3,039 shares in the last quarter. Finally, WCM Investment Management LLC purchased a new stake in shares of Ingredion in the 3rd quarter valued at $303,000. Institutional investors own 85.27% of the company’s stock.

Insider Transactions at Ingredion

In related news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the completion of the transaction, the chief executive officer now directly owns 34,127 shares of the company’s stock, valued at $4,295,906.76. This trade represents a 24.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on INGR shares. Stephens cut their price objective 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 report on Thursday, February 6th. Oppenheimer dropped their price target on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. BMO Capital Markets dropped their price target on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Finally, UBS Group increased their price target on shares of Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.20.

Ingredion Trading Down 2.8 %

NYSE:INGR opened at $132.97 on Wednesday. The company has a 50-day moving average price of $131.97 and a 200-day moving average price of $136.64. Ingredion Incorporated has a 12 month low of $109.51 and a 12 month high of $155.44. 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 stock has a market cap of $8.53 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 1.03 and a beta of 0.75.

Ingredion (NYSE:INGR) last posted its earnings results 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 firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the company posted $1.65 EPS. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. Equities analysts predict that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Dividend Announcement

The business 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. The ex-dividend date was Thursday, January 2nd. This represents a $3.20 annualized dividend and a dividend yield of 2.41%. Ingredion’s dividend payout ratio is 32.96%.

Ingredion Company 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.