KBC Group NV Purchases 187 Shares of Ingredion Incorporated (NYSE:INGR)

KBC Group NV raised its position in Ingredion Incorporated (NYSE:INGR) by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,726 shares of the company’s stock after buying an additional 187 shares during the quarter. KBC Group NV’s holdings in Ingredion were worth $237,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC raised its position in Ingredion by 154.0% during the first quarter. Janus Henderson Group PLC now owns 77,890 shares of the company’s stock valued at $9,101,000 after purchasing an additional 47,225 shares in the last quarter. Point72 DIFC Ltd lifted its position in shares of Ingredion by 2,629.3% during the 2nd quarter. Point72 DIFC Ltd now owns 3,821 shares of the company’s stock worth $438,000 after buying an additional 3,681 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Ingredion by 55.7% during the 2nd quarter. AQR Capital Management LLC now owns 321,729 shares of the company’s stock worth $36,902,000 after buying an additional 115,147 shares during the last quarter. Bridges Investment Management Inc. acquired a new stake in Ingredion in the second quarter valued at about $528,000. Finally, Waverly Advisors LLC bought a new position in Ingredion in the first quarter valued at about $5,301,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO James P. Zallie sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $134.03, for a total transaction of $174,239.00. Following the completion of the sale, the chief executive officer now owns 52,530 shares of the company’s stock, valued at $7,040,595.90. This trade represents a 2.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Larry Fernandes sold 6,122 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $140.66, for a total transaction of $861,120.52. Following the transaction, the senior vice president now owns 29,034 shares in the company, valued at $4,083,922.44. The trade was a 17.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,178 shares of company stock worth $4,982,857. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on INGR. Barclays increased their target price on shares of Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. StockNews.com lowered shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. Oppenheimer upped their price target on shares of Ingredion from $147.00 to $178.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. UBS Group raised 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, BMO Capital Markets upped their target price on Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Ingredion currently has an average rating of “Moderate Buy” and a consensus target price of $155.17.

Ingredion Trading Up 2.3 %

NYSE INGR opened at $141.99 on Wednesday. The firm has a market capitalization of $9.25 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 1.21 and a beta of 0.73. The business’s 50-day moving average price is $137.61 and its two-hundred day moving average price is $126.87. The company has a current ratio of 2.67, a quick ratio of 1.69 and a debt-to-equity ratio of 0.44. Ingredion Incorporated has a 12 month low of $100.90 and a 12 month high of $155.44.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, November 5th. The company reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.47. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.33 EPS. On average, analysts expect that Ingredion Incorporated will post 10.6 EPS for the current year.

Ingredion Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, October 1st. This represents a $3.20 dividend on an annualized basis and a yield of 2.25%. This is a boost from Ingredion’s previous quarterly dividend of $0.78. Ingredion’s dividend payout ratio is 31.22%.

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.