Ingredion Incorporated (NYSE:INGR) is Paradiem LLC’s 10th Largest Position

Paradiem LLC raised its stake in Ingredion Incorporated (NYSE:INGR) by 64.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,190 shares of the company’s stock after buying an additional 28,617 shares during the period. Ingredion makes up approximately 2.2% of Paradiem LLC’s holdings, making the stock its 10th largest holding. Paradiem LLC’s holdings in Ingredion were worth $7,943,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its position in shares of Ingredion by 33.7% during the 3rd quarter. IFP Advisors Inc now owns 484 shares of the company’s stock worth $48,000 after purchasing an additional 122 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in shares of Ingredion by 9.0% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,986 shares of the company’s stock worth $392,000 after purchasing an additional 328 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Ingredion by 164.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 61,713 shares of the company’s stock worth $6,073,000 after purchasing an additional 38,389 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Ingredion by 7.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 4,004 shares of the company’s stock worth $394,000 after purchasing an additional 266 shares during the last quarter. Finally, Foster & Motley Inc. raised its position in shares of Ingredion by 18.8% during the 3rd quarter. Foster & Motley Inc. now owns 5,541 shares of the company’s stock worth $545,000 after purchasing an additional 875 shares during the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ingredion

In related news, VP Davida Marie Gable sold 1,968 shares of Ingredion stock in a transaction on Friday, March 1st. The shares were sold at an average price of $117.38, for a total transaction of $231,003.84. Following the transaction, the vice president now owns 1,723 shares in the company, valued at approximately $202,245.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ingredion news, VP Davida Marie Gable sold 1,968 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $117.38, for a total value of $231,003.84. Following the transaction, the vice president now owns 1,723 shares in the company, valued at approximately $202,245.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Larry Fernandes sold 2,369 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $115.08, for a total transaction of $272,624.52. Following the completion of the transaction, the senior vice president now owns 28,966 shares in the company, valued at approximately $3,333,407.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,921 shares of company stock worth $6,903,045. 1.80% of the stock is currently owned by corporate insiders.

Ingredion Trading Down 1.0 %

Shares of NYSE INGR traded down $1.19 during trading on Friday, hitting $113.29. 296,644 shares of the company traded hands, compared to its average volume of 312,414. Ingredion Incorporated has a 1 year low of $89.54 and a 1 year high of $118.83. The company has a 50-day moving average price of $115.22 and a 200-day moving average price of $108.06. The firm has a market capitalization of $7.43 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.07 and a beta of 0.81. The company has a quick ratio of 1.10, a current ratio of 1.92 and a debt-to-equity ratio of 0.49.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.10. Ingredion had a net margin of 7.88% and a return on equity of 18.57%. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the previous year, the company earned $1.65 EPS. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, equities analysts predict that Ingredion Incorporated will post 9.62 EPS for the current year.

Ingredion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Monday, April 1st were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $3.12 annualized dividend and a dividend yield of 2.75%. Ingredion’s payout ratio is 32.50%.

Analyst Ratings Changes

INGR has been the subject of several recent analyst reports. The Goldman Sachs Group raised shares of Ingredion from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $122.00 to $135.00 in a research note on Thursday, February 15th. StockNews.com raised shares of Ingredion from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 22nd. Stephens reaffirmed an “overweight” rating and issued a $130.00 target price on shares of Ingredion in a research note on Wednesday, February 7th. Finally, Barclays lifted their target price on shares of Ingredion from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.67.

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.